248
avardraft 130 12
*2,397,678. but this was reduced to /915,6C7 on
the 17th. January through the Crown Agents having allowed the Government to draw on them to the extent of 290,000. Even if it were practicable to float a loan at the present time it would nerdly be possible to do so at par at less than five per centum, whereas, Bank only charges 4) per centum on the overdraft.
11.
I shall await your Despatch cone-rning the redemption of subsidiary coin before addressing you on that vex- subject. In the meantime your instructions to stop rezittancen to England for demonetization are being observeteń acsábame
with your teleqan ofrich Beauté,
12.
In conclusion I would remark that I am very anxious to submit to you proposals for special taxation from which to furnish a special contribution from this Colony to Imperial ar Expenditure, and I hope to address you shortly on the subject.
I have the honour to be,
Sir,
Your most obedient,
humble servant,
Arma
Governor,