CO129-221 - Governor Sir Bowen - 1885 [4-6] — Page 389

338

in trade and population. Now-

if the Colony contracts a loan of $1,000,000; we must set a

side

about 8 per cent on that amount Say 5 per cent for interest and charges, and three per cent

for Sinking Fund This would

require $80,000:

-

year.

A tay

yielding $100,000; would coven) this

}

and leave a profit besides. And whereas the annual charges to meet the loan would steadily

the yield of a sperit

decrine), ૧૨ K |

Farms could not but steadily wcrease.

I have, vo (8.9 A. Lister

Treaswier!

DRAFT.

my Kony

Wo. 128 Jul. Bower

MINUTE.

Mr. Pearson 4 key

Mr. Wingfield.

Mr. Bramston..

Mr. Meade.

Sir R. Herbert.

Lord Dunraven.

Colonel Stanley.

for:

12353

How how

buy An: 85

Li

I have the Lowon

to acknowledy

receipt of your disp; No.255 of the 51

I

Jaime,

of a Trail Farm in

beder

to raise the

Eaxation which

will be required ameet the charge for

interes & Suiting, and

of

the

Public Works

new Rosu

喜