34
of silver. But the nominal amount of the excess
estimated revenue over.
of the
ordinary expenditure, #1195, precludes all possibility of meeting the cost of any Public Works extraordinary from
revenue in 1893. There
is one
public work, the Praya
reclamation, which the
Government is bound by_
law to continue, and to ~ provide a portion of the funds for
in its
capacity
of
496
of a marine lot-owner; and there are others which both
on economic and on other
35
grounds it would be most impolitic to abandon. The absolute necessity for
a
loan
is therefore patent, but on this subject I shall have the honour of addressing Your- Lordship separately in a_ confidential despatch.
13.
In view of the
somewhat critical condition
of the financial position of
the