Inasmuch as the debenture stocks and preference shares would have to be redeemed in 1911 at premiums ranging from 3 to 5 per cent., the state would have to pay the company £253,000 in excess of the total of the outstanding securities in order to enable the ordinary shares to receive par, and in the council's view this payment would diminish the p robability of the Post Office being able to afford a substantial reduction in the telephone charges.
In October the rate of exchange was at par, the premium on gold had disappeared, and by the end of the year the budget showed a surplus of sixteen millions.
Hence it is referred to as "the Feast" par excellence (Heb.
The best of the New South Wales diamonds are harder and much whiter than the South African diamonds, and are classified as on a par with the best Brazilian gems, but no large specimens have yet been found.
The moon-god is par excellence the god of nomadic peoples, their guide and protector at night when, during a great part of the year, they undertake their wanderings, just as the sun-god is the chief god of an agricultural people.