Government is now prepared to make such further payments as may be requisitioned for on account of the Colonial Defence Contribution up to the amount of £116,000 calculated at the market rate of exchange at the date of each payment.
I am to point out that the estimated expenditure of £111,691 (latterly corrected to £111,746) to the 31st of March 1890, includes an amount estimated at $1,942 which was advanced from the War Department funds in March last in anticipation of the Colony providing the funds for which a requisition had been sent on the 28th of March 1890; this amount is therefore due to the War Department, in addition to the balance of £4,409 11s. (now corrected to £4,255) mentioned in the despatch.
The Major General Commanding considers that the sum of $15,000 which was requisitioned for on the 24th of March 1890, but was refused, should now be paid at the market rate of exchange on the day it would have been paid under ordinary circumstances, say the 27th of March; and that subsequent advances made by the War Department after the 31st of March should be paid at the average rate of exchange for the month in which the payments were made; an advance of $2,000 made by the Colony on the 10th of May 1890, has also to be taken into account. On hearing that these principles are assented to, a statement of the expenditure to the present time and requisitions for the necessary funds to adjust the accounts will be made.
Government
now prepared to
make such further payments
neayy
ad
(
be requisitioned for on account of the Nolonial Sefence Contribution uch to the amount of £116,000
calculated at the market pate
exchange at the date of each -payment.
request I
/
this
of
oh making
direcka) 10 point
out that the estimated expenditure
of £111691 (Mrice corrected 10 ₤u11,746) o the 31 of March 1890, unœudes amount estimated at $ 1942 which was advanced from thar Department funds in March last in anticipation of the Colony providing the funds for which a
requisition had been sent on the
of March 1890; this amount.
is therefore due to the War Department,
ui addition to the valance of
£4,40911
€ 4,409 [Nav
wg/now corrected 10 £4255)
mentioned/
mentored in the despatch.
بی
637
The
Major
General
Commanding considers that the sum of $15,000 which was requisitioned
for on the 24th of March 1890, but was refused, should now be paid at the market.
on the day rate of exchange
payment of which
which under oude
ordiciary
ar
circumstances
it would have been paid, say the 27th of March; and that subsequent acvances made by the War Department after the 31th of March should be paid: at the average rate of exchange for the month in which the payments were made; an advance of $2,00 made by the Colony
on the 10 of May 1890, has also to be taken into account. On hearing that these - principies are assented to, a statement of the expenditure to the present time and requisitions for the necessary funds to adjust the
accounts.
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