CO129-223 - Governor Sir Bowen Acting Governor Marsh & Others - 1885 [11-12] — Page 17

sight of the first advantage of

borowing in gold,

avoid

Q

possible loss

advocate a

very

and in order

to

hence

1 year disadvantageory arrangement

at the present time.

The Finance Committed apparently that it would be

aw acord

Q

very costly operation to borrow in Silver in HongKong to provide gold here, this objection it should be re-

a

Considerable

-mombored could apply to portion of the $400,000 to be paised, but the Committer does

not take notice of

the greatly

increased nimber.

of

Bollars which

the present low rate of exchange

would enable

Kong for gold.

to place in Hong

A considerable amount being

: required here and the present easy

Cesurs of remitting from here to Hong Kong point conclusively to the advantages

in that case, the'

with how t jenih mne

I Mars

thay sold interest

in sugland, the

bulth of the supe being band sine Athair will b laid down in

Ikony with the

pinner of the Lear

fall in wher

while the

the tear are

of negotiation in London rather than in Stongkong :

there is to be

a

and

unless

further considerable

fall in the value of Silver, erlich

is of coura

possible, there is

to recommend the course

the Committed.

by

The question

whether

20-2-1

is nothing

advocated

chan

for

decision

منذ

immediate and certains

loss is preferable

The play posible

with rather be man

Junne

is a

orre

distant or

The Finance Committed.

prefer the immediate loss _ I think

Larger gets that their views are wrong.

sten fall in when in

grain

the promos (the hom

sime so fructed L Zitame an Imade

-

In their 2nd resolution, the Committed

recommend the issue porn the Treasing

the other way for th Stinghing of I per Cant Debentures Sivs. mys that and add "thus avoiding cost

interest hit is

is in the ambay

the furlum.

Ru

on

or

kind as well

" Commission of coery the risks of loss of exchange. Colonel Stanley's despatch

Now

the

of

30th June last informed the Jovernor that we could bonow here at 41⁄2 - perhaps 4 per Cant, that the Commission

the issue of

Oc

loan bere would be 2ft ben

16