A letter from Candra Śamśera to H.J. Wilkinson regarding the establishment of funds for the abolition of slavery (CE 1924)
ID: HDNB_0001_0004
Edited and
translated by Axel Michaels
in collaboration with
Manik Bajracharya
Created: 2018-09-26;
Last modified: 2018-10-31
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Abstract
Prime Minister Candra Śamśera informs Hugh J. Wilkinson-Guillemard, the first British Envoy in Nepal, about the completion of the investment of 1,111,200 Rs for the Slave Emancipation Fund.Diplomatic edition
[3]
13rd September 1924 1My dear Mr. Wilkinson2In connection with the subject of the creation of Trust
3Funds as per my letter of 30th July 1924 I have the pleasure to inform
4You that the investment for the Slave Emancipation Fund is now
5complete and I hold on that account 5% Income Tax Free Loan
6repayable 1945-55 for the face value Rs 1111200/- (eleven lakhs
7eleven thousand and two hundred Rupees). The procedure followed
8on a previous occasion which was referred to in my said letter was
9that the securities were sent to the British Envoy endorsed in
10favour of the Trustees of the Funds in their official capacities
11to have them enforced for payment of interest at Nepal (British
12Legation) Treasury and that on the return of the securities so
13enforced the Trustees endorsed them in favour of the Government
14General in Council for conversion into stock certificates. Will
15you please let me know whether the same procedure would be
16in order in the present instance also, or there is any shorter
17way to get the stock certificate; As the securities are free
18of Income tax the quantities of obtaining remission of it in them
19does not arise in this fund. The arrangement for the
20realisation of half yearly interest in the stock certificate
21is the same as the previous endorsement funds i.e.
22the interest warrants are to be received by the British Envoy
23for the time being to have the amounts thereon paid through
24the then Prime Minister Nepal to the Trustees in the official
25capacities.
26The purchase of 3 1/2 Percent G.P. notes to constitute
27the Great War Memorial Tri Chandra Hospital Fund is also
28expected to be completed soon. The procedure for obtaining stock
29certificate for the Fund and arrangement of drawing the
30interests due will be the same as for the Slavery Emancipation
31Fund. The only difference would be that the interest on the
32securities of this Fund should be arranged to be free of
33Income Tax.
34I am with kind regards
35Yours very sincerely
36श्री Chandra.
Synopsis
[3]
In this copy of a letter, Prime Minister Candra Śamśera informs Mr. Hugh J. Wilkinson-Guillemard, the first British Envoy in Nepal, that the investment of 1,111,200 Rs for the Slave Emancipation Fund is completed and that it has to be repaid between CE 1945 and 1955 at an interest rate of 5 % free of taxes.
Commentary
This document is part of a the correspondence between Candra Śamṣera and Hugh J. Wilkinson-Guillemard, the first British envoy in 1924-31 regarding the establishment of an Slave Emancipation Trust Fund. For related documents, see HDNB_0001_0001 to HDNB_0001_0010 and so on.