CO129-221 - Governor Sir Bowen - 1885 [4-6] — Page 129

24

the $420,000

in Londos

were ravica

at sise % there would

be payable in 1887 interest on

$268,000 + $420,000 - $ 688,000=

30,960, plus

the loss on exchange

te

emilting the

interest

//.

Inc

Q

avaulage of Containing

the proposed systems of drawing

money from the Local Bank

#

Euring

a..

sendok

year is, it

will be

wrot

bee

observed,

20 great, full year's interest

=

will have to be paid

Vi

ette

:

13

128

Hongkong would not

could not lose by

a

@rutinua

wee of the

proposed

arrangement during 1887. The

question whether that arrangement

should be continued during 1884.

might be left to future consideration

The

Chief Manages of the

12.

Strugkong and Shar

aughai Bank

informed the

FrcazurRA

myself

с

today

thai

he han

been authorised by the Directors

that the Bank agreed

to say

wake

the

wvuey

advanced in 1886

aria

the ove

the rate

of this intere et

will be 6%

while t

in the

other

itis

aleaued

than life;

clear.

that the

that it will not be

but it w

GovernmeAK of

to

Government

proposed,

AAvaAALAS

Co

in the mode

and further

stated that

fre

in event of airy

reduction in the

Current

rate of interest, the Bank

vould wake

¿....

icdrieci ou

in the rate charged against

Houghing

the

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