CO129-475 - Governor Sir Stubbs & Acting Governor Claud Severn - 1922 [5-7] — Page 326

280

smound this year, so that the profits your elionts would proben

bly have made had they not beam deprived of their business

the Government are in the neighbourhood of $600,000 of whi

nớya than $300,000 have gêne to the Governmost which sought mat

additional revenue by these means.

In those sireumatenees tho man

#7. $280,000

asked for by your slients would appear to be modest.

The greater profila made by the Concessionaires

as compared with the profits made by your clients appoar te

so comated for by inarossing population and cheaper seal.

a matter of curiosity to us as

It ta

hew the Ganon sai engiroa esti-

nated they would be able to pay the Goverment the enormous rens

they do for if conl had remained at the lovel it was when the

tenders were onlled for - and no one could then say that it would

net

C

instead of dropping to about half, than a lons instead

prefit would have beat unde.

It is evidant from Statement

that your alienta working from known fnators were not in a peal-

tion to offer the Government more than they did.

Eade up of

3

We therefore contand that your «liente claim is