CO129-223 - Governor Sir Bowen Acting Governor Marsh & Others - 1885 [11-12] — Page 18

17

ar

with

an additional cost for Printing bonds and other tik pinilar expense_ So that to avoid commissions

the cost announting to 'n per Cant. of printing bonds whether ifred here or in ItongKong being in both case inevitable it is proposed that the

Colmy shall pay at least 'n perhaps 1 per cent per Commun

in

the

and during the chole currency of the loan.

The 3rd evolution of the Committed. can hardly I should think have

I have been put forward percourly [phoon that the Colony proposes to free itself from a single payment amounting to 10% per cent by assuming a charge of 10%

*

for Caut per annum för

g years

on

OL

the amount.

F

£1

uber.

Iran, but how the raising of loan in Stong Krong would add to the Resence of the Colony in Stamp duty it is not easy to

aazy understand, peeing that the Stamps

duty must be paid from Revenue

Cotra

before it

As regards

be received

ол

Revenue. the

the redemption of

Debenture, I would observe that the period must be governed by the amount the Colony is prepared

to pay, and my draft Ordinanced

elight alteration could with

very

OL

adapted to Linking fund-

2

of all information

ao

to the viccs.

of

bo

4 per cent In the absenco

or

the subject

the Colonial

Government I followed the usual

Course of

a

One per cent Linking

fund, but if ten years many

assailed be taken

as

Or

as

generation

in Hong King, the lean should be

50 loan, raind as

OL

2.0

the Colony to pay off

would he be able to

its whole debt

any

time after five

yeau by giving the necessary 6 months.

notice of

arr

sistention to do po

could postpone repayment at its option for 20 years -

The Chief Justice puts forward another,