CO129-365 - Governor Sir Lugard - 1910 [1-3] — Page 125

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Isnoltibha ne rittw‚arbini al Iantytro silt no 000,037ę to ma e

000,000,¿§ to anof sɗT .bumai virsoz odt no mane tag 000,088

yna nì bus 000,088,2° of hecuber að sono de 187otersit (bisow

tem ad of oval con blow 000,000,8% to azof sledw arft e8ao

to neol arið gatɛktenomab no amol etalbanel eft yleisi berunż

aa,hna 10'0 ̧008μI° ød vino bluow areblod eptai mort atoodem

to me s od binow eteɗt,SIque III beerdue Tobmu awodn

‚azol akát novoo neɗld exom bluow doliw bari of thɛat 000,005,23 000,085,$3 to wauf Itu adt tevoo tud Ila tost at bleow bas

east istot a to goliquebat arid taste sirtoon yine blow datde

.atosdue to 000,000,0$₺ to suisv

Bily sister of rsey vno adet vidadorų blwow #I

noltauitanomab art rot arshloff #grai dittw #‡Hoanga¶“8 VLAKBBɔart

Juo vud of away è oder age/^tegy van di bus :agniblod stødt to

eulay eost a to samfɔwuq art a. afgmoo on bas atahlon IIame writ

[Itw wa akɗt to notdesitenoreh sat

.ntoɔdua to 000,000,088 to

blaq ed oð sær dolche to Jeo :000,00,"I§ toeslav ten a biniy

raererni) 000,485,1$ mulq stanford flam 09 000,000,82 to mua a

.000,ass ̧s£§ alsupa (noitsuktenomab no erof),000,000、&* ■wiq

-aradt birow orest (renoon ton ti) taey .dfð eắt to bas sit ta

naof ent mort Jauhsh of 000,877,18 to me a sidaižava od stot-

¡O‹¤ ̧ASS,”3⁄4 to somsind bevreebernu na gatveof 000,000,$I) to

won edd no sltong) 000,08rž bezoubab radtrut ed taver dɔkila mort

issue of subcoin). There would remain, therefore, in the 7th.

year a loan of $6,474,000 and interest on this at 2% would only

be $129,480 per annum, while from it must be taken the sum of

$50,000 received annually as profit on the new issues of subm

-coins made. Therefore, after the 7th. year the vote for sub-

-coin would be reduced from $204,000 to $79,480 per annum,

sum of not much greater than the figure of $66,347.55 entered

in the Treasury books last year as being loss calculated at the

rate of 14% on the actual amount of subcoin received by the

Government as revenue. In addition to interest provision would

have to be made annually for repayment by instalments of the

outstanding loan of $6,474,000, the sum payable annually being

determined by the period stipulated in the loan agreements and this loan might be greatly reduced by the payments from the

Colonial Reserves, which could not be put to a more legitimate

purpose than the rehabilitation of the Colonial Currency.

of course,

I submit the foregoing suggestions in no

dogmatic spirit and the figures throughtout are,

tentative only; but I think that the solution of this problem,

unless it comes from China, will have to be sought on some such

lines as those now indicated.

9th. October, 1909.

(Sd.) C. Clementi.

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