CO129-225 - Acting Governor Marsh - 1886 [1-3] — Page 325

Z

pi

ant.

946182

4.

/0

telur the present prie

心

Ahing has als

abreaky

Imourd

(Comprarly) £28.000 and it

ordcarry Expenditures there driving Represent year with regime

further from of 2.5%. on

4

a total of £82.000

Making

Inis amment

Must be provided in fold and

it requires no arguements, to than that to low in silver hi

Whey

to pay jold in Londen would.

1r

a most costly operatem for He Governments, giving profil sales to the Bankers & Exchange Rockers this and by whom the

Scher would be converted inti gold.

He hathally

Mlangerunt,

Mr Mcade.

You

ask

321

to plate what

would be the effect should either

of

the following alternatives

adopted.

gold

bo

1. ₤100,000 barowed here in at 4 per cent. £100,000 in Angthong in Silver at 45'2 per cent.

11. £200000 borrowed in Silve at 4 per cent in Strughing.

111 - Jame

iii

ز

I except that he treal Silver lean should be

61⁄2 plant.

4 instead of

له

exohengd

1. The reply is that the part of the loan paised in Stoughing would cost the Colony, so long remained at its present rate, £500

a

01

year

as componed with loan here at 4 pofaut

charge would decrease

exha

This extra if exchange fall.