CO129-287 - Public Offices & Others - 1898 — Page 522

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that it will be better for the War Department to put

up all the buildings themselves charging the Imperial

share of the cost to the Military Works Loan, and the

Colonial Share to a Suspense Account which would be

credited with the annual repayments by the Colony.

It should be explained to the Colonial

Government that, under this arrangement the total cost,

and therefore the Colonial share will be materially

reduced; therefore the Colony should not be unwilling to

repay a full third of both sterling and Dollar

expenditure so as to save Imperial funds from any ultima

loss on the Colonial share through the rate of exchange.

I am

Sir,

Your obedient Servant,

(sd.) Francis Mowatt.