that
Leasures accompanying
I have the
despatch.
honour to state that
Iny
despatch 8:50 of 25th
Fabinary
last
not
intended to direct that
the local balances should
be absolutely exhausted by
the and of
that
monly
the
year,
should be
prmitted home, merely
to
be put out
agam
almost immediately. The
object. to
be
ablamad
is
not the transfer
to
this counting of eums which
Ank
Likely
311
to be shortly
required to meet local
Expenditure, but
The
abandonment of the prac=
: tice which has prevailed hithrits, of accumulating
in the local Rants large
amounts of curplus balances. The risks attending
practice
that
Art
This
to considerable
the high rate of
interest obtained
deposits constitutes
on
the
justification for contring
to incur them, and
is for this reason
et
that
aph