and borrowing the remainder from the Exchange Fund.
In your No. 622 you proposed in any case to limit
the loan issue this year to $100,000,000.
(3).
In paragraph 5 of your No. 889, you
proposed to borrow from the Exchange Fund after the
initial loan issue of $50,000,000 and before
proceeding with the remainder of the authorised
issue. I trust this does not imply a serious lack
of confidence in public support for the loan. I
feel that surplus money in the Colony should be
utilised for renabilitation to the maximum possible
extent.
4. If you agree the suggestion in paragrapn 2 above
and in my No. 831 I hope you will be able to introduce
the Loan Bill at an early date.
(46. para.2)
(54)