م حه شت
64
។
overdrawn for an indefinite
period. Such a
Quch a position
led with annually
coupled
recurring deficits appears to me to be a most
one
undesirable and undignified
for the Government to occupy, and one calculated seriously to prejudice the credit of the Colony. It
would also entail an
unjustifiable burden, by way of the interest on the overdrafts, on the tax-payers, which
which would be substantially diminished by raising a
loan.
4:
In the preseding
paragraph I have assumed the correctness of the
calculations
of the Committee, and the willingness of the bank to allow the Government account to- remain overdrawn for indefinite time. But the Committee has left out of account the contingency of
an
our