We propose to raise funds for meeting this total expenditure of Tls. 145,000 by issuing debentures, provided that we can do seat atate not exceeding 6 per cent. If we find that there is any difficulty in float ing debentures at this rate we propose to suspend the Sinking Fund fora year, which will give us 'TIs. 43,000. I indicated that there isa possibility of a surplus on the ordinary Budyet of Tls. 35,000, main] arising out of Native House Ratesind Dui on Merchandise, if we can 5 contingencies on the expendi Those two amounts together 80,000, This would only leave a balance of Tls. 65,000 to provide for, and such an amount could be carried for year, if it were de pedient to issue debentures this
Text read from the printed page and cleaned; old type leaves the occasional error.