operation has been entirely lost
sight of . if
had borrowed here
the Colonial Treasurer would draw
on wo, and in that case the prevaloned
of
a
low rate of exchange woordd
increase the number
wor
of
dollars at
his disposal, that in dealing with questions of intmed the remittances would be quite unsignificant in amount
should it be forgotten
Ao
compared with the drafts against
the Capital.
Commission and other
altondant expenses which Mr March
printing, Avertising Starifs
117
De
have not hitherts amounted to
1⁄2 per Cent making the total shange
for Commission and expenses thom
one
lezo
per Cent - No comparison
Can of Cotvrde
be
made between.
and
this pale and ordinary Banking charges for pimilar pervices, doubt the experience of
of
The Man
Mamager
the Stong Kong and Changhai
Bank
amply justifies his assertion that and
changer I
are
pecus.
· generally very
to me
are unsound in
out no
heavy.
that Mr Marsh's principles
prospect that
other
a
pray.
le holds
loan will not
be required within a short period, but he propose to limit the yeady expenditune
Works already
A
rega do
that he is able to estimate unable
Pay
would observe that the rate
of
Commission is laid down in the Cricular Derbatch of the Learetaing
Public delay
of
of the 31 Dec. 1863,
State
and that the Attendant cxpenses, vizit
printing
then completion,
commenced, i. a
to
with the pole object
of the loan till 1887,
of postponing the issue of the loan in the hope that this conditions may more favorable - No one can
.
forecast
be
ast b
this
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