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intention in this respect I have forwarded with despatch No 8 of even date the necessary declaration as to such conversion, and a request to the Crown Agents to act as agents on my behalf. I take this opportunity of enquiring whether the Crown Agents have considered the desirability of issuing the proposed loan at 3% rather than at 3½% rate of interest.
Ceylon's 3% gold loan, I observe, stands at 74, and for the reasons given by the Colonial Secretary in his speech (Copy enclosed) on the second reading of the Bill, I think that there are grounds for hoping that Hongkong may be able to borrow on not much less favourable terms.
I have the honour to be, My Lord Marquess, Your Lordship's Most Obedient Humble Servant, William Robinson
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intention in this respect I have forwarded with despatch No 8 of even
the neces
necessary
my
ven date
declaration as
to such conversion, and a
request to the Crown Agents
in that
to act as agents behalf. I take this opportunity "of enquiring whether the
Crown Agents have considered the desirability of issuing the proposed
loan at 3% rather
than at 32% rate of interest.
"Ceylon's 3% gold lean I
observe
observe, stands at 74, and for
the reasons.
given by the
Colonial Secretary
Copy enclosed)
100py speech
in his
on the second reading
of the Bill, I think that - there are grounds for hoping
that Bongkong may
be able
able.
to borrow on not much
less
favourable
terms.
I have the honour to be,
My Lord Marquess, Your Lordship's Most Vedient
Humble Servant, William Robinigez
A
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