sight of the first advantage of
borowing in gold,
avoid
Q
possible loss
advocate a
very
and in order
to
hence
1 year disadvantageory arrangement
at the present time.
The Finance Committed apparently that it would be
aw acord
Q
very costly operation to borrow in Silver in HongKong to provide gold here, this objection it should be re-
a
Considerable
-mombored could apply to portion of the $400,000 to be paised, but the Committer does
not take notice of
the greatly
increased nimber.
of
Bollars which
the present low rate of exchange
would enable
Kong for gold.
to place in Hong
A considerable amount being
: required here and the present easy
Cesurs of remitting from here to Hong Kong point conclusively to the advantages
in that case, the'
with how t jenih mne
I Mars
thay sold interest
in sugland, the
bulth of the supe being band sine Athair will b laid down in
Ikony with the
pinner of the Lear
fall in wher
while the
the tear are
of negotiation in London rather than in Stongkong :
there is to be
a
and
unless
further considerable
fall in the value of Silver, erlich
is of coura
possible, there is
to recommend the course
the Committed.
by
The question
whether
20-2-1
is nothing
advocated
chan
for
decision
منذ
immediate and certains
loss is preferable
The play posible
with rather be man
Junne
is a
orre
distant or
The Finance Committed.
prefer the immediate loss _ I think
Larger gets that their views are wrong.
sten fall in when in
grain
the promos (the hom
sime so fructed L Zitame an Imade
-
In their 2nd resolution, the Committed
recommend the issue porn the Treasing
the other way for th Stinghing of I per Cant Debentures Sivs. mys that and add "thus avoiding cost
interest hit is
is in the ambay
the furlum.
Ru
on
or
kind as well
" Commission of coery the risks of loss of exchange. Colonel Stanley's despatch
Now
the
of
30th June last informed the Jovernor that we could bonow here at 41⁄2 - perhaps 4 per Cant, that the Commission
the issue of
Oc
loan bere would be 2ft ben
16