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ideal of such colonies ought to be
a Public Debt which is remunerative
or nearly remunerative.
8. I observe that in paragraph 5
of your despatch under reply you
assume that if the harbour dredging,
which will almost certainly have to
be done, turns out to be costly,
it
will be proper to charge it to loan.
When further particulars
are available I should be glud if you would-care-
as to the dredging which is required,
fully consider whether such dredging
it will be
u
matter for careful
would not be a more proper charge
whether it would be proper to charge
on revenue or surplus balances.
it to loan funds.
I may add that I should like.
the gurplus baláng
tanding,
at roughly six months rerme
and with a considerable
of this amount liquid
I have &C.
(Sgd.) P. CUNLIFFE-LISTER.
14
To Gor H Kong Tel Holl
16.6.32
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