117
Monthly payments under the Licensing Implement and paying therefrom instalments in aid of Police purposes, it was naturally found impossible to place the entire amount at the highest rate of interest obtainable in the Colony.
A portion of the Fund was deposited at 5 per cent, yet whilst some of it was necessarily producing interest at all, and some was left in the Oriental Bank at the ordinary current rate of 2 per cent interest.
3. Since the receipt, however, of Your Lordship's instructions in requiring the closing of the Licensed Houses, and the disposal of the Land, it has now been found practicable to place nearly the entire amount in various banks producing a fixed rate of interest.
But regarding the past, Your Lordship will observe that interest at the rate of 4 per cent has been credited to the Fund, and I may take this opportunity of correcting an error in General Whitfield's Despatch, No. 98 of the 4th July 1871, wherein it is stated that in the Return then forwarded the interest had been calculated at 5 per cent. The matter of fact then was...
2.
117
い
monthly payments under the
Licensing Implem and paying
therefrom instalments in aid of Police purposes it was
naturally
found impossible to place the cotine
amount at the highest rate of
interest obtainable in the Colony._
Inns.
a
portion of the Fund was
deposited at 5 per cent, yet whilt
of it
some of
Was
was necessarily producing interest at all, and some
left in the Oriental Bank
at the ordinary Current rate of 2 per cent interest.
3. Since the receipt, however, of Your Lordships instructions in requiring the closing of the Licensed
}
C
Houses,
and the dispane of the Land, it has now been found
practicable to place nearly the
entire amonut in various banko
producing a fixed rate of intéren.
文
But
rigarning the
pare
Your Kráship will Absorve that intirest at the rate of 4 per cent has been credited b
per
the Fund, and I may lake this
an erra
spportunity of correcting in General Whitfieds Despatch, 1.98 £f the 4th July 1871, wherein
of
it is stated that in the Return
9
مات
then forwarded the interest had ben Calculated at 5 for cent. matter of face then
The
wow
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