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to £625,500 ranging from the minimum of £95 up
The average price realised was £100, 12, 4.
We telegraphed this result to the Colonial Secretary yesterday, and we think it may be regarded as satisfactory. 3½ per cent Stock has secured a position surpassed only by the similar stock of Canada and the Cape, both large well-known and marketable issues.
We have not overlooked the suggestion made by the Governor in his despatch of 8 January No. 13 that, having regard to the price quoted for Ceylon 3½ per cent Stock, a 3½ per cent Hong Kong stock would probably be well received. It appears to us that the position of the two Colonies, as far as they are known as borrowers here, is not quite identical, Ceylon Government Securities having for many years ranked high.