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