CO129-261 - Public Offices & Others - 1893 — Page 46

CO129 Colonial Office Hong Kong Records 理藩院香港檔案 All AI Reviewed

tanked among investments of the highest class, while Hong Kong is known only by its single small issue of four per cent debentures. Moreover the Ceylon three per cent Stock was issued during a period of great inflation and, even then, was not placed without some difficulty. Any considerable further issue at the present time would undoubtedly depress the stock to a figure which taken as a basis for estimating the probable result of similar issue for Hong Kong would give a price at so great a discount as to leave saving in interest, as compared with a 3½ per cent Stock at par, altogether insufficient to compensate the Colony for the loss in repaying the debt.

3. The Conversion of the four per cent debenture loan into the new Stock will be taken into consideration as soon as we have secured a Stock Exchange quotation for trade.

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2026-05-27 06:59:55 · NVIDIA / meta/llama-4-maverick-17b-128e-instruct

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44 tanked among investments of the highest class, while Hong Kong is known only by its single small issue of four per cent debentures. Moreover the Ceylon three per cent Stock was issued during a period of great inflation and, even then, was not placed without some difficulty. Any considerable further issue at the present time would undoubtedly depress the stock to a figure which taken as a basis for estimating the probable result of similar issue for Hong Kong would give a price at so great a discount as to leave saving in interest, as compared with a 3½ per cent Stock at par, altogether insufficient to compensate the Colony for the loss in repaying the debt. 3. The Conversion of the four per cent debenture loan into the new Stock will be taken into consideration as soon as we have secured a Stock Exchange quotation for trade.

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44 tanked among investments of the highest class, while Hong Kong is known only by its single small issue of four per cent debentures. Moreover the leylon three per cent Stock was issued churing a period of great inflation and, even then, was not placed without some difficulty. Amy considerable further issue at the present time would undoubtedly depress the stock to a figure which taken as a basis for Estimating the probable result of similar issue for Stong trong would give a price at so great Char a discount as to leave saving in interest, as compared with a 31⁄2 per cent Stock at par, altogether insufficient to compensate the Colony for the loss in repaying the debt. 3. The Conversion of the four per cent debenture lown into the new Stock will be Eatrice into consideration as we have secured. as soon a Stock Exchange quotation the for rade

2026-05-27 06:59:55 · Baseline

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tanked among investments of the highest class, while Hong Kong is known only

by its single small issue of four per cent debentures. Moreover the leylon three per cent Stock was issued churing a period of great inflation and, even then, was not placed without some difficulty. Amy considerable further issue at the present time would undoubtedly depress the stock to a

figure which

taken as a basis for Estimating

the probable result of similar issue for Stong trong

would give a price at so

great

Char

a discount as to leave

saving in interest, as compared with a 31⁄2 per cent Stock at par, altogether insufficient to compensate the Colony for the loss in repaying the debt.

3. The Conversion of the four per cent debenture lown into the new Stock will be Eatrice into consideration as we have secured. as soon a Stock Exchange quotation

the

for

rade

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