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CROWN AGENTS TO COLONIAL SECRETARY,
HONG KONG.
PALA
"
مديدا
Jash 03
Cont
.75.
sir,
co
8th March 1917.
60
Visida 210
J
I
io
-YDE
:
With reference to our telegram of the 9th February
and to your reply of the 17th February, on the subject of
the bonds of the Hong Kong Government 6% War Loan of 1916,
I have the honour to inform you that, in accordance with
the suggestion contained in your letter of the 15th December
No.3586/16, we have been in communication with the Hong
Kong and Shangai Banking Corporation, and, arising out of
that correspondence, there are several points which, we
think, can best be brought to the notice of the Colonial
Government by means of a letter rather than by telegram.
As the first epupon of the bonds is not due until the 1st
November, there is ample time to settle the matters in
doubt before proceeding to print the bonds.
2.
One of the questions to be settled is connected
with the date of redemption of the loan. As pointed out
in our telegram of the 9th February there is a discrepancy
as regards that date in the Ordinance authorising the loan
and in the Prospectus of the loan, the former giving the
1st December 1928 and the latter 1st November 1928. You
informed us in your telegram of the 17th February that the
date given in the Ordinance should be adhered to, and we
must conclude that, in arriving at this decision, the
Colonial Government has considered the question of the
legality of departing from the terms of the Prospectus, both as regards this question and as regards the alternative;
methods of repayment to which we also drew your attention
-