The Treasurer and Controller has reported to the Council certain particulars regarding the recent per cent. Loan issue of $5,000,000, The subscription list was opened at 10 am. on May 1, and closed at noon on the same day after the reservation of an amount to take care of outport applications which otherwise would have been shut out owing to delayed instructions or Inteness of mail An allotment of $1,000,000 was provisionally earmarked " to supplement the Investment position in respect to Trust and Sinking Fund provisions but as the actual sub-Seriplions to the Loan totalled $4,547, 000 the amount available for "that purpose was reduced to approximately The folal number of applications received was 98 and of these 60 were in respect of amounts of $10,000 or Tess, The subscriptions to the Loan were classified og follows:—
Subscribers by Amount Nationality Subscribed Chinese 52,125,100 American 532,500,
Text read from the printed page and cleaned; old type leaves the occasional error.