19
temporarily
a s
a i
Soon
opportune
mament acres,
finances of the Colony, and that he agrees
that at the moment the Colonial Government might should even to make the necessary
well draw upon its surplus funds. He observes
that it is proposed to carry on financing loan
works from revenue pending a further issue of
tne 1934 loan. He sees no objection to this
course, but he observes that present advances
from surplus funds amount to approximately
$10,000,000. He notes further that the present
surplus of assets consists of approximately
$12,000,000, and that the assets as set out in
the Estimates include the item of advances
pending reimbursements from future loan. It
availabl would appear that the margin of, surplus funds
is therefore very narrow, and that this method
of financing could not be continued if the
surplus of assets were to fall, as is estimated,
to approximately $9,000,000 by the end of 1938.
He would accordingly suggest that consideration
should be given to the possibility of making a further issue of the loan, at an early date.
21/
Dr. O'Brien and C.S.D. to see references
above, after action
M. Rojas
P. Rogero
30. XI. 37,
Las dealt any fully
& competently
m th
these Estimable
(in the midst of other ingent
pressure of
unk
animy
obiectly
or unchectly from the present
in the For East)
Situation