51
such a charge
6.
what I would propose, therefore,
is that the Colony, in consideration of sum advanced for the Establishment of the mint, should be considered to have paid the Military Contribution up to June 1867, and that all the profits of the Establishment over, and above, the actual working Expenses be remitted half yearly to the Imperial Government until £50,000 be paid up. The payment may be spread over a longer period than two and a half years; or, on the other hand, it may be made in less than that time. In either case, however, unless the mint should prove a failure, the payment would be secure; and if the mint should prove a failure, it would be only just, for the reasons explained in my letter of the 9th Instant, that the loss should fall on the Imperial Government.
Simply put, my proposal amounts to this, that the Colony should pay in advance the Military Contribution demanded of it for 2½ years, namely £50,000, and that the Imperial Government should advance the £50,000 necessary for the Establishment of the Mint, and be repaid this advance eventually out of the profits.
8.
I think that this proposal is
51
such a charge
6.
what I would propose, therefore,
is that the Colony, in consideration of
sum advanced
for
the
the Establishment of the mint, should be considered to have paid the Military Contribution up to June 1867, and that all the profits of the Establishment over, and above, the actual working Expenses be remitted half yearly to the Imperial Government until £50,000 be paid up. The payment may be spread
longer period than two and a
over a
on
the other hand, it
may
be made in less than that time
half years; or, posibly
In either case, however, unless the mint
shoved prove a failure, the payment would
•
be
secure;
a
and if the mint shoved prove
• failure, it would be only just, for the
reasons explained in
my letter of the qih Instant, that the loss showed fall
the Imperial Government.
Simply
Now
pay
In effect, my proposal amounts to this, that the Colony should
in advance the Military Contribution demanded of it for
2호
years namely
£50,000, and that the Imperial Government shined advance the £ 50,000 necessary for
the Establishment of the
Mink, and be repaid this advance -
eventually out of the profits
8.
I think that this proposal is
No comments yet.
Private notes are available after approval.