.C.
In
far. 8.f
the
memo: M: Marsh states
"I do not table into
consideration the loss.
would
that the colony Sustain by the sale of its
debentures considerably.
below par if avrangements for a loan at
were made
An unfavourable moment &
یر
I Marchweser tobserve a sale much below
Frat
par
has never
been
contemplated and to
:
provide against an unja-
Nor
on
the loss on exchang
the remittances to
the interest nor
the Commission that is
be payable
d
the othe
attendant expenses..
A
-vourable market the
ordinance authorises
late
136
draft
interest not excee
-ding 6 percent, and
5
in all other cases
the from agente
would
use their discretion as
to the moment
the loan.
Attention is
of issuing
rightly
drawn to the loss on
exchange
on remittances
to pay interest, but
on the other hand the
advantage of the rouse
No comments yet.
Private notes are available after approval.