CO129-170 - Sir Kennedy - 1875 [1-3] -- Acting Governor Austin - 1875 [3-6] — Page 516

repairing timproving the remainder You will probably like to refer there paper, akhir A. Kennedy, then if hellsing

to a good lapincer, to know their opinion

from a professional point of view ofther value of the enggestion mach by M. Free

As to the financial proposals, Spremnie it would be out ofthe prestion to apply the special fund discelly for this purpose; Athe pression in whether it shall be advanced_

& the table in this despatch

From.. 7873, you will see kattin read portfinal is simply to advance the Whole me of $212,000 at once, that is interes Should be paid, that $10000 should be repaid

12

the its gear, 47$/14250 for the sake frent years, tthas the capital of the Linking Pand would at the and ofthe 15 year

to its present-position

be restored.

Breckon that if an around contribution

were charted on the debt the General

67 $15.000

&

503

Revenues in payment" finterest at

of on a debt of $212,000 Hy of an

annually.

5%

increasing contribution. blinking Fund, the hebt would be repaid in 25 years. If

this was

bobe the moch adopted it

would not make

any

difference to the

General Restion whether the hincy was borrared from the special fund or for

Some other source_

at

But it must not be forgotten that

At present the interest on the Specich Fund, after paying a few special charge, to suppress gambling all falls into the general Revenue; it. if intered were paid and of the General Restine an an advance from the Special Fund, it would. Limfly so back into the finiral Revere as part of the interest-aceming ofthe special fund : proposal ofthe Committee were followed, the general Revenue which love the fir year $10,500 (being the interest in much amount which is deposited in the Bank at-5%), f Each Ineceeding gear a

fte

increstinents

Showwerke

a matter sim