97
the
must be received tenaciously. The Commission, before he can sanction proper increases; & by disallowing the vote of $25,000 to the water supply, sinking this
my action on
this subject-beyond repair & conjecture,
must be postponed till 1874; or by allowing the Civil Hospital to be built from the loan from the special fund. Understand
The total cost of
that the bank, a
bank, which is very recent
of importance, 1892
Kamaldumb is estimated at $100,000.
It is a considerable work to charge Revenue of 2 years, if the water supply is
smallly urgent. The capital of the special
Fund amounts to about $400,000; this is all
in the local Banks on
deposit without security, which is an undesirable precedent in itself; there is not much probability of the whole sum being
required in a few years: if the Colony undertook to repay the $100,000 in instalments of $10,000
a
year, the Bank would pay interest at the same rate (5%) as the Bank's now do to the Special Fund, the latter would be in exactly the same position, the Bank would be as secure as possible,
the future Revenue would be charged at the
most with $15,000 in any year,
instead of $35,000
as shown in this year's Estimates.
I think Mr. C. Dennedy ought hardly
to have taken credit for the whole amount in calculating the Revenue to be entirely sufficient to meet his Expenditure for 1873. You
will see
that Mr. Rounds' estimate then showed a little margin left
to meet
the unforeseen Expenditure that was
always in
the
course of the
year. Should there be excess inclined to meet when
available balance
as
I say of $50,000 being put aside as
he does
the Colony. It should be tried
not to interfere with what he proposes
regards the Police. But I do wish
No return of the special fund is included in these sectores, mistress have directed.
97
the
must be receivse tenkátria.
commission, befor he can Linction
propered incrcarves ; &by disallowing the vote of $25,000 to the water supply, singing this
my action on
this subject-beyond repati & lotinete,
must be parponed till 1874; or by aliasing
the Civil Strapital to be built from Ija fer?
aloan from the special found: Sunderstand
The total code of
that the bank, a
A
ank, whichis very nosent
fimportani, 1892
Kamaldumb is 92 timated at $100000.
it is a considerable work to Charge Riosue of 2 years, if the water supply in Revame
the
smally urgent. The expital of the special
Find amounts to about $400,000; this is all
He local Banks in
deposit without security, which is an underimble increment in itself; there not much probability of the whole und beeing
requited in a few years: if the Colony undertook to repay the $100,000 in mistalments of 10000,
ť
4.
to
A
year, the pay interest at the timed rute (5% as the Bank's now do to the Special Fund, the letter wombl be in ca
hospital might
ictly the same position, the be mit das prickly as possible,
the fanese Ravenne would be charged at the
most with $15000 in any year,
Feast $35,000
26
thens Sewing at this year's Estimates.
Whinde
I think to. C. Dennedy ought hardly
I have tollen andit for the whole amonal 1 Afiti
in calculating the Revenue be Lat entirifated to receive to mut his Effenditure for 1873 . t you
Jays
wch see
fou abat. M. Rounds kit then while buy little marque left
keet
b
held the unforesten Effenditene that on required
always in
the
in the course of thi
year. Should hang exoch miclined 2 mint when
available balance
ande as
I say of 50.000 bem put andr
he do
Cylon. Isbauld be try
Couth to interfere with what he Restores
regards the Police. But I do wit
No return of the special fund is included in these sectores, mistress have directed.
No comments yet.
Private notes are available after approval.