131
of paying the Military Contribution into the Commissariat instead of remitting it to the Crown Agents, will on an average cause the Colony a loss of about $4000 per annum, that being the average gain in Exchange for remitting £20,000 to England, instead of paying it here at 4/3 to the Dollar.
I have the honour to be,
My Lord,
many years one
Your Lordship's most obedient
humble Servant,
Redesdale Markomanell
Governor ...
of Crown
is Hon'ble Envoy with
In To
Hongkong
Se
Zone
MINUTE PAPER.
118441/09
Minute on 7531 Agrati.
If on the 8 May Sir Dr Macdonnell
remitted £20,000 to the Agents on Account
of the suggestion
Military Contribution
that they should
be instructed to invest in Exchequer Bills the balance of that
they have in hand.
Current the state of their accounts
amount which
The
thin
with the Colony
said
Copy their
that the
the contribution
Now made
J
paging
Worth report.
obsinn?
So if the compliance
entailed loss will entail a loss of $4000 per
the Impln
Bort
89220/10
in
the Colony Say £832
a Jom.
h
W.S.
26/10/69
The CO has been informed that the alteration
in mode of payment
will be made.
To proceed 28/10 M Gualla
131
of paying the Military, Contribution into the Commissariat instead of remitting it to the Crown Agents, will on an average cause the Colony a loss of about $4000- her annum_ that being the average gain in Exchange for
remitting com £20,000 to England, instead of flaying it here at 4/3 to the Dollar. I have the horn to be,
My Lord,
many years on
Your Lordship's mors obedient
humble Servant,
Reddisfinns Markomanell
hover ...
of crun
is Aort Envions mithor
In Toy
Honghong
Se
Zone
MINUTE PAPER.
118441/09
minute on 7531 Agrati.
If On the 8 May Sue Dr Macdonnell
Unetted £20.000 to the Aguts or
Account
the suggesti
Militang Contulation
that they should
be
instructed to invest in Exchigan Bitte the balance of that
have in hand.
Crentain the state of them accounts
amount whiche
The mas
thin
with the Colong
ssad
Copy their
that the
the contribution
Now mode
J
paging
Worthen report.
obsinn?
So If the complime
ntacted tops will entail a loss of $4000 pe
the Implan
Bort
89220/10
in
the Colony Say £ 832
a Jem.
h
W. 8.
26/10/69
The 10 has been informed that the alteration
in mode of pragment
will be made.
To proued 28/10 M Gualla
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