17
ment of the 26th October,
1922. He asks the Government to
look at and deal with the proposal on broad lines, in particular to have regard to the great difficulties, many of which could not have been foreseen, experienced both by
the Government and the Company, which brought about the
increased cost over estimate. Further submissions by him
are that, if the class of person could afford the whole
increase it would be another matter, but the idea of the scheme was that the presons to benefit should be those with limited means who could not hope to own houses of the kind contemplated if left to their individual efforts; that nearly two hundred and fifty houses have resulted, all rateable property; and that the scheme can be regarded by the Government, the subscribers and the general public as
a success and a benefit to the Colony.
The Committee, without expressing a definite opinion as
to the Company's contention as to the reentry, can and does report that the Company has a strong case. Furthermore the
Committee recalls the time when it was feared that the
scheme could not be completed, also the time when the
Government was in doubt as to whether the subscribers
could, in view of the burden of their expenditure and the
then ✓ class involved, be called upon to pay the balance of prem-
ium, some $300,000.
In all the circumstances and after careful consideration!
the Committee recommend the Government to grant relief to
the extent applied for, namely $104,083.-say $105,000.- on
the following terms:
The subscribers to contribute to a fund to be held, kept
and controlled by Messrs Johnson, Stokes & Master.
When the fund, so subscribed to, reaches $105,000, the
Government to contribute and pay a like sum to Messrs
Johnson, Stokes & Master.
The fund so augmented to be held and controlled by Mescri
8.