CO129-171 - Acting Governor Austin - 1875 [7-11] -- Sir Kennedy - 1875 [12] — Page 389

same rate can be obtained in

the Colony. - Bridged. I now make the offer, on behalf

of the Bank, to take up the whole loan for the Government

at par on conditions, viz:=)

on the following.

annuum

set The loan to be for $250,000 Hong Kong currency, at 5% interest per annum, payable yearly or half yearly, with a sinking fund of 1%, or $2,500 per annum, payable yearly - the loan to be made under authority of Ordinance to be passed for that purpose, and to be

secured by the General Revenues

of the Colony.

such cases. –

as is usual in

2nd The Government to

pay

to the Bank a Commission of 2% on the amount of the loan for all labor and trouble connected with the business to the Bank and placing the loan before

the public. -

3rd. The Government to provide the Bank with the loan bonds of $500 Hong Kong Currency

each, payable to bearer, with coupons attached - payments of interest...

Any other conditions

for the

a 2/

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