17
ar
with
an additional cost for Printing bonds and other tik pinilar expense_ So that to avoid commissions
the cost announting to 'n per Cant. of printing bonds whether ifred here or in ItongKong being in both case inevitable it is proposed that the
Colmy shall pay at least 'n perhaps 1 per cent per Commun
in
the
and during the chole currency of the loan.
The 3rd evolution of the Committed. can hardly I should think have
I have been put forward percourly [phoon that the Colony proposes to free itself from a single payment amounting to 10% per cent by assuming a charge of 10%
*
for Caut per annum för
g years
on
OL
the amount.
F
£1
uber.
Iran, but how the raising of loan in Stong Krong would add to the Resence of the Colony in Stamp duty it is not easy to
aazy understand, peeing that the Stamps
duty must be paid from Revenue
Cotra
before it
As regards
be received
ол
Revenue. the
the redemption of
Debenture, I would observe that the period must be governed by the amount the Colony is prepared
to pay, and my draft Ordinanced
elight alteration could with
very
OL
adapted to Linking fund-
2
of all information
ao
to the viccs.
of
bo
4 per cent In the absenco
or
the subject
the Colonial
Government I followed the usual
Course of
a
One per cent Linking
fund, but if ten years many
assailed be taken
as
Or
as
generation
in Hong King, the lean should be
50 loan, raind as
OL
2.0
the Colony to pay off
would he be able to
its whole debt
any
time after five
yeau by giving the necessary 6 months.
notice of
arr
sistention to do po
could postpone repayment at its option for 20 years -
The Chief Justice puts forward another,