CO129-330 - Public Offices - 1905 — Page 228

H.Kong

38127

ALL COMMUNICATIONS

TO BE ADDRESSED TO THE

CROWN AGENTS FOR THE COLONIES,

THE ABOVE REFERENCE AND THE

DATE OF THIS LETTER BEING QUOTED.

TEL. ADD."CROWN, LONDON?

PREA

REASING

Sir,

222

C. O.

38127

IREC

CA

PRINT

en

FOR 196

Lustern

88

2907

CLONIAL

OFF

Hong Kong

[REG! 27 001 05

WHITEHALL CARDENS,

LONDON, S. W.

26th October

190 5

In continuation of our letter of the 9th X

instant, I have the honour to enclose for the information of the Secretary of State a copy of the account which, together with the vouchers, we are forwarding by this mail to the Governor of Hong Kong showing the result of the transactions which have taken place in connection with the advance which we have made to the Government of Hong Kong in order to enable the Colonial Government to make a loan to the Viceroy of Wuchang.

2. The cost of the transmission to New York of the equivalent in dollars of £700,000 for payment to the Chinese Minister there has been £783.7.6. the rate obtained averaged 4.85% and the dollars paid over amounted to $3,699,156,25.

3. As we informed you in our letter of the 9th instant the charge of our agents for transmitting the money was 1/16 of 1 % viz. £437.10.0 while the interest on the advances which we made at Bank rate, in order to enable the various remittances to be made prior to the 6th October, amounted to £582. 3. 6. Against this however our Agents have allowed interest at là % for the period the nder Secretary of State

Colonial Office

money

1412

*ho.36010.