, 1876-06-21

80 tNHy
ed. He would however avail this opportunity
publicly to acknowledge the services OF the
Presidents Secretary, on whom the greater
part of the execution of the business d~evolves.
and who has had a great deal Of trouble in the
matter.
The Chairman would before proceeding to
voting call attention to 2 points. 1t should
firstly, when the End paragraph is voted on.
be distinctly understood, that the advances
there spoken of comprise meal as we'll as mo.
ney, although the motives to the draft ex-
clude cOrnmeal. The other point to which he
would call attention is the very important
clause in the Ordinance providing that the
advances shall be given " on the security in
the crop warranted by the Placard Of I4th May
1923 CTR. the Ordinance Of 2lst June 1S49,
besides such additional security as under the
existing circumstances may be considered
satisfactory" This must naturally be under
stood as intending that no advance is to be
made on bureau alone and it is of great i'm
pOrtance thatit should be clearly understood be-
forehand how it is to be. Ia former years no
additional security was looked for until TO-
wards the end of the year, when sometimes 1t
was too late; but from the wording of the
it is to be supposed that such security will
be looked for at once.
Vae President said that at the time the
Draft was prepared, circumstances were differ
ent to what they are at present, AT the time
We were not at all sure We might not get q
year like the last one. Already for q cou'
pile Of years previously it bad been his, the
Presidents, opinion, that security should be
asked, besides that in the crop, also IN the
substance of the Estate. His reason was
that when granting assistance from public
means to an Estate, it is given not merely TO
the owner, but, if not as much at least to a
certain extent also, to the mortgagehol.
ders fori if the Estate we're not to be helped, it
would go in the Dealing Court, and the ex'
penses fer carrying on the Estate until sale
can be obtained, would then go out of the
body Of the Estate in the shape of Admins
tration.Debts prior to mortgage-claims. In
many cases it may, In fact, be even more in
the interest Of mortgagehoIders than Of pr'
pretors when the Colonial Treasury eiFss
assistance to Estates. 1t was, then, t. :
supposed that the mortgagehOlders wOull -
glad Of the measure and give their consent to
the bureau claims being admitted prior to thelr
mortgages. At all events, this was the prin-
cipIe at the bottom Of this clause if good
personal security could not be offered besides
the crop, then the advances should be secured
by mortgage. This has, however, shewn it.
self difficult, as In the case of there being
several undergraduates, which is almost al
ways 80, the one might consent, but the other
not or perhaps from mere personal pique one
might withhold the consent, and in that way
1t may become impossible to arrive at the
result. Then again it might be difficult to
obtain the consent Of absent mOrtgageholders
in time. Hence. he must admit, that the only
way to meet the emergency, is to leave it to
the discretion Of the Administration and the
Bureau-Committee. There may be cases
where the crop.security is quite sufficient, and
where IL would be a pity to allow tho property
to go dowu because Of the obstinacy of one
party, or where The consent is altogether with.
held, or cannot be given, as for instance by
the Upper Guardians and Life.Annuitants'
But, the applicants for bureau-kdvances must
be prepared 10 give additional security
where it is required. Here again, the for
tunate change in the weather affords reason
to hope that there will be no great necessi-
ty to exact it. IT. then, the clause ia
question in s 2 can not be understood as
leaving it to the discretion of the Admins
tration and the Bureau Committee, but is con-
strued as an absolute condition for obtaining
bureau. ne would prefer dropping the clause,
so that 10 this respect it should remain as hither.
to else the whole of this clause may be struck
out.
The Chairman found It quite clear that
the wording Of the Ordinance leaves nothing
to the discretion of the Presidency. Bureau
advances could, under this clause, not be grant
ed without additional security, not only because
the express wording of the clause requires 1t.