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There was nobody else in the shop. Rachel had foreseen his question. She answered calmly: "Yes. He's quite decided that on the whole it'll be better if he doesn't put his money into debentures." There was no foundation whatever for this statement; yet, in uttering the lie, she was clearly conscious of a feeling of lofty righteousness.
She faced Thomas Batchgrew, though not with a tranquillity perfectly maintained, and she still enjoyed his appreciation of her, but she did not seem to care whether he guessed that she was lying or not. "I'm sorry, lass!" he said simply, sniffing. "The lad's a fool. It isn't as if I've got to go hawking seven per cent. debentures to get rid of 'em and in a concern like that, too!
So serious had been its effects upon the economic conditions of the province that mill-owners, forwarders and merchants had been ruined "at one fell swoop," that the revenue had been reduced by the loss of the canal dues paid previously by the shipping engaged in the trade promoted by the old colonial policy of England, that private property had become unsaleable, that not a shilling could be raised on the credit of the province, that public officers of all grades, including the governor-general, had to be paid in debentures which were not exchangeable at par.
Linley, to raise the sum of one hundred and fifty thousand pounds, by the means of three hundred debentures, of five hundred pounds each.
You cannot afford to absorb the inevitable shrinkage in the values of all commodities when the show-down comes. However, there is a new issue of South Coast Power Company first mortgage bonds that can be bought now to yield eight per cent. and I should be very much inclined to take a chance on them, Farrel. The debentures of the power corporations in this state are about the best I know of."
Another thing for improving the resources of such classes, would be the issue of small debentures on land, railways, and other kinds of property; these debentures to be registered in such a manner as would admit of legal recourse without the tedious and expensive forms now required to enforce their liquidation.
The rise of industrial wealth in countless forms has brought in a competitor which has generally more mind, and which would be supreme were it not for awkwardness and intellectual gene. Every day our companies, our railways, our debentures, and our shares, tend more and more to multiply these SURROUNDINGS of the aristocracy, and in time they will hide it.
In a few days, any scrutiny might be made of the securities lodged at the County Bank, and assuredly among them would be found those debentures, those gilt-edged securities exactly as they appeared in the ledgers. Yet Mr.
These certificates or debentures to be used to pay running expenses when the revenues do not meet the expenditures. These preparations were distinctly war measures, and would be put in operation only should war occur. April 13.
Within a month the circulating debentures were withdrawn, the pre-emptive right of the Crown over native lands resumed, the sale of fire-arms to natives prohibited, and negotiations with Heké and his fellow insurgent chief, Kawiti, sternly broken off. The Governor set to work to end the war.
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