A (2) 31
On 13/26. The Trade Loan was for the purpose of making loans on security approved by the Governor to merchants and others in the Colony during a certain period of financial stringency.
The loans were not treated as investments but as assistance to traders. Where it is impossible for borrowers to redeem, the property is disposed of as best opportunity occurs.
(Sgd.) C. McI. Messer,
Treasurer.
2.1.31.
Hon. C.S.
There is no necessity to go into each case. The Auditor is only asking general questions. The Treasury has files for each case.
We must have some bad cases, and in such the only thing is to get rid of them when opportunity arises.
(Sgd.) C. McI. Messer, Treasurer.
15.1.31.
Auditor.
Does this satisfy you?
(Sgd.) N. L. Smith.
16.1.31.
Hon. C.S.
The financial side of this question is so closely affected by administrative and political policy that I am willing for the present to accept things as they are but it will be necessary for me to refer in general terms to the whole subject in my Annual Report.
(Sgd.) P. L. Collisson,
Auditor.
22.1.31.
A (2) 31
On 13/26. The Trade Loan was for the purpose of making loans on security approved by the Governor to merchants and others in the Colony during a certain period of Financial stringency.
The loans were not treated as investments but as assistance to traders. Where it is impossible for borrowers to redeem, the property is disposed of as best opportunity occurs.
(Sgd.) C. McI. Messer,
Treasurer.
2.1.31.
Hon. C.S.
There is no necessity to go into each case. The Auditor is only asking general questions. The Treasury has files for each case.
We must have some bad cases, and in such the only thing is to get rid of them when opportunity arises.
(Sgd.) C. McI. MESSER, Treasurer.
15.1.31.
Auditor.
Does this satisfy you?
(Sgd.) N. L. Smith.
16.1.31.
Hon. C.S.
The financial side of this question is so closely affected by administrative and political policy that I am willing for the present to accept things as they are but it will be necessary for me to refer in general terms to the whole subject in my Annual Report.
(Sgd.) P. L. COLLISSON,
Auditor.
22.1.31.
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