13
20
}
C. 74581/30 [No. 5].
No. 18.
THE SECRETARY OF STATE to THE OFFICER ADMINISTERING THE
GOVERNMENT.
(Sent 6.30 p.m., 17th June, 1930.)
TELEGRAM.
[Answered by No. 19.]
No. 23. YOUR telegram 12th June, No. 38.* I agree to action proposed. 1 assume that it will be made clear in reply to Chamber of Agriculture that the remission of the annuity under Ordinance 15 of 1929 will not involve the voting of compensating
revenue.
It is only the 30 per cent duty payable to general reservet for which compensating sources of revenue must be found. PASSFIELD.
C. 74581/80 [No. 6].
No. 19.
THE OFFICER ADMINISTERING THE GOVERNMENT to THE SECRETARY
OF STATE.
(Received 2.45 p.m., 18th June, 1930.) TELEGRAM.
[Answered by No. 21.]
No. 42. 18TH JUNE. Your telegram of 17th June, No. 23. It is assumed that payment due for interest for 1930-1931 under Sugar Industries Loan Ordinances 1926-1929 amounting to Rupees 567,334 must be met from Treasury advances. I am advised that contribution to Sinking Fund for the year 1930-1931 can be postponed by legislation.
C. 74567/30 [No. 14].
No. 20.
THE OFFICER ADMINISTERING THE GOVERNMENT to THE
(No. 207.) MY LORD,
SECRETARY OF STATE.
(Received 23rd June, 1930.)
Government House, Port Louis, 21st May, 1930. WITH reference to my telegram No. 17 of the 1st May, 1930,§ regarding the scheme of advances for financing the cultivation of the coming crop, I have the honour to transmit, for Your Lordship's information, the accompanying copy of the report of the Procureur-Général on the matter.
I have, &c.,
ALLAN GRANNUM, Officer Administering the Government.
Enclosure in No. 20.
REPORT'.
THE system of financing estates and planters every year is fully described in paragraphs 56 to 59 of the report of the Royal Commission 1909, referred to in para- graph 11 of Annexure 1 of Sir Francis Watts' report on the Sugar Industry of the Colony.
2. It will be observed from this system that in the mouth of April in each year the necessary advances are made by lenders to the planters; such advances include all expenses made since the termination of the previous crop, the necessary amount for the cultivation of sugar-canes (to & small extent) for the ensuing crop and for the subsequent one.
* No. 17.
† This should be ** revenue "'—see No. 21.
No. 18. 8 No. 14.
3. As an illustration of the present position, I might say that in April, 1930, the planters had made the necessary agreements with the "Bailleur de Fonds to provide
for a sufficient amount to carry on with all their expenses in respect of :-
(a) cultivation of canes for the 1930 crop and a portion of the 1931 crop; (b) supplies;
(c) upkeep of factory;
reaping next crop;
transport charges;
(f) salaries, wages, and other working expenses.
Those advances started since the beginning of the year, and the amount to be spent under (a) for the period extending from April or May, 1930, to the end of July. 1930. is negligible.
4. Advances so made are secured by means of a first charge on the sugar and canes either on behalf of the mortgage creditors or the money lenders, the sugar being consigned to the lenders under the agreement. The lenders have actually advanced the maximum amount which they consider should be lent so as to leave a sufficient margin of safety in their favour.
5. The effect of the scheme, under which advances made prior to the announce- ment of the scheme are excluded, would be to deprive the lenders so secured of the privileges and rights agreed upon.
6. I have discussed the position with the Bureau of the Chamber of Agricul- ture, the three Local Banks, and some Brokers or Lenders, and I am fully satisfied that no one will forgo the first-rank charge obtained by them at this stage.
7. Under the circumstances I cannot submit any proposal for adapting the scheme to Mauritius conditions.
21st May, 1930.
C. 74581/30 [No. 7].
No. 21.
R. M. D'UNIENVILLE, Acting Procureur-Général.
THE SECRETARY OF STATE to THE OFFICER ADMINISTERING THE
GOVERNMENT.
(Sent 4 p.m., 23rd June, 1930.)
TELEGRAM.
[Answered by No. 23.]
No. 27. YOUR telegram of 18th June, No. 42.* Interest and Sinking Fund payments on Sugar Industry Loans should not be deferred and due provision for them should be made from revenue and other assets of Colony to the same extent as if the export tax had continued to be levied.
In my telegram of 17th June,† general reserve should read general revenue.— PASSFIELD.
C. 74581/20 [No. 9].
No. 22.
THE SECRETARY OF STATE to THE OFFICER ADMINISTERING THE GOVERNMENT. [Answered by No. 38.]
(Confidential.)
SIR,
Downing Street, 26th June, 1930.
I HAVE the honour to refer to my telegram No. 19. of the 7th of June, regarding the remission of sugar export duty in respect of the 1980-1931 crop in which I stated that it would be necessary, unless compensating economies in public expendi- ture are practicable, to replace the revenue lost from other sources.
2. The export duty is a tax bearing directly on the production of sugar and forms an unavoidable addition to the cost of production; it would therefore be pre ferable in any case to replace it for the present by some other means of taxation, if such means can be found. A somewhat less objectionable method of taxing the sugar
‡ No. 16.
* No. 19.
↑ No. 18.
DETHIE
PECORD OFFICE
Reference -
C.O.882/12
PUBLIS RECORD OFFICE, LONDON |
ALLY WITHOUT PERMISSION OF THE BE REPRODUCED PHOTOGRAPHIC-
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