}
62
3
the proposal to raise a loan to meet the cost of the Public Works extraordinary
in Wongkong.
I have
already expressed my
inability
to coneur in
the views expressed in the report of the Committee appointed to report on the proposal, but I think it well that I should now briefly submit for Your Lordship's consideration statement of the reasons
why
a
No140 of 19th April 1892.
Guy 103013
i
I
why I am unable to adopt those views, and why consider the early raising
of the loan which I have suggested a matter of urgent necessity
2.
I am of the opinion,
which I think will ber shared by Your Lordship,
that as a
general rule the cost of large works of permanent public utility should not be wholly east
upon current revenue, and
that