CO129-255 - Governor Sir Robinson - 1892 [5-7] — Page 63

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the proposal to raise a loan to meet the cost of the Public Works extraordinary

in Wongkong.

I have

already expressed my

inability

to coneur in

the views expressed in the report of the Committee appointed to report on the proposal, but I think it well that I should now briefly submit for Your Lordship's consideration statement of the reasons

why

a

No140 of 19th April 1892.

Guy 103013

i

I

why I am unable to adopt those views, and why consider the early raising

of the loan which I have suggested a matter of urgent necessity

2.

I am of the opinion,

which I think will ber shared by Your Lordship,

that as a

general rule the cost of large works of permanent public utility should not be wholly east

upon current revenue, and

that