12
W
F
}
1
}
1
1
E
13
76
for first class investments exceptionally low with an exceptional rate of exchange which is favourable alike for raising the loan and for the remittance by the Crown Agents of such portion of the loan as is required for expenditure in Hongkong, and the facts that our balances are exhausted, that there is a deficit which must be promptly adjusted on the transactions of 1892, and that funds are immediately required for the prosecution of at least some of the public works extraordinary mentioned in the schedule to the Ordinance.
6. The conversion of our existing loan of £200,000 will, I presume, be undertaken after the proposed loan has been raised, and not concurrently therewith, but I am in doubt as to the intention being...
12
W
F
}
1
}
1
1
E
13
76
for first class investments exceptionally low
with an exce
rate of exchange which is -favourable alike
raising
for
the loan and for the remittance by the Crown Agents of such portion of the loan
ad
is required for expenditure Hongkong, and the facts
in that
our balances are exhausted, that there is
deficit which must be promptly adjusted on the
a
transactions
(
transactions of 1892, and that funds are immediately required for the prosecution
of at least some
of the
public works extraordinary
mentioned in the schedule
to the Ordinance.
6.
our
The conversion of
existing loan of £200,000
will I presume be undertaken
ter the
after
proposed loan
has been raised, and not
concurrently there with, but
in doubt as to the
being
intention
No comments yet.
Private notes are available after approval.