120
Isnoltibha ne rittw‚arbini al Iantytro silt no 000,037ę to ma e
000,000,¿§ to anof sɗT .bumai virsoz odt no mane tag 000,088
yna nì bus 000,088,2° of hecuber að sono de 187otersit (bisow
tem ad of oval con blow 000,000,8% to azof sledw arft e8ao
to neol arið gatɛktenomab no amol etalbanel eft yleisi berunż
aa,hna 10'0 ̧008μI° ød vino bluow areblod eptai mort atoodem
to me s od binow eteɗt,SIque III beerdue Tobmu awodn
‚azol akát novoo neɗld exom bluow doliw bari of thɛat 000,005,23 000,085,$3 to wauf Itu adt tevoo tud Ila tost at bleow bas
east istot a to goliquebat arid taste sirtoon yine blow datde
.atosdue to 000,000,0$₺ to suisv
Bily sister of rsey vno adet vidadorų blwow #I
noltauitanomab art rot arshloff #grai dittw #‡Hoanga¶“8 VLAKBBɔart
Juo vud of away è oder age/^tegy van di bus :agniblod stødt to
eulay eost a to samfɔwuq art a. afgmoo on bas atahlon IIame writ
[Itw wa akɗt to notdesitenoreh sat
.ntoɔdua to 000,000,088 to
blaq ed oð sær dolche to Jeo :000,00,"I§ toeslav ten a biniy
raererni) 000,485,1$ mulq stanford flam 09 000,000,82 to mua a
.000,ass ̧s£§ alsupa (noitsuktenomab no erof),000,000、&* ■wiq
-aradt birow orest (renoon ton ti) taey .dfð eắt to bas sit ta
naof ent mort Jauhsh of 000,877,18 to me a sidaižava od stot-
¡O‹¤ ̧ASS,”3⁄4 to somsind bevreebernu na gatveof 000,000,$I) to
won edd no sltong) 000,08rž bezoubab radtrut ed taver dɔkila mort
issue of subcoin). There would remain, therefore, in the 7th.
year a loan of $6,474,000 and interest on this at 2% would only
be $129,480 per annum, while from it must be taken the sum of
$50,000 received annually as profit on the new issues of subm
-coins made. Therefore, after the 7th. year the vote for sub-
-coin would be reduced from $204,000 to $79,480 per annum,
sum of not much greater than the figure of $66,347.55 entered
in the Treasury books last year as being loss calculated at the
rate of 14% on the actual amount of subcoin received by the
Government as revenue. In addition to interest provision would
have to be made annually for repayment by instalments of the
outstanding loan of $6,474,000, the sum payable annually being
determined by the period stipulated in the loan agreements and this loan might be greatly reduced by the payments from the
Colonial Reserves, which could not be put to a more legitimate
purpose than the rehabilitation of the Colonial Currency.
of course,
I submit the foregoing suggestions in no
dogmatic spirit and the figures throughtout are,
tentative only; but I think that the solution of this problem,
unless it comes from China, will have to be sought on some such
lines as those now indicated.
9th. October, 1909.
(Sd.) C. Clementi.
sweet