67
Enclosure 2 in No. 58.
STATEMENT showing steps taken or to be taken to cash in Mauritius the £200,000 raised by the Crown Agents in England under Ordinance No. 43 of 1902.
Nature of Steps.
Amount.
Discount. Premium.
Date when Cashed or to be Cashed.
Amount
Realized or
Remarks.
to Realize.
TAKEN.
Draft drawn by Re- ceiver - General on 9 Jan., 1903, on Na- tional Bank of India, Bombay.
Rs. 200,000
Rs. 1,000,
9 Jan., 1903
Rø. 2001,000
by Discounted
Bank of Mauritius at per cent.
the
24 Jan., 1993
300,000
Ditto
ditto
Telegraphic transfer on National Bank of India, Bombay,
300,000
1,500
of 23 Jan., 1903.
Ditto
ditto
500,000
2,500
Telegram to Crown 1,000,000
Agents of 23 Jan.,
1903.
8,750
―
1
1
26 Jan., 1903
500,00 Discounted by the Mauritius Com- mercial Bank ht
per cent.
20 Feb., 1903 1,000,000 To be forwarded, in
8340
No. 59.
GOVERNOR SIR C. BRUCE to THE EARL OF ONSLOW (FOR THE SECRETARY
OF STATE).
(Received 9.40 a.m., March 3, 1903.)
TELEGRAM.
[Answered by L.F. transmitting copy of No. 60.]
Referring to your telegram of 21st February,* re Ordinance 34. Amending Ordinance 1 of 1903 has been passed, including amendment proposed in your telegram of 30th January.†
Referring to your despatches, Nos. 312, 27th December, and 22, 23rd January,t and Crown Agents' telegram of 19th February, the whole amount of £200,000, under Ordinance No. 43, may now be raised by debentures, as reported in my telegram of 24th February: Crown Agents can therefore apply £22,000 to general purposes of Colony.
As regards further requirements, they may be instructed to borrow up to £70,000 under Ordinance No. 34, advising me of the amount so raised. It will be unnecessary to raise further funds under Ordinance No. 22.
specie, by National Bank of India, Cal- cutta, by stear leaving on 31 Jan..
1903.
8340
•
1
PUBLIC RECORD OFFICE
Reference :-
minim
CO. 882
8 PUBLIC RECORD OFFICE, LONDON
ALLY WITHOUT PERMISSION OF THE BE REPRODUCED PHOTOGRAPHIC- COPYRIGHT PHOTOGRAPH-NOT TO
100,000 | Purchased by Blyth Brothers at per
125
14 Feb., 1903
cent. premium.
20 Feb., 1903
100,000 Purchased by Blyth
Brothers at pru'.
Telegram to Crown
Agents of 27 Jan., 1903.
TO BE TAKEN.
Remittance to Crown
Agents for wants of the Colony.
Remittance to Crown
Agents for invest- ment on account
of Commissioner's Currency,
Drafts on Bombay and
Calcutta in favour
of Government, India, to meet pro- spective require. ments of the Colony, Draft in favour of Postmaster-General, Bombay, to meet requirements for postal orders.
200,000
350,000
176,000
120,000
54,000
|
1
Draft in favour of 80,000 400
Bank of Mauritius, Limited.
2,980,000
14,150
125
Receiver-General.
JAMES J. BROWN,
VICTOR SINGERY,
Head Accountant.
Treasury, Mauritius,
January 29, 1903.
GENTLEMEN,
No. 60.
COLONIAL OFFICE to CROWN AGENTS.
[Copy to Governor, March 5, 1903, No. 49. L.F.]
Downing Street, March 4, 1903. WITH reference to the letter from this Department of the 31st of January last. I am directed to inform you that a telegram has been received from the Governor of Mauritius stating that an Ordinance has been passed amending Ordin- ance No. 34 of 1902: (1) In respect to the point referred to in the last paragraph of the above-mentioned letter; and (2) By omitting the proviso to Section 2 (1) of the Ordinance and substituting the following words, viz.: "Provided that the sum so borrowed shall not exceed two hundred and twenty thousand pounds."
2. A copy of the amending Ordinance will be forwarded to you as soon as it is received.
3. You were instructed, in the letter from this Department of the 25th ultimo,** and previous correspondence, to raise £200,000 by debentures under Ordinance No. 43 of 1902, and the Governor states, with reference to your telegram to the Colony of the 19th ultimo (in which it is understood you stated that £178,000 had altogether been borrowed), that you can, when all of the above-mentioned debentures have been raised, apply £22,000 to the general purposes of the Colony. The tele- gram adds that "as regards further requirements, the Crown Agents may be instructed to borrow up to £70,000 under ̊Ordinance No. 34, advising me of the amount so raised. It will be unnecessary to raise further funds under Ordinance No. 22."
4. A copy of the last-mentioned Ordinance was forwarded to you in the letter from this Department of the 27th of December last.††
5. I am to express approval of your compliance with the Governor's wishes in this matter.
I am, &c.,
H. BERTRAM COX.
• No. 54.
1923+
I No. 47.
† No. 42.
† 51731 and 2320: not printed.
No. 56.
¶ No. 59.
** No. 57.
†† Not printed.
I 2