229
...
Hai giờ TỰ ĐỨC sodak bars need avad doldw
tadt mere and evnstreqze" tarit betaða I
*adtnom BI at .b ð nærð STOM Aesir and raffob end
-Tobay #l 'don' eft :atɗs "awarin Jom aadi songiroqxa" "yaɛ sɛndið all
.new jnemojata va odatnoosat wod sælussiqm of vidneraqqa bekli-
kad tallob sit to inefævtupo grifroša add* talið abba Tadiwi ək
zeven aan bræ (AORI,reďo±50 .NVII somia ON\I woled need ton
-dimo vɗaari mælitæk .** *18 dart ve of tenger I ."A\S of nesir
63LJE TO Viadenon2 aɗt bereken Sonstetet aid viitev of gait-
[[Iw Jk Tettel benolone add mor .notterrotat edawuodant sitiw
.0.1,800I (Itrga „nty no fe\I say star bnameh edt Jant nesa ed
KelW „naftah .M 118 yỏ nevly stab odt istia adtnom d no emolo
bnver ni ebam vizuolyɗo ɛaw di tremetate awo ya oś bIBN T
weit est to nuoma o evig of beatsonos Jon esw I ¡monumit
accurately te a sixteenth: nor to introduce technicalities of
exchange, such as the difference between Telegraphic Transfer
rate and demand rate, 'advance rate', and such like matters.
The demand rate had been hovering about 1/10 in April, 1905,
and had sunk lower, and every one was talking of the "2/4
dollar" at the time I wrote: facts with which Sir M. Nathan must
have been perfectly familiar, The enclosed letter shows the actual facts. The Telegraphic Transfer rate was 1/9¾ on 7th April, 1905, and the highest rate reached was T.T. 2/3½ on 19th November, 1906. The variation is therefore 50 d. in 19
months and 12 days; or, taking the extreme variation as it
affects a person paid in the Colony and remitting to England
by telegraphic transfer, the demand rate being higher
than the 'T.T. rate'.
11.
I said experience has shown that the utmost
concession a few tradesmen have made is a reduction of 5 per
cent. in their price. Again Sir M. Nathan says "experience has
not shown this" - and that "several important firms have re-
duced their prices between 10 and 20 per cent. since 11th
October, 1904". I do not know which these important firms are:
nor do I know anybody who does. The facts are, so far as I know
them, that at the time of preparing my memorial, two (perhaps
three, but I am doubtful of this) firms of standing in the
Colony had issued circulars stating that they proposed to allow a discount of 5% in consequence of the high rate of exchange.
Since then a few others have followed suit, and the discount
has been raised to 10%.
111.
My statement that 'so far as European trades-
men are concerned the price of goods has for long been at the
rate of one dollar to one shilling charged in England' is a
matter of experience: I had no desire to exaggerate: it may not
apply to all goods. Sir E. Nathan agrees that it applies to some, and so far as my experience goes I have not found reason to alter my view, which I knew many others share,
17.
ets
229
¡bec^sonos raw spiries elouw erit dotste mi Jaenatal oliduq jaerg
-ni ada dadi bezleab av to Ila delldw,soalq brossa ont ni baa
es ed blvora edaj? to visdenos8 edit of baliqqua rol:æeriot-
Jiseb etoeldua við Jarit bexlisən ila ew,oidiezog aa etsYKOOS
stew atost eɗt dans suudan a ovlanederquos ea to exev citie
bua coneiraque erið farið snoteradd brata deg of #Ivolttib
erið of studininos vingrai vidativoni dnum misubivibal to noiniqo
Isubivibni 20 molnige re somwitoque end II „bstíqque moi) MERTOJNË
miarreo binow di uaditsæk JM Tiê vď bied no to suoɗt mort bere77ib
Ja OVİTTS of worsobae bra world #raquos od vetteď need svari vi-
a siɔne nt marið gnidoatia viszem to beetani :molnigo JoerTod a
Jeriw to Bonsupernoɔ ni .dtist boog to draw Jaengum of as "Tonnam
Jant atata of Tz8aa9o9" sɗ blvoda ti dødt forget I betinado aan
vai bednovat toddler ren Lattoman va ni od børroter sfost edi
Snow Jud,noiniqo mwo y no vision benaď vedd Brew Ton
Jasrattib ni eigosq tram ridiw mnokřadíuanes to flugst ont
en down bɛw ynolod si't må gulvli to sonalraque enoɗw axelilɛog
.noltarshiagos o: noiniqu tient altitue of am of bemOSS
ajnomajade sút reblendo of beeoorg won I
..
Hai giờ TỰ ĐỨC sodak bars need avad doldw
tadt mere and evnstreqze" tarit betaða I
*adtnom BI at .b ð nærð STOM Aesir and raffob end
-Tobay #l 'don' eft :atɗs "awarin Jom aadi songiroqxa" "yaɛ sɛndið all
.new jnemojata va odatnoosat wod sælussiqm of vidneraqqa bekli-
kad tallob sit to inefævtupo grifroša add* talið abba Tadiwi ək
zeven aan bræ (AORI,reďo±50 .NVII somia ON\I woled need ton
-dimo vɗaari mælitæk .** *18 dart ve of tenger I ."A\S of nesir
63LJE TO Viadenon2 aɗt bereken Sonstetet aid viitev of gait-
[[Iw Jk Tettel benolone add mor .notterrotat edawuodant sitiw
.0.1,800I (Itrga „nty no fe\I say star bnameh edt Jant nesa ed
KelW „naftah .M 118 yỏ nevly stab odt istia adtnom d no emolo
bnver ni ebam vizuolyɗo ɛaw di tremetate awo ya oś bIBN T
weit est to nuoma o evig of beatsonos Jon esw I ¡monumit
accurately te a sixteenth: nor to introduce technicalities of
exchange, such as the difference between Telegraphic Transfer
rate and demand rate, 'advance rate', and such like matters.
The demand rate had been hovering about 1/10 in April, 1905,
and had sunk lower, and every one was talking of the *2/4
dollar" at the time I wrete: facts with which Sir M. Nathan must
have been perfectly familiar, The enclosed letter shows the actual facts. The Telegraphic Transfer rate was 1/9% on 7th. April, 1905, and the highest rate reached was T.T. 2/31⁄2on 19th. November, 1906. The variation is therefore 50 d. in 19
months and 12 days; or, taking the extreme variation as it
affects a persen paid in the Colony and remitting to England
by telegraphic transfer, 5 the demand rate being higher
than the *T.T. rate'.
11.
I said experience has shown that the utmost
concession a few tradesmen have made is a reduction of 5 per
cent. in their price. Again Sir M. Nathan says "experience has
not shown this - and that "several important firms have re-
-duced their prices between 10 and 20 per cent. since 11th.
October, 1904". I do not know which these important firms are:
nor de I know anybody who dees. The facts are, so far as I know
them, that at the time of preparing my memorial, two (perhaps
three, but I am doubtful of this) firms of standing in the
Celexy had issued circulars stating that they proposed to allow a discount of 5% in consequence of the high rate of exchange.
Since then a few others have fellewed suit, and the discount
has been raised to 10%.
111.
My statement that'se far asðuropean trades-
-men are concerned the price of geoda has for long been at the
rate of one dellar te one shilling charged in England" is a
matter of experience: I had no desire te szaggerate: it may not
apply to all goods. Bir E. Nathan agrees that it applies to some, and so far as my experience goes I have met found reason to alter my view, which I knew many others share,
17.
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