CO129-171 - Acting Governor Austin - 1875 [7-11] -- Sir Kennedy - 1875 [12] — Page 386

CO129 Colonial Office Hong Kong Records 理藩院香港檔案 All AI Reviewed
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I observe the Crown agents report that, in their opinion, such a loan could be raised in London at 4½ or 5% interest with a sinking fund of 1%. These gentlemen doubtless possess more information on the subject than I do, but I much doubt if par could be obtained under 5% interest, and then there would be considerable charges for commission, etc., which would reduce by so much the actual amount received by the Government here. In my opinion a sterling loan, as compared with a Dollar loan, has just one very serious disadvantage, and that is, that, while Gold is the standard, and the Colony's Revenues are collected in Silver, the latter has, of late years, depreciated in value as compared with the former, and appearances undoubtedly point to a still farther and steady depreciation. On this assumption – and I daresay the Crown Agents will admit its correctness - were the Colony to raise a sterling loan, it would cost the Colony

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2026-05-21 04:22:55 · NVIDIA / meta/llama-4-maverick-17b-128e-instruct
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I observe the Crown agents report that, in their opinion, such a loan could be raised in London at 4½ or 5% interest with a sinking fund of 1%. These gentlemen doubtless possess more information on the subject than I do, but I much doubt if par could be obtained under 5% interest, and then there would be considerable charges for commission, etc., which would reduce by so much the actual amount received by the Government here. In my opinion a sterling loan, as compared with a Dollar loan, has just one very serious disadvantage, and that is, that, while Gold is the standard, and the Colony's Revenues are collected in Silver, the latter has, of late years, depreciated in value as compared with the former, and appearances undoubtedly point to a still farther and steady depreciation. On this assumption – and I daresay the Crown Agents will admit its correctness - were the Colony to raise a sterling loan, it would cost the Colony
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I observe the Crown agents report that, in their opinion, such a loan could be raised in London at 4/2 or 5% interest with a sinking fund of 100 These gentlemen-peramw. doubtless possess more information on the subject than I do, but : 9 much doubt if par could be obtained under 5% interest, and then there would be- considerable charges for -commission te te, which. would reduce by so much the actual amount received the Government here.. In my opinion aby382compared with sterling loan, as a Dollar loan, has just serious disadvantage, another.nowvery -and that is, that, while Gold is the standard, and the Colony's collected in Vilver, Revenues are the latter has, of late years, depreciated in value as compared with the former, and appearances undoubtedly point to a still farther and -steady depreciation. On this -assumption – and I daresay the Crown Agents will admit its correctness - were the Colony to raise a sterling loan,Colony- it would cost the Co
2026-05-21 04:22:55 · Baseline
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I observe the Crown agents report that, in their opinion, such a loan could be raised in London at 4/2 or

5% interest

with a sinking fund of 100 These gentlemen

-per

amw.

doubtless possess more information on the subject than I do, but : 9 much doubt if par could be obtained under 5% interest, and then there would be

- considerable charges for -

commission te te, which.

would reduce by so much the actual amount received

the Government here.. In my opinion a

by

382

compared with

sterling loan, as a Dollar loan, has just

serious disadvantage,

another.

now

very -and that is, that, while Gold

is the standard, and the Colony's collected in Vilver,

Revenues are

the latter has, of late years, depreciated in value as

compared with the former, and appearances undoubtedly point to a still farther and -steady depreciation. On this -assumption – and I daresay the Crown Agents will admit its correctness - were the

Colony to raise a

sterling loan,

Colony-

it would cost the Co

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