59
sterling
a
certain
There that is to
per centage of the receipts say, if £166 had been
received here during
the
the month as the share
of the Imperial Government for postage this
Government
was
to take measures
bound by the next mail
for paying London, and in
that £100 and
So was
doing
released from all further liability in that
account. The
The Colony might
gain on exchange
but that
in
lose or might
discharging that liability.
the Colony
a matter affecting the
alone, and unconnected with it's duty towards
The Imperial Post
Office.
In proof of this I would point to
the omission in the whole correspondence
(establishing the Post
Office
on
it's present
a
feature of all allusion to Exchange
as
source of Revenue to Her Majesty's
and also to the indisputable fact
Post Office.
indisputable fact that remittances
Since that date have been made on a
different
footing from that which previously prevailed. whilst the Colony has been allowed to make the best terms procurable when remitting
money
to itself.
and to reserve the
Her
gain on Exchange
Majesty's Treasury however officers
other
grounds, and suggests that if the Colony be permitted to discharge a debt due
to the Imperial Government by payment of Dollars (at current rate of Exchange
now
per dollar) which could only be issued again at 4/3, a considerable loss would be sustained.
This argument
however would seem to
be deprived of
its force by its too comprehensive