CO129-221 - Governor Sir Bowen - 1885 [4-6] — Page 136

auttorining

debentures.

Λ

the

-6. The mason

13540

1grounds

on which M: March

advocates a

temporary

a system of

advance &

are that the time is

conformerable for the

issue

ani

a

loan, but

by the

informed by

Crown agents

in

that the

Circumstances which

april

last. (the

at which the colonial

Secretary daw of his

I have nch lists Light of Mnfach that Mr Man

wrate during a picer of finanical pance.

rates were

ceptional

I have

high, and failed to observe The Dirulors of the New- were propond ti make reduction in then chan to mech falling but unless rales han

sollen Rossinently to

induce the Bank Zi 2 mis head of by pr for er advances it un clearly be more adim 2. Main laporan

sances in Londen

Z

date than in

Hapkang.

DRAFT.

MINUTE.

Mr.

Mr.

Mr. Wingfield.

Mr. Bramston.

Mr. Meade.

Sir R. Herbert.

Mr. Ashley.

Lord Derby.

135

Memorandara) Ar Langes

exist would have mili-

tated

a

Ja

against the Suckers loan, now the

no longer

exist and that at

the present moment a

loan could be raised at

4 1⁄2 per cent fossibly at 't per

at 4 her cent, nor is

it to be

ted that

expected

12 months hence it will

be possible to borrow

m More

reasonable

favourable tuns

than can now

be obtained.

I