I
and must shortly be met.
2.
I reported on February 16, 1888,
that a balance of $200,000 is not enough to carry on
on the financial business of the Colony, and I asked that a balance of $350,000. might be allowed. I have had
I have had no reason
cent interest on the debit, instead
the debit, instead of 614
11. HASBA
3
I
is overdrawn, and we are
врач paying
to go
He spoke the ~4.
I
my letter of
to
modify
that opinion,
and the serions.
the
inconveniences that have arisen during past two
years
correct. I
have proved that it was
say agam that $200,000 is not
enough,
and eo
long
as
the attempt is
made to keep the balance down to that,
these inconveniences will continue.
3.
I enclose a statement of
the
payments made by the Treasury during the present year. It will be seen that they
about $307,
average
revenue of the
half
of the Colony
000 a month. The
amount to not quite
this sum. The payments in January last were over $537,000. It is obvious that a
balance
of $200,000 is not a margin in transactions
ar
sufficient. of this kind.
with.
At this moment our current account t
*
ressiving 2 per cent on a credit balance.
pointed out, in 16th February 1888 that, if i
Keep
it were
desired to
our balances low, a liberal supply of
subsidiary
com would effect this better than
anything else. I did not however
for
one moment exppose that a supply of loken coins would replace the necessary.
balance which mone
withoupiah m
- monetary.
working.
transactions cannot be carried on. The
inscreceived expply of coins has been received and is gratefully acknowledged, but the result has naturally been to
aggravate
rather than to diminish the evils
arising
from an insufficient cash balance.
of
course this supply of –
کرد
com locks
For of
up money,
and also the scarcity
of ready cash puts a most undesirable pressnere
on the Treasury to issue the
ire on
come, when they arrive, with too much liberality, so as to replenish its cument
is
24
decount
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