71
"The Governor shall in the half year
ending on the date specified in the
prospectus of any loan issued under the
terms of this Ordinance as that on which the
first contribution to the sinking fund
shall be taken and in each subsequent half
year appropriate out of" etc.
Section 7 (6) Use of sinking funds for
purchase of bonds need not necessarily be
limited to a price not exceeding par.
Even above par, bonds might still be the
best investment.
SECER
Leation 5 of the Ordinance
under
5. As regards
the loan
No be
is praised
could
under
the General Loan
which
I
any
part of
in this country
provisions of
Che
and
Stoel Ordinance 1913,
Inscribed
Section 10
of the fatter Grdinance provides for transfer by delivery. Section 10
Exchange
Lowever
of the United Kingdom Control Ext 1947 prohibits the cosme
bearer certifextes
of
or coupons
without Treasury permission.
I should accordingly be glad of Jou would consider wha
admendments
what other
are required to Gramance No. 48 of 1947
ofsary and to
and to Ordinance No. 7
1913 in
1913
vnew
of the United Kingdom
Exchange Control lect
1947.