CO129-282 - Acting Governor Major Gen Black - 1898 [3-4] — Page 92

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No.57 of the 30th. March,1893, which sanctioned the raising

of the balances at the Hong-Kong & Shanghai Bank from

$125,000 to $200,000 but did not advert to the subject of

the second current account with another bank for the Praya

Fund.

Amongst the papers now before me there ap-

pears to be no further reference to a second current ac-

count and this particular point seems to have been dropped.

The language of the Marquess of Ripon in paragraph 4 of

C.O.D.No.11 of 22nd. January, 1894, where it is stated "under

the arrangement which I have sanctioned

the Colonial

Government will provide from their balances in Hong-Kong

the money required from time to time for the execution of

the Praya works," appears to approve of the merging of the

Praya Reclamation Fund in the general funds of the Colony

**

and to waive the question of opening the second current

account for the Fraya Fund.

(Sa. )T. Sercombe Smith.

Treasurer,

17.3.98.