years from date of issue, would command better terms in London than those appeared by the Bank; and that the Commission charged by the Agts Dept. (including 8% brokerage) is, as laid down in Circular Desp: of 23 Jan: 1868, only 1⁄2 percent for superintending the preparation of the Debentures & disposing of them, as compared with 2 per Cent demanded by the Bank for selling them to themselves - while the charge for paying the interest & managing The Sinking fund would only amount
still in one operation, the issue of the Water Works and Praya Loans, could be authorised by one Ordinance be combined.
to Mr Quire on such interest or the annual sum of £6.5.0 per Annum, as compared to an unknown sum to be paid to the Bank for such Services. Such a loan placed on this market would moreover pave the way to better terms for the Bank's next operation, swelling the amount as it would to quotable quantity in the Share Lists of the Stock Exchange, and thus give Hong Kong Securities a Marketable character.
If it be determined to borrow in London, something like a prospectus should be sent home, setting forth the financial Condition & prospects of the Colony, as shown by the Exports, imports, revenue, Expenditure, and Debts, during The last seven years, down to the latest possible period. P.G.J
167 29/10/75
1766) Hong Kong Water Supply
W. Mende
In the papers.
Cre
371
the valves have been out of order for some time (in 1874/5). I concur with Messrs. Price & Son in their general opinion that the original Works would have cost £302,147–
Mr. Rawlins, to whom the question was referred, proposed a more moderate estimate for construction from Victoria. Lee's deals £869./94 -
1. Aqueduct from ... at a cost of £136400-
de quation Laving been opened back...
years from date of issue, would com
mand better terms in London than thase appered by the Bank; and that The Corn? charged by the @Agts Dept. (including & % Bokunge) is, as laid down in Circular Desp: of 23 Jom : 1868, thi only 1⁄2 pritent for superintending the preparation of the Debentures & disposing of them, as compared with 2 per Cut demanded by the Bank for selling them to theirselves - while the charge for paying the interest &managing The Sinking fund would only amount
süll
in one operation, th
of the Water Works and
would lic'still more desirabil Praya Loans, could be authoring
one Ordinance bcombined.
to to Mr Quit on such interest or the amial sum of £6.5.0 per Annewn, as componed to an unknown sum to be paid to the Bank for auch Services. Such a loan placed on this market wd moreover
way to better terms for the Baue
next operation, swelling the amount as it would to quotable quantity in the Shone Lists of the Stock Exchange, and thus give Hong Kong Securities
Qu
the
Marketable character.
If it he determined to borrow in Landon, something like a prospectus should be sent home, setting forth the sinancial Condition &prospects of the Calory, as shown by the Exparts, imports, revenue, Expenditure, and Debts, during The last seven years, dup to the latest
Rossible period. P.G.J
167 29/10/75
1766) Hong Kong Walin Suffly
W. Mende
In the papers.
Cre
371
the valgust have
the hung of for some time (in 1744/5). I
with in Lessing
con glands.
ben
shortly
state how the
M. Price & Sunizor feneral
inpinally perforal Works abut would
Mr. Rachuter
have cost ₤302, 147–
whom the question was
More Moderati
Infan
de anstuction
Vince to Victoria. Lee deals 7869./94 -
at-
spored carnassented.
1.
Worker.
al-
Aqueduct from
art of ₤136400-
de quation Laving bom afened back
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