China has deposited further sum of $100,000 in the following as part of the security against their additional note issue.

Mr Chamberlain therefore approves of your releasing a corresponding proportion of the Stock held by you in this country as security against the bank's additional note issue.

Governor.

14 Apr 1897

Previous Paper: No. 7814

RECP 9

Subsequent Paper: No. 4814 Rec M PR/

(Subject.) Queen's Reign Celebration Proposed Erection at Hospital for Women and Children and Institution for training nurses.

Estimated cost: $50,000

Telegraph (Minutes.)

M. Graham

14 April

In answer to your telegram of today I consent to the scheme being carried out subject to my despatch of 17 March.

The scheme is a good one and the plan of getting buildings and roads mainly by loan is a good way, but from my despatch of 17 March which you will have received, you will learn that the light dues will have to be reduced at the end of the year leaving a gap to be filled by additional taxation. This must be considered.

C.P.L. 14 April

Page 332

DESPATCH.

7814

29 Apr 18 (73)-77499-1000-11-20

332

trong trong

Imeon

No.

Fel

Page XX

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China has deposited further sum of $100,000 in the following as part of the security against their additional note issue.

Mr Chamberlain therefore approves of your releasing a corresponding proportion of the Stock held by you in this country as security against the bank's additional note issue.

Governor.

14 Apr 1897

Previous Paper: No. 7814

RECP 9

Subsequent Paper: No. 4814 RecMPR/

(Subject.) Queen's Reign Celebration Proposed Erection at Hospital for Women and Children and Institution for training nurses.

Estimated cost: $50,000

Telegraph (Minutes.)

M. Graham

14 April

In answer to your telegram of today I consent to the scheme being carried out subject to my despatch of 17 March.

The scheme is a good one and the plan of getting buildings and roads mainly by loan is a good way, but from my despatch of 17 March which you will have received, you will learn that the light dues will have to be reduced at the end of the year leaving a gap to be filled by additional taxation. This must be considered.

C.P.L. 14 April

332

DESPATCH.

7814

RECP 9

29 Apr 18 (73)-77499-1000-11-20

trong trong

Imeon

No.

Fel

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