CO129-253 - Public Offices & Others - 1891 — Page 229

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Lara: 4

where he speaks of any surplus value of

surrendered lands being "credited to the Imperial Government", and

the proposal

of

in Your Circular of June 1890 being a leaseely

Casa : 6 . legitimate way of improving the Imperial

"finances" indicate a complete misunderstanding

In no case would any

of the Circular.

portion of the value of the lands be credited

to the Imperial Government"

Nor would

Imperial finances be in any way directly

improved or affected. The credit would be are liable to provide

to Colonial funds, which

lands and buildings necessary for the defence

of

the

Colony,

and

direct gaan

any surplus would be a

to Colonial revenues.

10. If this system does not recommend

itself to the Colony, the Secretary of State for

Was is quite willing that the alternative system referred to in paragraph 7 of

paragraph of of the Crculat

(7).