12
13
One
of the signatories of the report, Mr. Whitehead, who is
also the m
manager of the
Chartered Mercantile Bank,
has recently represented to sue that money is so searee in the Colony owing to
continued commercial losses that the marine lot owners in the Praya reclamation scheme will find it most difficult, if not impossible, to raise the funds necessary
to enable them to meet their
obligations
67
obligations under their agreements; and I shall be obliged shortly to address Your Lordship on the subject of -
that scheme.
6.
necessary
It is imperatively
to adjust the
accounts of the
of the Colony
as
pointed out in my despatch
40% 1: 156 of the 3rd instant, and
This is
Can
Japparent defiant I we have
this means, in the absence
of.
a loan, the increase of
net south the deficit this year by —
the proposals
m11503
Ausafir
some $170,000.
។