Lordship that after very careful consideration of the question I
I have arrived at
The conclusion that the -
necessity for raising a loan has not yet arrived.
I enclose for Your
Lordship's information
extract from
an
from some remarks
which I made at the recent
re-assembling of the Legislative
Connoil, which shews
upon
broadly the grounds upon
which I base
my
conclusion.
3.
Enclosur
15th Oct:
1891
3.
The financial position
of the Colony cannot be. - described as other than
satiefactory, and with
an
increasing revenue and an
expenditure
OIL
Public Works
$500,00
not exceeding #oooooo a year (which I find is the
average
expenditure for the last five years), I consider that it is possible that the necessity not arise
may
for a loan
tall.
4.
n
The re-letting of the
Opium