CO129-312 - Acting Governor Major Gen Sir Gascoigne Governor Sir Blake - 1902 [7-9] — Page 470

467

4.

I agree in that opinion and I consider

that in the special circumstances of the case and in view of

the very large expenditure that the Company will have to incur

in the reclamation of the land and building of the Dock and

on other works stipulated for in the special conditions, the

second request may also be granted, the money being paid in 4

equal instalments, the first immediately after date of sale,

and the remainder at intervals of 6 months. By this means half

the purchase money would be paid in 1903.

5.

If you approve of these recommendations I

shall be glad to receive your sanction by telegraph as the

Company are anxious to submit a full statement of the scheme

to their shareholders at an early date.

A further meeting of shareholders has been determined

upon before finally adopting the proposal that another Dock

be constructed, strong opposition to that course having deve-

Bloped at the last meeting of the Company.

I have the honour to be,

sir,

Your most obedient

Humble servant,

Henry, Arslabe

Governor, &C..