which might properly be financed by free grants. It
certainly should not follow that because a project of
20
a commercial nature is to be run by Government it should although fouan insiduation world not make a profit. It remains to be considered, however, obriusly be necessary of the purposes to whien profit's
to what purposes protits so made should be applied, and,
in this connection, I take the view that they should
not be employed merely to reduce taxation.A If, on the
other hand, there is likely to be local criticism of a Government Department being directly responsible for
a profit-making undertaking, this difficulty might
perhaps be obviated by the creation of a small local
Development Corporation.
been established in
a copy of
Such a Corporation has-
and I enclose
which will give you a general
picture of the kind or organisation involved.
+
5. The proposals for the improvement of landing
facilities at the Kennedy Town market, referred to
in paragraph 13 of your despatch, and for
*
reclamation at Aberdeen, referred to in paragraph
14 of your despatch, have already been approved
as Schemes Nos. D.925 and D.924 respectively
(vide my telegram No. 385).
:
6. The recommendation for a pond fisheries
survey, referred to in paragraph 16 of your
despatch, is also accepted in principle.
41.
genial
continue to ben
nd
the possible use of the bootnat Develpment"
MA
I
understand that there may be difficulty in
securing the required expert, and I suggest
€
that, when the terms on which one can be secured
are known, a formal application for a Colonial
Development and Welfare grant should be made to
me. In the meantime, I agree that expenditure
may be incurred if necessary in anticipation of
the/
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