CO129-221 - Governor Sir Bowen - 1885 [4-6] — Page 125

124

Aud) if absolutely necessary (which I

do not think it will be) this amount might be still further increased? > by effecting reductions on public works proposed to be executed this

extracti

The

year?

expenditures ou

ary public works during 1886 might be limited to $400,000, to be divided belawn Sanitary works

and the Tylaw water works . The Completion of the Military defences estimated at $ 52,000 and of the Central School estimated at $10,000 night fairly be charged a grinnat current Revenue, supposing that

100

o provixion is made in next year's Estimate

interest.

d ou

fund

for.

be neces

and sinking

proposed loan.

Ou this's basic it would

ecessary to borrow) during

the

Year

1886 a sum of about

$265,000 or spreading the expenditure

of $400,000 over the whole

year?, rather less than $33,500, will be required monthly. Now the balance oftweets will meet the first four monthly payments of 1886.

A

et suggestion made by Mr. Carvalho, (per Clerk of the Treasury) that arrangemnits might perhaps be made with the Hongkong and Shanghai

Bank under which the Government

would be allowed; to overdraw, it's

current account at the Bank, paijing interest only

the darily debit baliances, has been carefully considered) by the Frea eurer (elly Lister)

་ ་་་

it

་ ་ ་ ་། ། མ་ ་ ། amyself

aud

we recommend

if for approvals, during the

1886 at any

year

rate.

St

the