auttorining
debentures.
Λ
the
-6. The mason
13540
1grounds
on which M: March
advocates a
temporary
a system of
advance &
are that the time is
conformerable for the
issue
ani
a
loan, but
by the
informed by
Crown agents
in
that the
Circumstances which
april
last. (the
at which the colonial
Secretary daw of his
I have nch lists Light of Mnfach that Mr Man
wrate during a picer of finanical pance.
rates were
ceptional
I have
high, and failed to observe The Dirulors of the New- were propond ti make reduction in then chan to mech falling but unless rales han
sollen Rossinently to
induce the Bank Zi 2 mis head of by pr for er advances it un clearly be more adim 2. Main laporan
sances in Londen
Z
date than in
Hapkang.
DRAFT.
MINUTE.
Mr.
Mr.
Mr. Wingfield.
Mr. Bramston.
Mr. Meade.
Sir R. Herbert.
Mr. Ashley.
Lord Derby.
135
Memorandara) Ar Langes
exist would have mili-
tated
a
Ja
against the Suckers loan, now the
no longer
exist and that at
the present moment a
loan could be raised at
4 1⁄2 per cent fossibly at 't per
at 4 her cent, nor is
it to be
ted that
expected
12 months hence it will
be possible to borrow
m More
reasonable
favourable tuns
than can now
be obtained.
I