131
of paying the Military Contribution into the Commissariat instead of remitting it to the Crown Agents, will on an average cause the Colony a loss of about $4000 per annum, that being the average gain in Exchange for remitting £20,000 to England, instead of paying it here at 4/3 to the Dollar.
I have the honour to be,
My Lord,
many years one
Your Lordship's most obedient
humble Servant,
Redesdale Markomanell
Governor ...
of Crown
is Hon'ble Envoy with
In To
Hongkong
Se
Zone
MINUTE PAPER.
118441/09
Minute on 7531 Agrati.
If on the 8 May Sir Dr Macdonnell
remitted £20,000 to the Agents on Account
of the suggestion
Military Contribution
that they should
be instructed to invest in Exchequer Bills the balance of that
they have in hand.
Current the state of their accounts
amount which
The
thin
with the Colony
said
Copy their
that the
the contribution
Now made
J
paging
Worth report.
obsinn?
So if the compliance
entailed loss will entail a loss of $4000 per
the Impln
Bort
89220/10
in
the Colony Say £832
a Jom.
h
W.S.
26/10/69
The CO has been informed that the alteration
in mode of payment
will be made.
To proceed 28/10 M Gualla