227
Lara: 4
where he speaks of any surplus value of
surrendered lands being "credited to the Imperial Government", and
the proposal
of
in Your Circular of June 1890 being a leaseely
Casa : 6 . legitimate way of improving the Imperial
"finances" indicate a complete misunderstanding
In no case would any
of the Circular.
portion of the value of the lands be credited
to the Imperial Government"
Nor would
Imperial finances be in any way directly
improved or affected. The credit would be are liable to provide
to Colonial funds, which
lands and buildings necessary for the defence
of
the
Colony,
and
direct gaan
any surplus would be a
to Colonial revenues.
10. If this system does not recommend
itself to the Colony, the Secretary of State for
Was is quite willing that the alternative system referred to in paragraph 7 of
paragraph of of the Crculat
(7).