CO129-255 - Governor Sir Robinson - 1892 [5-7] — Page 65

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overdrawn for an indefinite

period. Such a

Quch a position

led with annually

coupled

recurring deficits appears to me to be a most

one

undesirable and undignified

for the Government to occupy, and one calculated seriously to prejudice the credit of the Colony. It

would also entail an

unjustifiable burden, by way of the interest on the overdrafts, on the tax-payers, which

which would be substantially diminished by raising a

loan.

4:

In the preseding

paragraph I have assumed the correctness of the

calculations

of the Committee, and the willingness of the bank to allow the Government account to- remain overdrawn for indefinite time. But the Committee has left out of account the contingency of

an

our