CO129-255 - Governor Sir Robinson - 1892 [5-7] — Page 68

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13

One

of the signatories of the report, Mr. Whitehead, who is

also the m

manager of the

Chartered Mercantile Bank,

has recently represented to sue that money is so searee in the Colony owing to

continued commercial losses that the marine lot owners in the Praya reclamation scheme will find it most difficult, if not impossible, to raise the funds necessary

to enable them to meet their

obligations

67

obligations under their agreements; and I shall be obliged shortly to address Your Lordship on the subject of -

that scheme.

6.

necessary

It is imperatively

to adjust the

accounts of the

of the Colony

as

pointed out in my despatch

40% 1: 156 of the 3rd instant, and

This is

Can

Japparent defiant I we have

this means, in the absence

of.

a loan, the increase of

net south the deficit this year by —

the proposals

m11503

Ausafir

some $170,000.

។