Meeting of the Finance Committee held on Monday, July 10, 1922, at 4.30 p.m.
Loan 1922.—In a report submitted the Treasurer and Comptroller refers to certain negotiations with reference to the earmarking of Tls. 500,000 Debentures in the next public issue of the Loan. Hoe recommends that should a firm offer be received for the whole of this amount to be taken up within the next few months, it should be accepted and the amount of the issue be increased from Tls. 500,000 as already decided upon, to is. 1,000,000, a recommendation which is approved by members, who now learn that the party concerned will take up Tls. 250,000 immediately and the balance in September.
Municipal Investment Bank—Brokerage on Deposits—An application by the Shanghai Stock Exchange requesting that the present arrangement in regard to the payment of brokerage on single deposits of Tls. 10,000 or more should be extended to apply to deposits aggregating this amount made on the same day, is submitted and disapproved, members concurring that it would be inadvisable to alter the principle on which brokerage is at present allowed.
Meeting of the Council held on Wednesday, July 12, 1922, at 4.30 p.m.
Taverns Beyond Settlement Limits—Del Monte Cafe—Nursance.—The Secretary and Commissioner General states that he had an interview with representatives from the Del Monte Cafe; that he found them quite willing to do anything possible to abate the causes for complaint; that they had informed him of certain action which they had already taken to this end and of further action which they contemplated; and that as a result, he thought that it was reasonable to hope that there would not be any further complaints.
Text read from the printed page and cleaned; old type leaves the occasional error.