The Sterling portion of
shanty
л
the hind also ft. include the proper equivalent with compound interest 5. He
dollar contribut as
these contributors..
57
b. Probably the Officials
to possess in
their books
or cd easily make out
a complete record of each
hast Sterling control", & of Each dollar contr of the
haid in the past, but Ithink it was be require a good deal of
calcul? to get the
proper equial is in Sterling of the earlier dollar
contribs
of the Sterling,
contributor
Za still
complicated
more difficult calcul
to work out the compoun
now
sterling member
Mr.
Mr.
interest
on
the several
Contrib no
When it is
sterling
remembered that those/ Competitions have been. credited in dollars,
DRAFT.
MINUTE.
Mr. Just.
Mr. Antrobus,
Mr. Cox.
Mr. Lucas.
Sir F. Hopwood.
Mr. Churchill.
The Earl of Elgin.
800
at rates varying from
month to month, the carle dollar contrib wd have to be converted into Stecting at ratés
varying from
to month
$
month
When we first
began Sterling contrib"?
we decided to retain
on
e fund in dollar.
instead of having divo
funds, one starting
스
The other dollar, maink,
because the fund being Already
a small one.
ما
dwide it into two, wat
create tivo still smaller
funds, thus increasing
of one
the reak
other of the Funds
becoming temporarily
moolvent..
there fore, I
Personally
shional,
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