in England, when
the sum
so invested should
be equal to the cash circulation it might be backed by permanent security for two thirds of such circulation,
the other one-third being in
actual bullion in the
interest free
instead
of paying it.
(Signed) A. Lister
November 12th 1883
Mlony
I
here
see
13.
sure the public
would not willingly
... the rates.
A loan would probably
be taken up by capitalists
outside the Colony, for
even
five per cent is a very tempting rate in China, whereas,
with the plan
suggested above
the Colony would receive
interest
292