CO129-281 - Governor Sir Robinson & Acting Governor Major Gen Black - 1898 [1-3] — Page 132

r

closed

comy of a minute by

the Colonial treasurer

surer ex-

the causes

plaining the

which

led to the amount of the Government Deposits in the Banks on the 31st Au- gust and the 30th Septem- bor last being the authorised limit of ~ $350,000, and to refer you to the further particulars

in excess.

in this connection

con-

of

tained in the enclosures of Sir William Robinson's

despatch

Enclosu 20th Jany.

Bany

Gov

127

despatch N. 244 of the 23rd

24316 November last.

2.

From the first of

those enclosures

you

will

observe that Mr. Whitehead,

the manager of the Charter ed Bank of India, Australia

and China, de

deprecates the

locking-up of cash funds

and call-money

Treasury

ea

in the

vaults where it

can earn no

interest. You

will also observe from

Nie

Colonial Treasurer's reports

that