A K
say £50,000.
376
The balance of £60,000 on the first instal-
ment would all be required before the 2nd. instalment be-
come due on October 6th. 1907 and it would be difficult to
tell the Crown Agents accurately beforehand when a small
advance from that balance would be required.
5.
The payments for the railway in the years
1908 and 1909 will exceed the amounts of the instalments
received in those years and the excess will have to be made
up from any available excess of assets over liabilities and
and by over-drafts on the Bank or advances from the Crown
Agents which would be repaid from the instalment of 1910.
In the meantime interest on these over-drafts or advances
as well as on the withdrawals from the special fund, will
have to be provided out of general revenue.
6.
If the proposal contained in this despatch
is concurred in Your Lordship will doubtless cause the
Crown Agents to be so informed.
I have the honour to be,
My Lord,
Your Lordship's most obedient,
humble servant,
Marathon
Governor,&C.