452
and that there will not be
any
necessit to raise a ban. Une State assets on the general account were estimated for 18t
| Jan's 1882 at $736,000,
cash a
investments alone, bandes atte
d
Arrears of revenue &
not directly available.
Liabilities
other assets
He
the other hand,
course the amount
Sexcluding of course
dive to the Special Fund for ther
Praya wan ar
1
but meluding
"expesiditure in areas" & Every other liability, were only $161,000.
(
The balance of asset therefore, direct available
would be
1943.
$575.000 which
a tornuall
part would have to be kept
a
working balance.
The
cost of the Water works, however,
Encl..
to to be out
£105,000
207
$560,00
and long before they
are
piciend
the annual surplus will have
brought up the cash balance
to a suppirent suum.
میرا
$12,000
are
now paid to
the Spazo the Special Fund torefund other Praya
Loans
Lighthouse
I would # stop this and
existing
of the Valance gotin Special
use up
Fund for the water works. the
As the cost of these is greater then the total of
on hand this effect will be that the Water
Works will be partially
(indirects)
by that Fund, which will be