Transmitting copy lr. from the court of Directors stating that the rate of Exchange for Bills to be drawn in repaym,ent of aduances by the company in indive for H.M,s naval service in the officecal year commenaing 1st may 1846 and terminating 30th april 1847 has been fexed with the concurrence of the lord commission of H.M's Treasury at 1/10/2 the company.

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