16
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stress the inadequacy of the salaries at present paid to the staff. The Governor pointed this out and gave it as a reason for expecting that,
even if the loan from Govt. and the interest and
sinking fund charges were reritted, the school
would still be likely to approach the Govt. for
further financial assistance.
The letter from the Church Assembly in fact
merely amounts to a strong plea for the cancellation
of the unpaid balance of the loan, together with interest and sinking fund charges. No new
arguments in favour of such cancellation are brought
up.
I fear, therefore, that the request of the
school for the remission of loan and sinking fund
charges must be turned down.
? Inform the Governor that the petition of the
school authorities has been very carefully considered but that the S. of S. is impressed by the view
of the Retrenchment Commission that the maintenance
of the school in its present building and on the
existing site is altogether beyond the resources
of the Managing Committee, and by the Governor's
contention that it would not be desirable to accord
to a single institution the financial management of which has not been wise] such exceptional
treatment as is now asked for. Express a hope
that the way may be still open for further
negotiations on the Governor's proposals for the
future of the school; but say that the S. of S.
is unable to intervene on behalf of the Committee
of the School, and ask that the Committee be so
informed.
Subsequently