378
hands of the Manager of the trial Dante are comparatively manifest.
5.
It is not possible to forever control the Course of exchange, but according to the most trustworthy opinions obtainable in the leading circles, there is literally no prospect of the rate going above par, unless under very exceptional circumstances, which would then be temporary. Thus it would be preferable to restrict to the lowest possible amount the remittances to England.
6.
Should the loan be raised in this Colony the amount remitted would be limited to the expenditure in Stores and Machinery which are not purchasable here viz:- Iron pipes, Machinery &c.
£
12,000 - 0.0.0
300.0.0
7,000
$19,500..
300, 0.0
420,000
And hence the loss arising from Exchange would be reduced to less than one half, which is a substantial saving.
7.
I agree with Mr. Cruise that a Loan would be popular, and would be readily taken up
378
hands of the Manager of the treal Dante are comparatively marifet.
5.
It is not posible to forever
the Course
of exchange, but according
to the most trustworthy opinions obtainable in the leading there is literally no prompect of the rate an
above prav, mules
Londow going through
Done)
very exceptional
came), which would then
temporary. Thus it would
enly
bee
be
preferable to restrict to the lowest
popible amount the remittances
to England.
6.
Should the Ivan be raised in this Colony the amount told
rentitled would be limited to the expenditure in Itores and Machin
Stores and Machinery which are not purchasable here
I lost iron pipes
berment Machinery
viz:-
o Dan
Day.
PC.
12,000 - 0.0
300.0.0
7,000
B
$19.500..
300, 0
420,000
And hence the lof noring
0. 0
0
ti
I
Exchange would be reduced,
mine. than one half, which
subunit.
ๆ
in
an
hat f
infortant considerations
Goreng
I agen with Mr Cruis
Government
Α.
thinking that Lean would be propuler, and would be readily taken up
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