உ
3
348
ther sum
further
required for Defence
Works was laid before the
Council by me together with the
Minute on
the
Enclosure 16th Feby.1886. Feby,
accompanying 197th ultimo . In accordance with
the usual practice the question
was then referred to the Finance Committee, who, in consequence of the large amount which it was proposed to vote, adjourned consideration of the _ question to a second meeting at which Colonel Walker, Commanding Royal Engineer, attended by.
request
request, and gave full information
as to the nature
of
the Worke in
progress. After very careful deliberation, the Members of Council, (with the sole exception of the Honourable F.D. Sassoon temporarily absent from
the Colon
Colony
being all present, the Finance
to the following.
Committee
resolution :-
agreed
The Committee unanimously recommend the payment of the additional sum of £60.375 now asked for, but they do so on the distinct understanding that this vote shall be final for the military and defensive purposes of the Colony.
The Committee are of opinion that, to pay this sun and complete the essential public works in progress, the Colony must borrow; and the result will be, that interest and the provision of a sinking fund will so cripple the resources of the Colony, that urgently needed sanitary works must, for the present, be left in abeyance. The Colony, being merely a depôt, without natural products, is unable to increase its revenue to any appreciable extent, and it will be impossible for any further contribution to be made for military purposes.
The vote of so large
sum
a