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detriment of the trade and prosperity of the
Colony.
(m) At the end of the experimental period of three years,
if the Trust is found to function satisfactorily,
it should be established on a permanent basis, with the same constitution and duties, subject to
any modification that may be deemed to be
desirable in the light of the experience gained.
Note. It is hardly possible for me now to go
closely into the question of finance which
would arise. After the experimental period of
three years the position should be clearer.
The idea would be to make the Trust self-
supporting and, from calculations which I have
made on figures of expenditure, etc. supplied
to me, I should not think that there would be
any difficulty in this. The matter would
require careful and sympathetic treatment at
the hands of the Government, bearing in mind
the vital part the Harbour plays in the
economic structure of the Colony.
With respect to any capital expenditure
for the construction of piers, the Government
could borrow on behalf of the Trust and the
rent of the piers so constructed would be
sufficient to cover interest on capital,
maintenance, etc. In fact, the Trust should
not embark on any work involving capital
expenditure unless the work would become
self-supporting.
The question of the staff for the working
of the Trust would also require careful
consideration.
One way would be to regard the
personnel as still in the Civil Service,