125
༼༡
transmitted to me in Colonel
Stanley's despatch of 2nd February
last was passed
passed in the Legislative
Council yesterday without division
out any alteration
and without.
The Finance Committee
after a considerable amount of discussion of the subject passed
on the 19th March last a resolution
to the following effect:.
"The Committee, although
" still thinking that, for many.
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reasons, it would be preferable
" to raise the money locally,
especially
We 21 You
21444
especially
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as there is reason to
believe that funds could be
obtained here at 42%, thus.
avoiding all risk of Exchange, nevertheless
loss
on
unanimously assent to the proposal of the Secretary of
"State that the Loan should
"be issued in London, provided that a 4% Loan can be issued not below par?
also on the 17th March the
following resolution :_
"The Committee consider
"that
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