CO129-218 - Administrator Marsh Governor Sir Bowen & Others - 1884 [11-12] — Page 24

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would have been only reductim of £10 to be made, for brokerage & the cost of a telegramen, leaving an available credit of £9990.

5. But as the object

of the exchange operation

Was

to furnish the Agents money funds with a particular can,

^

it

is obviously useless to compere one operation, by which they would obtain £ 9860.4.1 with another which would

place at their disperal £999e. gggo.

the latter omn

6. To have placed with the Agents, with discount

at four percent explaye at 349

would have con

21

the Colony #$54,346

as will be seen

Is the

enclosed statement,

fromhed time better frown Agents whereas the cost of doing so by

the sale

Ja

bill here

with exchange at 3/8,

would have been, th $54,231

ایک

635

7. Bills sent from the Colins are frequently not

den informed.

discounted & a more

f

correct way of ereiving

relative merits of

the

operations would be to

the

breat the billy sent home

being

allowed to arrive

at maturity, which would

be 51⁄2 months from the date of purchase in the long.

Thus