50
5/ made compulsory & practical
result of this would simply be that all the portages would be paid in 2 Dollars at 4/2 instead of only a large proportion of them the whole of at present; and the Imperial share would then be remitted home by the Colony in Bills of Exchange free from all loss.
The expense of the stamps would fall on the Colony, and the Colony would derive the benefit.
J. 223 when it fell to 3; 11½ - equivalent at a par of £1/2 to 5 per cent premium Sterling - And I do not think it an impossible contingency that the balance of Trade may again become favourable to China ports as it formerly was, now that so many have been opened which may become consumers of Imports but have no exports suitable to a foreign trade to give in exchange.
Profits Imperial share so long as the exchange continued unfavourable to the mother Country. The Colony should therefore bear the loss on remitting the Dollar even were it worth in exchange less than 2/2 - as in 1849.
I will now as briefly as possible recapitulate my proposals in the order in which they should be carried out.
50
5/
made compulsory
&
practical
result of this would simply be that
all the portages would be paid in
2
Follars at 4/2 instead of only a large
proportion of
them
the whole
of
مان
at present; and the huperial share would
then be remitted home by the Colony
in Bills of Exchange free from all love.
The
expense of
the stamps would fall on the Colony, and the Colony would
derive the
I
J.
223
when it fell to 3; 111⁄2 - equivalent
at a par of £1/2 to 5 per cent premium Sterling - And I do not think it an impossible contingency that the balance of Trace may again
become
to china
ports
us
formerly unfavourable
that so
now
many
have been opened which
Листа
may
become consumers of Imports but have no reports suitable to Areign
trade to give in exchange.
profite Amperial share so
remitting the long
as the exchange
31.
مد
continued unfavourable to the mother Country. The Colony should therefore bear the love on remitting
شمارند
the Dollar even
were worth in
exchange less than 2/2-
as in 1849
I will now
as
briefly
possible recapitulate my proposals in the order in which they should be carried out.
No comments yet.
Private notes are available after approval.