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5% interest will be paid on the loan, and
this incidentally is a higher return than is received on
current balances.
7.
I shall be glad if I may have general
approval of these proposals, by telegram if possible, in order that the negotiations may be completed and the work started at an early date.
I have the honour to be,
Sir,
Your most obedient humble servant,
7.2. Stubb
Governor, &c.