which justify their repayment being spread
over a considerable
period. Therefore in a General Loan Ordinance it is thought best to
Name
Rate of
a
o
Linking Fund
implies a long period of repayment
rth which yo forthis, but
X
as the terins
Each issue are
Frach
Las
left
open, and the general.
revenues & assets of
Colony
are
the
specifically
pledged to make good any deficiency in the Sinking Fund, there is
nothing to prevent a
shorter currency being
named in the advertisement
134
of any particular issive.
The usual course
adopted by the from
Agents is to make the
Stocks redeemable
absolutes at the and
to
of 50 years, but t give the fovemmen power to redeem them
time after
at any
25 gears, on giving
six
the
month's notice j being to swath objects the fol foose to profit by any improvement in its
credit, rither by conversion
by
a redemption. This isa
A
matter which should
W
be
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