327
Leuse of the premises
on the terms abour specified,
provided Your Lordship would sunction the
arrangement under the peculiar and special
circunstances of the case.
I enclose
Copy of the Contract, which
Enclosure Mus
.
will be at once executed - the $40,000 being paid
down,
but
repayable of
course in the event of
Your Lordship not approving the transaction.
I trust there is no risk of such disapproval,
I consider it
very fortunate for the Colony that
the chance has presented itself of getting rid of premises in
from
in an inconvenient position, and which
their native were unsuitable for almost
all ordinary purposes, whilst
they were deteriorating
in value
month.
every
8.
In conclusion I
may
observe that
on the whole the outlay
on the mint experiment
here has cost $450,000 including interest. By the
sale of the machinery ($60,000) by the proposed.
lease ($65,000) and by
the
ground rest (capitalised
amount.
quill be
vahre $20,0001-$145,000, of that amon
recouped, leaving nearly & 300,000 as the total, I trust Her Majesty's Government
final loss.
will remember this great sacrifice incurred by
Honghong in solving a problem of Imperial
interest, if
aw
opportunity
some claim
arises to consider
Indulgence
of the Colony hereafter in the
forbearance of "Her Majesty's Government.
I have the honor to be,
May Lord
Your Lordship's most obedient-
humble servant,
and finnes Mardermelly
G
overmori
VY