same rate can be obtained in
the Colony. - Bridged. I now make the offer, on behalf
of the Bank, to take up the whole loan for the Government
at par on conditions, viz:=)
on the following.
annuum
set The loan to be for $250,000 Hong Kong currency, at 5% interest per annum, payable yearly or half yearly, with a sinking fund of 1%, or $2,500 per annum, payable yearly - the loan to be made under authority of Ordinance to be passed for that purpose, and to be
secured by the General Revenues
of the Colony.
such cases. –
as is usual in
2nd The Government to
pay
to the Bank a Commission of 2% on the amount of the loan for all labor and trouble connected with the business to the Bank and placing the loan before
the public. -
3rd. The Government to provide the Bank with the loan bonds of $500 Hong Kong Currency
each, payable to bearer, with coupons attached - payments of interest...
Any other conditions
for the
a 2/
Page 385