CO129-217 - Governor Sir Bowen Administrator Marsh - 1884 [7-10] — Page 314

that

Leasures accompanying

I have the

despatch.

honour to state that

Iny

despatch 8:50 of 25th

Fabinary

last

not

intended to direct that

the local balances should

be absolutely exhausted by

the and of

that

monly

the

year,

should be

prmitted home, merely

to

be put out

agam

almost immediately. The

object. to

be

ablamad

is

not the transfer

to

this counting of eums which

Ank

Likely

311

to be shortly

required to meet local

Expenditure, but

The

abandonment of the prac=

: tice which has prevailed hithrits, of accumulating

in the local Rants large

amounts of curplus balances. The risks attending

practice

that

Art

This

to considerable

the high rate of

interest obtained

deposits constitutes

on

the

justification for contring

to incur them, and

is for this reason

et

that

aph