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(6.) The expenditure already incurred on the site for the proposed Western Market is say $78,000, and the expenditure also already incur- red on the Praya Reclamation in front of the Cricket Ground is say $100,000 which sums form part of the total of Public Works Extra- ordinary amounting to $2,680,000. If sold, these reclamations and other Government lands available would realize large sums of money,
Resolved therefore--
(1.) That while it is possible to realize Assets at fair and rea- sonable prices it is not considered advisable for the Go- vernment to borrow further monies.
(2.) That any deficit in the Revenues of the Colony during this year be arranged for locally in the currency of Hongkong on reasonable terms.
(3.) That, owing to the present violent fluctuations in the value of silver as measured in gold, it is considered expedient to defer for the present borrowing in sterling money.
21st March, 1892.
J. H. STEWART LOCKHART.
N. G. MITCHELL-INNES.
C. P. CHATER.
T. H. WHITEHEAD,
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