It is evident that this plan of coming.
debentures involves
Convertitle
Element speculation, t
indeed the C.A. Veen bregand
where
Colony wants money
Ang Preis.
As regards per 144 See what they d
it a
pis aller
it at
freemer get
it wie be interesting to as to the legten Wan. Unless they decide tranfire the advantage of Mining it as one line with the wisting 3%, they will have o
wish it had a considerable discount?
? warned hardly continue the correpa
Publis
?
Dr.15/12 C.P.2 16 of issuing theachdata
Fiss pident of issuing
/**
debentures convertible mb shock
is a
alry usual
with au
way of dealing unfavorable marked,
let this wen unnt wheat bine Blake
purposed in the case of thay karep
If and I think be much Eventually saliify in that there good pounds
noh chhing slacks. A good deal
fler ia
letter is a dissertation an "first principles, sucellent beatust
Putt Tito alone Recessary. – Putty Txo 1912
14106
བོར་ཐོ་མ་ཆསོགས་ ཡིག་
ALL COMMUNICATIONS
TO BE ADDRESSED TO THE
GROWN AGENTS FOR THE COLONIES,
THE ABOVE REFERENCE AND THE
BATE OF THIS LETT BEING QUOTED
TEL. ADD."CROWN, LONDON"
CA
Sir,
RINTED
FOR USE
EASTERN
No. 78
ROLONIAL
OFFICE
Hun Kurg Loan.
C.O.
44103
228 1
17
CIL OS
WHITEHALL CARDENS,
LONDON, S. W.
13th December/
190 5.
I have the honour to acknowled the receipt of
*
your letter of the 3rd of November No.38125/1905, and we Jossu, think that the views expressed in our letters of the 16th
and 25th of October must have been misunderstood as we
Missy 18 4 2 7 6 5
have not at any time advocated the abandurment of the system'
of raising Loans by means of Inscribed Stock.
2. In our first letter we pointed out that the conditions under which the money lent to the Viceroy of Wuchang was to be repaid were quite exceptional, and that therefore it would be desirable to raise the necessary
Loan in the shape of Debentures. At the same time however we expressed the opinion that as regards the remaining portion of the Lean, i.e. that required for the Kowloon- Canton Railway we were of opinion that it should be raised in the form of Inscribed Stock.
3. In our second letter we suggested, as further legislation was required, that the existing legislation; should be repealed and that fresh legislation should be passed enabling Loans to be raised in the shape of either Stock or Debenture as might prove most advantageous at the time of issue, and I now beg to state at length the reasons which led us to make this recommendation.
Under Secretary of State,
kc.
bc N bc.
Culonal office.
x.no.
+ Mo. 368×4 +38126/
3.cake