fell down
as
to the debentures issue, he will probably agree to the present proposal and issue Such Eligible Stock as per the writing of Mick Maracalao by this is great or basically Big Eser by this register and in this case I am
tition test. proposals. The
s that arises
2
sand confusion of
a
only par 12, for as they speak
new loan in 1918 (and in
pari. & they speak of raising the loan "on the lines
of the writing stock)
I infer that they intend to
Give the new loan
| 12 years,which is far too
short.
Minimum Currency of ours
I don't understand par 13:
So the Ordinance gives Authority to borrow up to £2 millions
it surely enables them to create Capital Stock
£2/100,000 plus expenses.
Avery
Call
J
the Loan do authorise
Fight
with the argument of par 3.
we ought
in our reply to decline to couple the responsibility for the failing the debenture Scheme on which this letter is based; and we might feel add
dit as
per your instructions to the Earl
on which the Ordinance is founded
Either
the L.A. and 3. Now last, they might have been criticising instead of waiting the war.
Sir M. Ommanney C.Pd.2
Dr.
1/2
7 Co.
I do not think that there is
real foundation
for I Pollute's difficulty. If the Governor
is authorised to raise money by debentures, he is, Junagie,
Authorised by Statute
to issue
a debenture
with the ordinary incidents of a loan. All the A. Aguits
the Loan do in
features of the
telepatte crave for his approval.
however,
I confer
that I was under
the impression that the Governor was to follow the usual form of ordinance, with a special repayment provision as the minimum change by this particular case. Taught to have made this clear in the despatch No. 38126-
As it is, the Governor has followed his
instructions.
But there is another point which I had not
difficultly foreseen.
He
General Loan & Subscribed Stock Act of 1893
secures the stock on the Revenue & Assets of the Colony - The amending Act leaves the debenture wholly unsecured.
If this is so, a debenture issue is impossible without further legislation. It
3/2
Page 464
fell dow
as
to the debentures isime, he will probably agter 6the present propone & isme Soch Eliget lichtopractor the writing Mick Maracalao bi biti s this is great or basica Bigeser dy this register and in this case I an
tition test. proposals. The
s that arises
2
sand correusion of
a
балери
only par 12, for as they speak
new wam in 1918 (and im
pari. & they speak of wriving the loan "on the lines
مقدم
Z
the writing stock)
I infer that they in lands to
Give the new ben
| 12 years,
which farm her of
Ky
short.
Minimum Currency of ous
I don't understand par 13:0
So the Ordin If gives Auctionl to borrow up & 2 millions
it sure enables them to crine Ceregte drill
5 2/100.000 plus expenses.
Avery
Call
J
میر نے
the won do authe
Fight
with the argument of par 3.
we ought
in our refely to dealine Couple the responsibiting for the failing the debenture Schenn which this letter kon on as; and we might feich add
dit as
hey your instructions to the Ear
-on who the Ordie is founded
Etherth
the L.A. an 3 Now last, they might have this criticising then insland of waiting the war.
Sir M. Ommanne C.Pd.2
Dr.
1/2
7 Co.
I do ust & lerick that there is
for
"
464
real foundation
for I Polute's difficulty. If the faueren
is authorised braise money by debentures, he is, Junagie,
Authorised by battle
a debuutuse
the ordinary incidents of a ime. All the A. Aguits
the
weed do in
шай
features of the
telepatte crave for his approval.
however,
I conferr
that I was wider
would
debenture
the impression that the faveren foss the usual form of ordinance, with a special repayment – provision beach the minemushance y this particular case. Taught to have? made this clear in the despatele in 38126-
As it is, the favereor has followed his
instructions.
deffically foreseen.
But there is authe which I abrades had not
He
Gueral Loan & Suscribed Stack Cut of 1093
recures the stock on the Revenner & Arrats of the Colony - The ammending Art leaves the debenture, whelly unsecured.
If this is so, a debenture essere in in possible without further legislation. Ito
3/2
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