56
enclosed Ordinance, the proposal in the third paragraph of your letter as to the deposit of securities to cover a further remittance to India need not be adopted.
I am to authorize you to raise a sum not exceeding £200,000 on debentures or bills, in accordance with the provisions of the Ordinance enclosed, and to request you (with reference to paragraph 8 of your letter of the 22nd of September) to insert in the prospectus, forms of debenture bonds, &c., a statement that the loan will rank after the Hurricane Loan raised under the provisions of Ordinances Nos. 4 and 12 of 1882.
57-
revenue by the planters as a reimbursement from the total revenue on which military contribution is paid, as in the case of the other loan referred to in your letter above quoted.
I am to express the hope that (1) their Lordships will be able to assent to the
course which has been taken.
(2) Mr. Brodrick
3394
A similar letter is being addressed to
(1) the War Office. (2) the Treasury.
am, &c.,
H. BERTRAM COX.
I am, &c.,
H. BERTRAM COX.
4527
No. 45.
No. 42.
THE EARL OF ONSLOW (For the Secretary of State) to GOVERNOR SIR C. BRUCE.
(Sent 12.30 p.m., January 30, 1903.)
TELEGRAM.
Answered by Nos. 49, 59 and 61.]
Referring to your despatch, No. 460 † Ordinance 34 should be amended by substituting for last five words, first subsection, Section 4, following words: "by advertisement in the 'Times' newspaper in England."
3400
No. 43.
THE EARL OF ONSLOW (FOR THE SECRETARY OF STATE) to Governor SIR C. BRUCE.
(Sent 2.15 p.m., January 30, 1903.)
TELEGRAM.
[Answered by Nos. 56 and 63.]
Referring to your despatch, No. 466. Crown Agents cannot issue debentures without knowing how many are to be repayable in 1904, how many in 1905.
3400
SIR,
No. 44.
COLONIAL OFFICE to (1) TREASURY; (2) WAR OFFICE. [Answered by Nos. 45 and 48.]
Downing Street, January 30, 1903.
I AM directed to request that you will inform
(1) the Lords Commissioners (2) Mr. Secretary Brodrick,
of the Treasury, with reference to your letter of the 25th of November, § with reference to your letter of the 21st of November,||
that in view of the present crisis in the sugar industry in Mauritius, it has been found necessary to make provision for raising a further loan, not exceeding £200,000, in order to make temporary advances to planters repayable in 1904 and
1905.
It has been assumed by the Governor that no objection would be taken to the insertion of a clause in the Loan Ordinance exempting the debt charges paid into
• No. 14.
↑ No. 39.
‡ No. 40.
§ No. 23.
I No. 22.
SIR,
WAR OFFICE to COLONIAL OFFICE.- (Received February 3, 1903.)
War Office, London, S.W., January 31, 1903. I AM directed by the Secretary of State for War to acknowledge the receipt of Mr. H. Bertram Cox's letter of the 30th instant, No. 3400/1903,* stating that in view of the present crisis in the sugar industry in Mauritius, it has been found necessary to make provision for a further loan in der to make temporary advances to planters repayable in 1904 and 1905, and that the Governor has inserted in the Loan Ordinance a clause exempting the debt charges paid into Revenue by the planters from the total revenue on which military contribution is payable.
In reply, I am to acquaint you that Mr. Brodrick agrees in regarding this proposal as an equitable one, and will therefore raise no objection to the course which has been taken.
I am to add that a copy of this letter is being sent to the Lords Commissioners of His Majesty's Treasury.
3394
No. 46.
I am,
&c.,
E. W. D. WARD.
THE EARL OF ONSLOW (FOR THE SECRETARY of State) to GOVERNOR ŠIR C. BRUCE, (No. 31.)
Downing Street, January 31, 1903.
SIR,
I HAVE the honour to acknowledge the receipt of your despatch, No. 460, of the 27th ultimo,† and to inform you that His Majesty will not be advised to exercise his power of disallowance with regard to Ordinances No. 34 of 1902, entitled "An Ordinance to raise a loan for the purpose of making advances to planters to assist them in substituting mechanical for animal transport on their estates," and No. 44 of 1902, entitled "An Ordinance to amend Ordinance No. 34 of 1902 (The Mechanical Transport Loan Ordinance)," transcripts of which Ordinance were enclosed in your despatch.
As the holders of debentures under these Ordinances would not, in the ordinary course, be registered, it is desirable that Ordinance 34 of 1902 should be amended by substituting for the last five words of Section 4 (1) the words "by advertisement in the Times' newspaper in England," and I have requested you to obtain this amendment in my telegram of the 30th instant.
It would have been better if the priority of the hurricane loan had been expressly stated in Ordinance No. 34, as also in Ordinance No. 43, for raising a further loan to assist planters in the cultivation of their estates, but as the priority is secured by Section 3 of Ordinance 12 of 1892, I have thought it sufficient to instruct the Crown Agents to insert in the prospectus, debenture bonds, &c., of both the new loans a statement that they rank after the Hurricane loan.
I have, &c.,
(FOR THE SECRETARY OF STATE), ONSLOW,
• No. 44.
† No. 39.
19234
‡ No. 42.
H
PUBLIC RECORD OFFICE
Reference :-~~
TLC.O. 882
8
PUBLIC RECORD OFFICE, LONDON
ALLY WITHOUT PERMISSION OF THE BE REPRODUCED PHOTOGRAPHIC-
COPYRIGHT PHOTOGRAPH—NOT TO!
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