be peaked as
a
Colony is in debt
special fund, the
this
Department £5386.
If we invest £11,750, as restricted to do by your letter,
we shall leave
a balance of about £2614 -
an actual balance
of debt.
Of
the general
Account of
£5386, and
special
balance of £8000
Account.
The investment when made
might
be in
South Australian
Government 4 per Cent Debentures.
The Securities of that Government having been included in the list of first-class Colonial
Government
Securities
sanctioned by Treasury
letter
of
the 2nd October 1869,
and Colonial Office letter of the
20th
of
the
same month.
I have the honor to be,
Sir,
Your Obedient Servant,
W. V. Guernsey
Page 49