, 1875-12-08

communication from the Presidency dated 9th
inst. according to which His Majesty had.on
the 18th October last sanctioned the Budget
for the Municipality of ST. Croix for the Finan.
cial Year 1876, which had been provision.
ally sanctioned by the Governor and a COM
municatiOn of same date from the Presidency
according to which His Majesty had on the
18th October last sanctioned the Ordinance
passed by the Colonial Council on the 3Ist
July last, authorizing the Government of
the Danish West India Islands to contract a
loan of $4,000 on behalf of the Colonial
Treasury of st. Croix.
Agreeably to the Order of the Day tho Council
proceeded to:
/, 1st Discussion on Draft of Ordinance con-
corning the prolongation of the term within
which the Government Of the Danish West
India Islands is empowered by Ordinance of
2lst December 1874, to grant diverse immuni-
ties to a Joint Stock Company for the Estab-
lishment of Central Factories in st. CroiX for
the manufacture of cane sugar.
The Draft with Motives reads as follows
DRAFT
Of Ordinance concerning the prolongation Of the
term a0lthin a0hach the Government of the Dan
lsh Vest India Islands IS empowered by ord,
nance 9f2lst December 1874, to grant di0erse
~ - CGD DCCOCh CONIUHY IO ~
Establishment Of Central Factories in st. Croiz
tor the manufacture 9fcane sugar.
The power conferred on the Government of
the Danish West In liza I.Iauds, by ordinance
of 21st December 1874, viz to grant ia be-
half of the Colonial Treasury of St. Oroix, to a
Joiut Stock Company fer The purpose of e3tab-
fishing Central Factories for the manufacture
of cane sugar, with q capital of at least one
million of dollars. thp immunitiaa and faniIi: los
m ntionel in the said ordinanoe-is prolonged
TO be valid to the end of the year 1876.
REMARKS.
As it has been impossible to form
a Joint Stock Company for the purpose of
establishing Central Factories in St. Croix
within the present year-the term fixed by the
ordinance Of 2lst December 1874, because,
owing to the force of circumstances. the treat
ment of the law.draft which was laid before
the Diet in the beginning of the present year,
and purp0rted TO assist the undertaking by a
loan from the finances of the mother country,
could not be completed within the session of
the Diet,-Government has. on the pre-supposi-
ton that The Minister Of finances intends to
re.introduoe the draft in the new session of&hg
Diet, deemed it proper TO submit the present
draft of ordinance, and thus obtain the term
prolonged to a period within which it may be
uOpcO ludt WIS udtttII 81 SISuIuCduJ TO the
future of St. Oroix, will be arranged.
The President referred to the motives and
recommended the matter.
No ore requested the word further.
LIST Discussion was closed and the Draft
passed to 2nd Discussion.
2, 1st Discussion on Draft Of Additional Money
Bill for l675-7j for az am)unt of $36 .O(O for
Bureau Advances.
The Draft with Remarks reads as follows:
DRAFT
Of additional Money Bill to tie Budget6 for the
municipality Of 81 Croir for tie Financial
Year from Isl APr} 1875 to 3l@ March 1876
The Presidency is authorized 10 use an amount
not exceeding $4,000 Dollars of the Colo
NAL Treasury'S mon y for advances to same of
the planters in the Island for Money Wages to
their Labourers in the months of October to
December 1875 and January to March 1876.
REMARKS.
The amount Of $4,000 granted for Bureau
advances to Planters for July to September
1875 was sufficient to meet such advances also
for October. AS stated in The Remarks to the
Money Bill for said amount, the expense was
betrayed from that portion of the money on
hand for repaying the loan of last year from
the State-treasury's Reservefund, which is
not due before May and June 1876. AS it
was necessary, in order to meet the additional
outlay for further bureau advances, to raise a
loan in behalf of the Colonial Treasury, in
virtue of the Ordinance adOpted TO that eHact