Supt
would, I think, scarcely justify the Imperial Government in transferring certain prospective obligations, voluntarily assumed by itself, to the Colony, and at the same time retaining the sum paid in consideration of obligations,
as a repayment of a portion of the amount freely and unconditionally given by Parliament to nurture an undertaking of national importance.
I may fairly assume a Colony has to be which in a few years became the directing centre and financial capital of a Foreign Trade estimated at between Thirty and Forty Millions Sterling per annum.
Page 4979
9. It should also be borne in mind that if this obligation as regards pensions had been incurred in the Colony in the first instance, the abatements would, as in the case of Ceylon, have been paid into the local Treasury to the credit of a Superannuation Fund, and Parliament would have had to vote the same amount as it did each year to supply the Deficiency in the Revenue of the Colony.
10. And further, that if the Imperial Government had not made it optional before 1847, and imperative since that date, to contribute to the Superannuation Fund,
Supt
would, I think, scarcely justify the Imperial Government in transferring certain prospective obligations, voluntarily assumed by itself, to the Colony, and at the iame time retaining the sum paid in consideration of
obligations,
as
a
there
repayment of
a portion of the amount freely
given by
and unconditionally given
Parliament to murture an
undertaking of national importance-
I may fairly
من
assume a
Colony
has
to be which in a few years become the directing centre and financial capital of a Foreign
Trade estimated at between
Thirty and Forty Millions Sterling per annum.
4979
9. It should also be bome in
mind that
if this
this obligation as regards
ons had been invrored
pensions
in
the
Colorry in the first instance _ the abatements would,
as in the case
of Ceylon, have been paid into the local Treasury
to the credit
of
a
Į
Superannuation Fund, and Parliament would have had to
vote the
same amount as it
did each
year to supply the Deficiency in the Revenue
of
Colony.
10.
the
And further, that if the. Imperial Government had not made it optional before 1847, and imperative since that date, to contribute to the Superannuation
1
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