ѝ
we are,
account. At present.
re really Bankrupt till the next coms arrive. It is not desirable that the Treasury should be forced to isme these coms whether wisely irmoisely. I have been trying for epos
to
organice a constant and equable supply, so that the Treasury should never be withou
small coin.
•oin for legitimate purposes.
arrangements made
England
The
le just before I left for
in 1888 would have secured
this end, had not the Treasury been
obliged to adopt
by
a hand to mouth policy the inadequacy of its
it current balance,
I find that, during my absence there
have been repeated in
ted instances of want of
small come in the Colony, with the neual
inconveniences to the public
: public and the
Government, whilst the
correspondence
nce on
the subject of the supply of coins, which I hoped had ceased to be
necessary,
seems to have become chronie -
6.
I
can
only repeat my
tsilly ✓ We have never te!.
request, therefore, that the balance to be
Kept
in the
the
preachie)
all
alteni
615
5
kept in the Colony may be $350,000, Iwo current accounts being opened if necessary. at different Banks. As much of this
possible would be put on stased Deposit. As to the suggestion of locking
as
7.
Pank, there are
up part of our balance in a chest at the
• many objections to it. The most serious is that, with the constant and
ed demands made upon
I often imexpected
by the Crown Agent, the Military,
1t0
and the
Public Works Department, and the constant / liability of the Treasury to hevery windfalle
of Revenue, which might any day carry
the balance
over
a the stipulated amount,
there would seldom be a
day
when
Arr
Officer of the Treasury would not have to proceed to the Bank, a quarter of a
under a
tropical
sun or
mile
through tropical ram, either to remove money from replace it in the chest in question. The only Officer who could undertake so responsible
an errand would be the Cashier of the Treasury or myself. It is absolutely
Areccesaryy
i
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