23
$4,838,000 brought the combined total of the two loans
$29,838,000 to $29,838,000, the excess over the
49 Loan, 1933.
3
Dollar Loan. $25,000,000
4% Loan, 1933.
3% Dollar Loan
$35,880 880 less
$4,838,000
$21,600,000 $26,438,000
$28,000,000 for which approval has already
been given being due to the inclusion of
the amount of $3,400,000 referred to above.
Excluding the amount required for conversion
of the Inscribed Stock the combined total would be only
$26,438,000.
3.
=====
From the end of this year therefore the
actual moneys to which section 3 (2) (ix) of the
amended bill will apply will be the yearly appropriations
necessary to provide the sinking fund and interest in the case of the 1933 Redemption Loan, and a yearly sum for the redemption of bonds drawn, plus the amount required for the payment of interest in the case of the
new Dollar Loan.
Paragraph (IX) of the Objects and Reasons
has been amended in the light of these facts.
4.
I shall be glad to learn in due course by telegraph whether you concur in the introduction of the Bill as amended into Legislative Council.
I have the honour to be,
Sir,
Your most obedient, humble servant,
んんん
Governor, &c.