CO129-252 - Acting Governor Barker & Governor Sir Robinson & Public Offices - 1891 [12] — Page 541

adibantageous to the

Corial

Government to pay off the Loan

by instalments.

بست

The

Contributions accrue to Linking Fund rather than

to continue to invest them and

The sixturest repon them at compound interest until the maturity of the Loan, we have thought it right to bring the

matter wunder the consideration

The Secretary of State in onder

That The Government of Hong Kong

opportunity of reconsidering the question and of giving us authority to issue the mecessarg notice at the next dividend date. The 1st of March. for the commencement

paying off 9

The Loans.

of

mamag

of

Viime

have

I have the honour to be, Loi

your Obedient forvant

No.1353.

Sir,

Crown Aronts to Colonial Secretary Hong Kong

540

C.O.

18588

RECR

Red 19 SEP 31.

9th June 1891

By the terms of issue of the 4 % Loan of 1887 the

Colonial Government has the power to pay off the Debentures,

any part of them, by giving 6 months notice at any time after

or

the expiration of five years from the date of issue. The date

is the 1st March 1887 and consequently notice would have to be

given on the 1st September next if the Government desired to

commence to avail itself of its power of redemption at the

earliest possible date.

I have, Ac

(Sd) M. F. Ormanney

Sirs,

Colonial Secretary Hong Kon to Crown Arents

31st July 1891

I have the honour by direction of His Excellency the

Officer Administering the Government, to acknowledge the receipt

of your letter No 188/788 of the 9th ultime and to inform you

that His Excellency is advised that the power of redemption can-

W Goodman acts we: Seey-

not as yet be made use of.

sa

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