316

and is ce

certainly

по

equivalent for the ricks

attacking to the system.

The importance of regard. ing safety

ао

the first

consideration in matter

connected with the

transmission of public

funds has been impressed

on me

than

more

ever

forcibly

by

the losses

and inconvenience

entailed on

several

Colonial Governments

by

by the purchase of bills!

of the late Oriental Rank

Corporation. There is

obviously

no

altemative

but to abandon

a

system

which is surrounded

with such

dangers,

notwithstanding that it

may

have had considera =

-tions of economy and

convenience to recommend

it hitherts.

5. In

arrwing

at the

decision that henceforth

the

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