referred to Mr Price's plans and Estimates in much detail, but he states that he is of opinion that the professed works at Aberdeen and the subsidiary works at Vokforlina should not be reccuted : and recommends less costly works at Tytom, which be estimates would cost £136.400.
le
regards there works it
is obvions that so reliable
can be formed
till the proposed survey has:
been completed.
Should any of the proposed
schemes be decided on it is
Evident
612
Evident that the Colonial Treasury will not be able to provide the
recessary funds without having recourse to a
Loan
: and I
thefre and a four general observations on the subject of
loans which
may
be of some
use to the Colonial foremment
Whether it would be more
advantageons to the Colonial frument to issue Debentures bearing 5 for cent or wts for cent. interest, with
of
one
a
sinking fund
per cent per
will depend
an
тип
on the state of the
Money Market at the time of
the
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