CO129-359 - Governor Sir Lugard - 1909 [12] — Page 60

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$30,000 towards the Endowment. It was, however, estimated

by the Director of Public Works that the design which Mr.—--

Mody had put forward as his idea of the kind of building

he had in mind would cost much more than the sum estimated.

Mr. Mody thereupon undertook to erect it whatever the cost

might be, stipulating, however, that the $30,000 he had

promised for Endowment should be used wholly or in part

for any excess incurred over the original estimate of

$150,000. This sum of $30,000 has in consequence been

entirely excluded from consideration in regard to the

Endowment Fund, and it has been assumed that Mr. Mody

would spend the entire sum of $180,000 on the buildings

and more if that estimate should be exceeded.

3.

As Your Lordship is aware the

Committee which I called together to discuss the project,

recorded it as their opinion that it would not be safe to

accept Mr. Mody's generous offer until a capital sum of

£110,000 had been raised as an Endowment and Equipment

Fund, and Mr. Mody consented to leave his offer open till

December 31st., 1909, at or before which date it would be

accepted if the said sum had by that time been raised. In

the meantime it appeared premature to discuss the designa

for the building in any detail.

When

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