3
300
Jika
Enclos
Your Lordship's information, a copy of an important letter on this subject addressed to the Secretary of State for War by Major-General Sargent, 2.13., Commanding Her Majesty's Troops at this Station.
2.
It will be seen that the proposal of General Sargent is practically that this Colony should be invited to raise a loan of one hundred thousand pounds (£100,000) for the completion of the Fortifications on the following conditions:-
(1.) 15th Feby. 1857
(1) that this loan should be "guaranteed by the Imperial Government; (the work being of an Imperial character, and as such a guarantee would probably enable the Colony to raise the money at 4 instead of 5½ or 6 per cent.
(2) That the War Office should come to a definite decision as to the plan of Defences to be adopted, and as to what lands are required for the creation of Defensive Works, or other Military purposes. With regard to this latter point, General Sargent.
3
300
Jika
Enclos
Your Lordship's information, a copy Busty
of an important letter on this subject addressed to the Secretary
of State for War by Major-General
Sargent, 2.13., Commanding Her
Majesty's Troops at this Station.
2.
It will be
Jeen
that
the proposal of General Sargent
Colony
is practically that this Co-
should be invited to raide a loan
of one hundred thousand pounds (£100,000) for the completion of the Fortifications on the
following
conditions:-
(1.)
15th Feby. 1857
(1) that this loan should be " guaranteed by the Imperial Government; (the work being of an
Imperial character, and as such
at
guarantee would probably enable
the Colony to raise the mone, 4 instead of 51⁄2 or 6 per
cent.
ce
(2) That the War Office should come to a definite decision as to the plan of Defences to be adopted, and as to what lands are required - for the creation of Defensive Works, or -other Military purposes. With regard to this latter point, General
Sargent.
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