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4
the amount of the debentures issued
out of which 4 per cent has to be
paid to Brokers and a further
Charge of 4 per cent on the interest
安
from time to time accruing
the debentures.
On the 1st October next it is
proposed that a new Scale
of Charges should come into force and that the ½ per cent charged
on the issue of loans shall be
irrespective of the Broker's Commission
of ¼ per cent and that the charge
on the payment of interest shall
be increased from ¼ to ½ per
cent.
It appears to us that the
Government of Hong Kong could
have no reasonable ground of complaint at the scale
charged on its loan
whatever scale may
be in force at the date the loan was issued. No bargain
was made by the Secretary of
State on the last
of February but the
then Existing rates were Explained,
at the same time we should be
willing, should E. Stanhope
approve of our doing so,
to dispose of the loan in question under the old arrangement as regards issue a difference in favour of
the Colony
£2500...
As regards the charge for the payment of interest we should "deprecate" the establishment of different rates for the various Crown Colonies, the interest on the proposed loan for Hong Kong will
bury