CO129-421 - Governor Sir May - 1915 [3-4] — Page 388

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Q1

Central Police Station which you authorised to be undertaken in 1914, but which could not be completed before the end of the year owing to refusal of owners of the offers made by the Government.

3.

In addition to the above items, it is to be

anticipated that the loss on the redemption of subsidiary coin may

exceed the estimate of 3768,000, judging from the poor prices which recent shipments have realised in London, and I have since February last suspended the purchase of subsidiary coin which you authorised in your cypher telegram of the 18th. April, 1914, in

Jor 1337) order to reduce the loss.

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Moreover an investigation of the expenditure on the Railway shows that the Loan funds will be exceeded after Liny and that fresh funds must be raised. On this account and also amongst other reasons on account of an increase in the rate per cent on advances, there will be an increase in payments of interest. On this latter subject I will address you shortly in a

separate Despatch.

I have the honour to be,

sir,

Your most obedient,

humble servant,

Bring

Governor,&c..