CO129-158 - Sir Kennedy - 1872 [6-8] — Page 196

186

the Crown Agents have debited

the Colony with

am

advance

of £4753.8.8 which was required to balance the accounts. _ this state of affairs is owing to the expenditure referred to, which, of

could not have been

Cune

A

49

anticirated in time to make remittance to England, as Your Ladships Despatch notifying sygf the me of the arrangements made did not reach the Colony mutic

the 269 ctims.

நட்

At the same

time.

however, there was in the hands

of the Agents a

bill for £5,000-

which would mature on

30th June,

9th April.

Jum

1872-

It would, I think, have been advisable that the Coron Agents should have discounted this Bill by which the due to them would have been materially reduced, and the charge for interest on the advance would be lef than is anticipated. Indeed, I should be glad if your Traship would cause the Agents to be instructed to discount, on all future occasions, bills not matured which they may have in their fossession to the credit-

the Colony, when money

of

is

required for Colonial

for Colonial purposes. –

3.

By this Mail I am