or in result in vain loss both in treasury; but the only alternative course which I should be prepared to approve in that direction described in the last para. of my predecessor's despatch No. 222 of 10th October 1895, namely, to place the surplus in a vault Safe where it will earn interest but will be at any time free from the risk of loss owing to the foreseen changes in the rate of exchange.
The restrictions placed on the amounts of the bank balances are imposed not for the sake of profit, but for greater security and I have said above that there is no reason for modifying the instructions of my predecessor that the aggregate of unsecured balances must not exceed $350,000, whether that amount be divided between three banks or only two, as regards the sixth para. from
$
or in
result in jain loss botte bolory; but the only alternative
course which I should
be prepared to affrove
in that diction described in the
last par: of my predecessors dest
Sythe 10th
me 222
of
betober 1895, namely,
to place the surplus
in a lout Safe where
it will earn
interest but will
at
any
على عكمة
free from the risk
I
loxs
owing
to
the foreseen changes
in the rate of exchange.
The restrictions placed
in the amounts of the bank balances are imposed
not for the sake of profit, but $28
greater security
and
I have said abwe
Jace no reason.
for modifying the mistructions
of my predecessor that the aggregate
of unsecured
balances must
not exceed
$ 350,000, whether that amount be
divided between
three
banks.
89 a
а
only two
regard the
sixth far frour
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