£100,000
(£116,178)
628
Sixteen thousand, one hundred and seventy-eight pounds), for working capital £499 thousand,
and pounds) and for a margin (£33 thousand, eight hundred and twenty-two pounds).
As this is the case, the Governor does not understand why the further large sum of £500 thousand pounds should be added for "more margin".
Sir M. Nathan is of opinion that very little risk would be run by inserting in Article 1 of the Loan Agreement a sum of One million five hundred thousand pounds as the maximum amount of the loan and by providing for its issue in three instalments of not more than Five hundred thousand each.
I am to request that you will bring Sir M. Nathan's views, with which Sir E. Grey is informed, the Secretary of State for the Colonies concurs, to the notice of the Corporation.
Sir E. Grey understands that the Corporation are prepared to make a reduction in the amount of the loan on certain conditions and are in communication with the
10.000>
5,822.
(00,000
,500,000
100,000
(₤116,178)
628
-hundred-and-sixteen-thousand, one hundred and seventy
eight peinds), for working capital 49ne hundred thouüe,
and pounds) and for a margin (thirty-three Thousand-
Caight hundred and twenty-two pounds).
As this is the case the Governor does not under-
stand why the further large sum of Rive hindred thous-
and pounds should be added for "more margin".
3ir M. Nathan is of opinion that very little risk
would be run by inserting in Article 1 of the loan
Agreement a sum of Ona million five hundred thousand
pounds as the maximum amount of the loan and by provid-
ing for its issue in three instalments of not more
than Five hundred thoug each,
I am to request that you will bring Sir M. Nath-
an's views with which, Sir E. Grey is informed, the
Secretary of State for the Colonies concurs, to the
notice of the Corporation.
Sir E. Grey understands that the Corporation are
prepared to make a reduction in the amount of the loan
on certain conditions and are in communication with
the
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