!
it
tus officially as is in a large gestion oth figures require some thought! There are howsay
bun at one. one or twos pirate which scar
sis istenßßen Hock is at present about 74, after allowing for 2 1⁄2 scenter interest accrued, to tut
Hoch at less be chouls certainly not obtine
than that, but we know that there is actualy market in the Back which is firmly held by
hes could doubtlen,
Ypa
40
makes an oper to Investor. com often principend often, but we should it b
business with them at as likely to be able to de how a figure as 74. Scalculate their of the Hoykoy Auch could be bought at 78 the transaction might
we
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he clove introut lows, bet dabe if that would be advisable,
Hals As regards puretining quivelant Sharks, any Selected must be of the same standing & rudarenable me orators the same dateat the Hoykoy thack, and it is not likely that be should be any more successful in purchasing teens time the the Haykony thanks, of conne sufficiently low price ughtles any stock which was at a Lelected the transaction might prove a food one it would he a pare speculations as, if the date The repayment differed from that of the Krystory thank it would not he certain at what price the stock right be When the way
was required, and if the rate of interess was different the chance of having the semount required bords depend on the accumulation Iten darige made between to amount of interest liability Each year on
Hay to Hack the internt carved out in vestiment It we have that this best bike the personal (chreit hononte prosibility of the actual parebone of Haykan Wack) tor speculations to be worth comidering. If you wished the question tones officiity we will, in the meanting book into the figures & meche in queries is to shut posibility tore might be of parting any of the H.K. Stock in.
The actual date of his de dumpteri shie Heyken Has is 15 April 1943 bat before has the power to resem at per at any time now
but notice.
Jan: 3.1919.
N° 308
Sir,
194
€2451
[RES
[Re: 26 C18
HONGKONG.
GOVERNMENT HOUSE.
2nd. November, 1918.
I have the honour to inform you that
during the debate on the second reading of the Supply Bill
in the Legislative Council on the 17th October, the Senior
Un-officiel Member (Mr. Landale) speaking on behalf of his
colleagues mede a suggestion to the effect that the Sterling
Loans should be converted into a silver one seeing that
circumstances of exchange and cost of redemption were at
the time very favourable for that purpose, and I enclose a copy of a memorandum by the Treasurer dealing with the
advantages to be derived from such conversion.
2.
I would propose that the transaction
should be carried into effect by raising a local debenture
loan of $5,000,000 bearing interest at the rate of six per
centum for the period of 24 years ending in 1942, lesving
the balance of about $420,000 to be defrayed out of the
surplus revenues of the Colony which will probably exceed
four millions at the end of this year.
3.
The Hongkong and Shanghai Banking Cor-
poration has offered to take £3,500,000 of such a loan pro-
vided that the bonds are received as security against the
original note issue of £10,000,000 thus releasing the ster-
ling securities deposited with the Crown Agents. The
THE RIGHT HONOURABLE
WALTER LONG, M.P...
&c...
&C..
remaining