521
The only objections, apart from the undesirability of reducing at present the available amount of silver in the Colony, that I am aware of to the above course are that the contributors to the Praya reclamation fund deriving 4% interest on the amount to the credit of their contributions is bearing a lower rate of interest in whatever investment the Crown Agents may be able to find for it; and that, if exchange goes up, the number of their dollars will be reduced when the proceeds of the investment are brought back to the Colony.
Lu 17/43
In 9733/93
I shall be glad to learn whether the fees of the fund in the local banks, and that they will complain when they come to know that a portion of their dollars ...
Whether these objections must be allowed to prevail against the possibly greater security of an investment by ...
521
i
کجھ
The only objections,
- apart from the undesirability of reducing at present the available amount of silver in the Colony, that I am
aware
of to the above course are that the contributors to
the Praya reclamation fund
deriving 42% interest on
are der
the amount to the credit
their contributions is bearing.
a lower rate of interest in whatever investment the
be able
brown agents may
to find for it; and that, if
exchange goes up,
the
number of their dollars_ will be reduced when the
or
Lu 17/43
In
9733/93
Ishamed be glad to futan
The fo.
are
Mis-fee
of the fund in the local and to
· banks, and that they will on 973 complain when they
· to know that a portion of
come
their
Avey dollars
proceeds of the investment brought back to the~ Whether these objections
Colony.
must should be allowed to prevail
перез refaz in dollars
eng
against the possibly greater
security of an investment
by
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