, 1874-11-21

this and of the existing state OF things, the pre-
sent Draft had for its object to grant the neces-
sary facilities in order to further and promote
the formation of a Joint Stock Company that
would be able to furnish the requisite capital
and undertake the enterprise. Under such cir
cumstances the question started by the honora-
bic Member seems to be beyond the nature and
purport of the Draft, and foreign to the subject
we have to deal with, --altogether outofplace.~
Concerning the other questions, namely, what
would be the consequence in respect to the
guarantee of the Community, in case the enter
prise should break down, he could fully concur
with what had been said by the honorable
Chairman in respect to the distinction to be
made between the causes of an eventual fail
ure. He would beg leave to add in further ex-
PLANTATION that the Draft had already provided
for the very improbable possibility ofthe affairs
of the Company being at any time conducted
in an unsatisfactory manner, by a clause stipu-
lating that if during three consecutive years the
guarantee assumed should require a subven-
ton from the Colonial Treasury of 2 D.. Ct, or
upwards, the Government in behalf of the Trea-
sury is entitled to assume the administration Of
the Central Factories, subject to certain rules
and conditions .--Having been led to express
himself on these two particular points, he would
avail himself Of the opportunity to advise the
Council to do everything in its power to further
this project, of which he entertained the pro-
found conviction, that it was indispensable not
only for the improvement but also and more
especially for the preservation OF the welfare of
the community.
4th Member for Frederiksted's Country Dis
triot Il. Farre2lyJ would beg to enquire, what
would become of the shareholders capital, if
any di }aster was to happen to the Central Fac
tory before it hadbeen established, during erec-
ton, or afterwardS;--and we all know that no.
thing in this world is certain--WOuld the Com
pany be responsible
The Governor agreed with the remark of the
honorable Member that nothing is certain in
this world. But there are something's in which
we must believe, @ the man who believes in
nothing must stand still 50 also the man who
does not believe that the Ctn'ral Factories
would give 6 90, could then just as well
give up. If through mismanagement, or bad
crops, or some other cause, the Factories should
not pay, the Draft provides for that by empOw-
ering the Government to take the manufacture
in hand and appoint a proper administration,
while the Shareholders are reserved the right
of getting it back when it becomes a paying
business. On the whole, if we have not got
the strong belief that those Factories will
strengthen and improve the resources of
kuO 1InA 0AO NhhO " AA AZ Ai0AAobnyB WO ouOulQ
not vote for this measure.
4th Member for Christiansted's Country Di..
trict TT. FarreUy) could not see the sense or
the use of passing the Draft now. What would
come after that ?--And he would beg fur
Their to ask, fit is meant that this Council repre-
sents all the planters Of the Island ? Personal.
ly, he was not opposed to Central Factories,
but he could not at present see the utility of
this measure although he must confess that
His Excellency has shewn that he has the in.
terest of the Island at heart and deserves much
thanks.
The Chairman should in reference to what
the last Speaker had said, observe that the
Colonial Council is the legal representative
not only of the planters in the Island, but Of all
the inhabitants, in all matters that inc
to the Colonial law come under the province Of
the Council.
1st Member for ChristianStcd (LcmmiugJ
thought, that after the explanations given to-
day by His Excellency, it is evident that Cen.
trail Factories are the only salvation of st.
Croix, by which we will not only increase the
quantity of our produce, consequently also the
export, but the quality too, SO that We can OBJ
tain a good and saleable article instead of the
present bad one. But we have also heard, and
we know that Central Factories cannot be
obtained except with a guarantee from the
Treasures for the interest to fall to the intend.