I also enclose a
which we have received.
a copy of the reply.
31* Jazby 1891
539
The Loan, and of our Prospectus.
copy herewith, stating the terms
"The ansiver of the Colonical
Government is of
such a mature
that it is not possible to say whether the government
opinion that it does not posus The necessary legal powers, on
whether it considers that it is
financial
not at present in a
position to commence redemption of the Loan.
The
In either circumstances,
however, such an
opinion
wordd
appear to be ess
as maden the terms of
The
Ordinance in:11 of 1886 authorising
The
The rise. The boloinal
has we think
Government has
dearly the right to pay ofF
The Loan
grining the necessary
notice, and as
regards The
financial position a
Linking
Irand having been established
from the date of the issue of the Loan, which now amounts to ₤33.735.1-9.
nominal win
Considerable
securities there is a
amount of money available for redemption purposes.
In These circumstancers,
and as
it would be
advantageous
منه
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