125
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transmitted to me in Colonel
Stanley's despatch of 2nd February
last was passed
passed in the Legislative
Council yesterday without division
out any alteration
and without.
The Finance Committee
after a considerable amount of discussion of the subject passed
on the 19th March last a resolution
to the following effect:.
"The Committee, although
" still thinking that, for many.
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reasons, it would be preferable
" to raise the money locally,
especially
We 21 You
21444
especially
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as there is reason to
believe that funds could be
obtained here at 42%, thus.
avoiding all risk of Exchange, nevertheless
loss
on
unanimously assent to the proposal of the Secretary of
"State that the Loan should
"be issued in London, provided that a 4% Loan can be issued not below par?
also on the 17th March the
following resolution :_
"The Committee consider
"that