CO129-336 - Governor Nathan & Public Offices - 1906 [11-12] — Page 556

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kan menggung kann da postana (AALISUSTA DESIRINGENİU „KAMAD-

96 A

ong Kong.

Sir,

Crown Agents to Colonial Secretary Hong Kong

17th May 1906.

Hong Kong.

550

I have the honour to acknowledge the receipt of

your letter of the 7th April No.9261/06 Confidential and

to inform you that we duly received the sum of £24,750 on

the 7th May and we placed the amount to the credit of the

special Account which has been opened in connection with the

interest and repayment of the principal of the Loan issued

on account of the Colony in respect of the Loan to the Viceroy

at Wuchang.

2.

we do not know the terms upon which these remit-

tances have been made but the course which has been adopted

of remitting the amount to us by Bills of Exchange instead

of by Telegraph Transfer has involved the loss of a month's

interest on the amount, and, since the interest on the Stock

which has been is sued is payable on the 15th April and

15th October in sach year, the adoption of this course has

entalled the provision of the amount required to meet the

Stock interest in advance of the remittance.

3.

we would suggest that if possible future remittances

should be made to us by Telegraph Transfer, or better still

that it should be arranged that the Chinese Government

should make payment direct to us in London.

4. The last instalment of the 3 per cent Stock Loan

is being received to-day and it is not possible until wa

know what the discount on instalments paid in advance and

the interest on overdue instalments amount to, to deter-

mine exactly what will be the condition of the Special

Account

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