CO129-368 - Acting Governor May - 1910 [8-9] — Page 536

اتر

532

from this Office it has been proposed,

with reasons and arguments in full detail,

that the contribution of H.M.2. should be

& after examination/ rejection of Inossible alternating as impracticable

DRAFT

a sum representing one half of the direct loss

of plopium revenue for three years. It has

indicated

also been pointed out more than once that

the revenue and expenditure of the Colony could

not properly afford a basis for the

settlement of the amount of the grant,

since additional taxation was in any case

necessary for fresh needs, apart from the

loss of opium revenue, and as regards expen-.

diture, for which new provision has to be

made, the Colony has to limit itself in fra:

likely

MINUTE.

Mr.

Mr.

Mr. Just.

Mr. Antrobus,

A

Mr. Cox.

Sir C. Lucas.

posal, including the promised contribution

from H.M's Govt. on account of the loss of

Sir F. Hopwood.

ming its programme by the means at its dis-!

Col. Seely.

The Earl of Crewe.

28422 Postal Afencity

-A. & E. W.-21433/28-3000-11-08.

opium revenue. A desp. just received from the

0.A.G. contains the following passage

1

The financial condition is unsatisfac- :

tory and the prospect for the future is more

than unsatisfactory. Many important Public

Works,notably in connexion with an increased

Water Supply, await funds for their prose-

cution, the Railway is not likely to be гemu-

nerative for many years and heavy annual

expenditure has to be increase (? incurred )

in the redemption of Subsidiary Coin, while the