CO129-253 - Public Offices & Others - 1891 — Page 317

315 5

dealing with this matter would be for

a new valuation to be made in December

next and to take it as the basis for future

interest allowing 5 per cent

payments

annually for depreciation and care being taken all new articles purchased

to add the value

to the inventory.

of

The only objection I see to this course is that the valuations here are made by the Government auctioneer who charges & percent

on the gross valuation and therefore the one year

interest due

by the Governor for

would be absorbed by the auctioneers

commission.

I have the honor to be

سط

Your Obedient Sewant gu Hilgrove C.

Nicolle

Anditor

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