CO129-129 - Sir MacDonnell - 1868 [1-3] — Page 444

10

M

442

ito intrinsic worth- and 1Bills which

three

here

an

were

negotiated

four years ago on London at the rate of 5/ to

the dollar are at this moment

for

mo

more

than Left.

negotiable

12. The occasional eccentric variations

- Cosechange which might have pielded seasons of profit to the Maint

ан

likely to be fever hereafter than

in the past and I

amm

convinced

that the offer of the Hongthing

Shanghai Bank

دے

was made on the

calculation that the privileges,

grant of which

privileges, the

was made conditional

acceptance of their offer, would yield prolit sufficient to repay the lop the Meint, which I believe they regarded

ао

likely to reach $40,000 per

ammu

years.

fir the next two or three

I have the honor to be,

My Lord Luke,

Your Gracis mast obedient,

humble Servant,

Ruckend James Mand sell

Governor