47
As regards the suggestion
rate of
er the raising of the /allowance
capital expenditure met from his P. Cunliffe Lister as
revenue,
hạc heat ascertained
for
-tained from the frown Agents that the following are the approximate
average rates at which Colonial loans
have been raised in London since 1915:-
42 per cent.
1915 - 1921
more than 6 per cent.
1922 - 1925
1926
1927 - 1930
Considerable
no large issue made.
5 per cent.
his P. Cunliffe Lister
In view of these figures, Thomas
considers it not unreasonable to
assume that the Hong Kong Government
on the average
would have had to pay at least 5
loaus loan) fiad
per cent interest if a loan had
been raised to meet the capital
expenditure on wireless telegraphy
during these years. As it is understood
that the old allowance of 4 per cent
was based on the assumption of
interest at the rate of 3 per cent and
sinking fund contribution at the rate
of
No comments yet.
Private notes are available after approval.