of 2100, and I am surprised

The Crown Agents rather think that there was any misund...standing on this point. The Crown Agents with

The difference between them. For The Colony £100, at which the Colony has eventually to redeem the debt. M. Lucas 3. March

repurchase the stock with and the price at which the Bank is to make purchases is found as on action. Fund purchases are made in

—tagas tums as possite, is

8 Hongiting

2844

Jen Hermen

67

7 March 93

With reference to my

M: Fairfield 4 24

M

or this

the measure of the Adraulyn M. Meade

when the stock is as low as the Colony raise

to be; but if the colony four pounds

is likely to be; but it

would be out of the question

Aputs

lay down thereon defects

to every hundred other to the

should never

"that they purchase above the price of issue for suppose

The Loan was issued as the Colonial

The same Engguich, at 93 if the credit of the colony impaired and the price the stock Lose to

(Crown Agents by by in tim

at that price

would save the

What would hope the stock

on thit

be add

bidders being only redeemable at a par. The Crown Agents, it may

would not be likely to lay in 3 drafts this storing was verging

£100, as the mere fact

&

into the market

of them going as considerable buyers would fout the stock up to par and Hareby defeat their object.

4. You are at liberty to make the Representations to

You think fit.

Council

5 copies of orders

Ewed 5.4 "days"

directed by letter

date I a

the Marquis

am

Prision to enclose (in original to be returned) a despatch

I from the Governor of Hong Kong forwarding

Jeneral

Cean and

the

Inscribed

"Stack ordinance 1893", which

the

has been passed Legislature of Hong Kong

and has received Her

Majesty's sanction, top than

with certain other documents relating to the same matter.

I am to

convey

to you

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