Enclosure No. 2.
125
THE COLONIAL TREASURER.- Honourable members will recollect that on the 22nd October last, H.E. The Governor, in concluding the debate on the Estimates which were framed on the basis of a shilling dollar, stated, "should the dollar rise, the position will be more favourable and I hope in that event to explore after a few months the possibility of reinforcing certain maintenance votes and providing for additional extraordinary works." The dollar has risen; the Treasury rates from January to June this year being from 1s/5--d to 1s/3d. The object of this resolution, therefore, is to give effect to His Excellency's promise by placing further funds at the disposal of the Public Works Department for the current year. The proposals were laid unofficially before the Finance Committee of this Council in April last, approved by them and have now been sanctioned by the Secretary of State.
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