CO129-374 - Public Offices & Others - 1910 — Page 36

Sir. 3. Lugard, though he

Dispored to think

Thank the

question might be reconsidered

at a later late

if

He

Berangst situation of the

farmabl

Colony appears to demand

ircumstances

the allock more assuring.

Adi

). The Lord Comm?, however,

will have obensed from

the melommer to for 2.

Lugardé desp

rumber & note

that the

circulation is greatly

is considerably bis then

is agwired of the community;

and that thy stand at

3/1⁄2 to premiin

legal tender.

M

It will be (M' Thomson's menti

that in som 1900

25.12.06

in 35745).

Loro tune has no doubt

Hat T.L. will agree with hein in thinking that it is highly anderhalle, that the notes wind by

the banks shd stand at a premium nur legal, linder, and that

the

community happer auring

P

J.

met.

in perfectly

34

rature of the the west fnotes issued

The Banks

ما

1 the

number rate & their

paid up capital.

$5,900,000..

syno

In views

the fact that the two Banks which has the privilege & sisunig notes,

t

are compiles to deposit

with the sout

while

Dollars to the value &

the

exare vroue

is not

hovitime.

it

per bathe that to rxfect to kale adejoate further assis Lance cap

them to remedy

the situation be expected from them.

table it

intering an

so this matter Expensive excen

8.

Canbe

here cires Lord

Cand is & opinion that

the best course inte be to

grant to the Mercantile