of purchase of the stock for Linking Fund purposes on reference with Advantage the Colonial Treasurer from buying under $100 the stocks for which, at the date of redemption, it will have overy
100.
Mr. Fairfield
T.H.O.
2872
It is all of outward that the Legislative Council passed the bill on "the understanding that par (in fee. 5) price of "issue", whereas it means par.
Members of The Unofficial Council will consider it a breach of faith if the bill is assented to without being referred back to them. Notwithstanding, I think it must be assented to at the Foreign Agency instructed without delay, and the Governor must be asked to make some kind of apology.
Sir M. Ommanney tells me that there is a very good chance of issuing a loan within a week or two. Sanction & instructions be sent.
I have talked about their 15th. Mr. Ommanney and he think that nothing need be said about it.
When the misunderstanding is officially cleared, the Council understand that they are not required to repurchase.
Tell him in confidence, the misunderstanding only relates to the limit of price, and we expect the promoters to repurchase at a high price, and in no case under par.
The Council will go off 2/3 time. Agents Members are urged to use their discretion and should not be swayed by their following the market as considerable buyers would defeat their object.
Page 60
of punclease ofthe stock for Linking Fund purposes hon reference with Advantage the Colonial fish. Denier from buying muder 100 the stacks for which, at the date of redemption, it will have opery
100.
Mr. Fairfield
TWHO.
2872
It is all of authward that the
on
Legislative formeil passed the bill " "the understanding that par (in fee. 5)
price of "issue", whereas it means
11
Means
of The
members
the
par 9 Lion. The Unofficial will consider it a meath of faith if bill is assented to without being referred baeth to them. Notwithstandi
I think it
Notwithst ding must be assented to at the frown Agenio
instructed withon!
delay,
and the governor
must
of apology.
be asked to make some Hind of
Sir M. Ommanney tells me that there is a ve
the loan advantageone's
good
chance
g issuing
a week or tur
Sanction ? & instinct bepent
I han lathe abut their 15th M. Minanney.
and he think that nothing need be said alents
Fn75R. Many is bred Mielily went
er
"Pa"
When the Missunderstanding officially. The (uncil understand Hant to Borets kan tot repai's
Tell himin it fra nive Confidend
derfest plain
The missuper standing only
as to the limist of price hland Weech the prom
wh a my high price, and in no case
uty indore.
Agents reight repurchase.
The Crace will go off
2/3
time)
this Agents Membe
z uorig
their discreten shew
Undise was
nying
impar, as thee my fact by
their foing with the machet as cruviderable object.
Rosy buyers would defeat their or
༡、
60
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