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understood that the same shall remain for
a period of about twelve months including the term of notice.
2nd The Corporation will allow interest
at the rate of 6% per
annum on all sums
deposited for
one or more
years certain,
repayable thereafter on four months' notice.
3rd. Interest will be reckoned from the
present instant on all sums deposited
before Saturday the 18th instant; so as to admit of advice going forward to the Court of Directors of the Corporation by
the outgoing
mail.
4th. It is understood that all deposits
bearing interest shall be received and
paid in
in Mexican Dollars or in other coins at their proportionate market value; and also that sums required by the government in anticipation of
the maturity of the deposits shall, whenever practicable, be paid at a difference of interest at the rate of one
per cent per annum, but of course no absolute pledge to that effect can be given
as
such payment in anticipation might involve a serious loss to the Corporation
at certain times.
5th In
regards to what passed
in conversation respecting the allowance of interest on money at call, I regret that it is not in my power to meet His Excellency's views, but I shall be glad to render
the
government
any
service in our
power, free of any charge except for shroffage, either in the collection and disbursement of the revenue or in
any
financial operation which we
may
be able to facilitate.