!
:
327
6.
It is calculated that on the average, buoys would
be used monthly as follows:-
A class
79 days.
B ·
136
C W
371 *
and I propose to impose fees of $8, $6 and $4 per diem for each
of the three classés.
This would produce monthly $632 for Class A,
$816 for Class B and $1,484 for Class C or a total of $2,932 or say $2,500 per mensem to be on the safe side. This gives an annual revenue of $30,000 per annum.
$250,000
Six per cent interest on the capital cost of
$15,000
sinking Fund at 2%
Recurrent Expenses
5,000
10,000
Total
$30,000
t
The scheme * therefore, is capable of being easily financed and
may even by increase of fees bemade a source of a moderate
revenue.
7.
I have, therefore, to recommend that a sim of $250,000 be provided as special expenditure, to be charged against balances in hands of the Government, for the capital cost involved and $10,000 for recurrent expenses e provided in the Estimates for 1915 and I shall be glad to learn your decis- ion by telegraph.
I have the honour to be,
sir,
Your most obedient,
humble servant,
Array.
Governor,ke.