199
and I do not know from what source this extra sum could be derived, unless a further loan were to be raised. I venture to refer to a return of the estimated Enclosure II.
cost of Public Works considered to be necessary which I laid before Council recently in reply to a motion. The total cost of works, in which the breakwater has been erroneously included, is $2,448,000 equal to £408,000. Say Two and a half million dollars, or three years' revenue of the Colony.
18 Jancs, &
Enclosure I 20 12 Feb: 1887.
If this amount were borrowed in addition to the loan already authorized, the annual charge upon the Colony for interest and sinking fund on the loan would amount to no less than $262,500 or one-fifth of its revenue.
I have been in communication with General Cameron on the subject of the most effectual obstruction of Kellett's Bank, and I understand that he is addressing