124
Aud) if absolutely necessary (which I
do not think it will be) this amount might be still further increased? > by effecting reductions on public works proposed to be executed this
extracti
The
year?
expenditures ou
ary public works during 1886 might be limited to $400,000, to be divided belawn Sanitary works
and the Tylaw water works . The Completion of the Military defences estimated at $ 52,000 and of the Central School estimated at $10,000 night fairly be charged a grinnat current Revenue, supposing that
100
o provixion is made in next year's Estimate
interest.
d ou
fund
for.
be neces
and sinking
proposed loan.
Ou this's basic it would
ecessary to borrow) during
the
Year
1886 a sum of about
$265,000 or spreading the expenditure
of $400,000 over the whole
year?, rather less than $33,500, will be required monthly. Now the balance oftweets will meet the first four monthly payments of 1886.
A
et suggestion made by Mr. Carvalho, (per Clerk of the Treasury) that arrangemnits might perhaps be made with the Hongkong and Shanghai
Bank under which the Government
would be allowed; to overdraw, it's
current account at the Bank, paijing interest only
the darily debit baliances, has been carefully considered) by the Frea eurer (elly Lister)
་ ་་་
it
་ ་ ་ ་། ། མ་ ་ ། amyself
aud
we recommend
if for approvals, during the
1886 at any
year
rate.
St
the