354
received Your Lordship's telegram of 31st. ultimo.
6.
•
Your Lordship will, I hope,
concur in the view I have taken of these proposals. There
are of course those who would not be averse to seeing a
large sum of money expended in the Colony even if they
were convinced that the project was an abortive one,
impossible of success. If Senor Pescio seriously desires
to put forward this scheme I would require before according
to it any Government recognition and assistance, to be
assured that he possessed an adequate capital, and that
the scheme itself was practicable (whatever the financial
results after completion might be). To arrive at any
conclusion on these points it is necessary that he should
submit proper plans, both of the Tunnel and of the land for
the "Garden City". I should desire to be made aware of the
composition of the Board of Directors and should wish to
see the statement in the articles of association upon
which the capital is raised. If these are satisfactory
there is no objection to his promoting a private Bill and
bringing it before the Legislative Council. I may add that
I am informed that this gentleman some years ago set up
business under the style of "Gregor and Company" in the
vicinity of Messrs. Caldbeck McGregor and Company,
7
an old
established
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