, 1881-04-02

Iown U1Strlct-....... Willard
End Member for Christian.
sted's Country District. Coulter.
xth do. DOT. Farrelly.
End Member for Frederik-
sted'S brown.
LIST Member for Frederik.
sted's Country District. Fleming.
IND do. do........J Latimer.
of which the necessary communication
will be made to the Presidency.
The Chairman further notified that by q
letter of 26th February the Presidency
had forwarded the Communal Accounts
for 1867, of which there had several
times been spoken in the Council, and
which had been lost. The Council would
now have TO appoint a Committee to revise
those accounts but he would suggest
that the appointment of the Committee
be postponed till after the new elections
of Members.
The Council consented tacitly to post
pone the appointment of a Committee to
revise the Communal Accounts for 1S76.77,
until the new elections had been made.
The Council then proceeded to the Order
of the Day viz:
l. Interpolation from LIST Member for
ChriStiansted (Willard) as follows:
DECENTRALIZATION
to the Presidency Of st. Croir from the
LIST Member for C~hristianStedS Toaca
(Willard) In the Colonial Council Of st.
Croir.
is it the intention of the Presidency to
continue the practice of receiving from
Officials in this Island monies into the
Colonial Treasury for the purpose of re-
hitting them to Copenhagen to private
parties at a loss and with a risk to the
Treasury or should not that practice be
altogether discontinued p
REMARKS.
In the discussion in the Colonial Coun.
CLIPS Meeting on the 10th January last, it
was by all conceded that the Colonial
Treasury suffers @ loss, which at times
might amount to a considerable sum by
receiving monies from Officials at the rate
of 81 p. at. between the West India
Dollar and the Danish Grown, AM then
remitting them at a much higher rate, say
10 to II p. ct. or even more, to private
parties in Copenhagen for the benefit of
the Officials land it was shewn and ad.
mitted that that practice ia on the increase,
both as regards the number of applications
and The amounts RENTED.
As it was further shown that the origi.
nal intention III allowing the system
alluded to has been considerably over
stepped without any possibility of coun.
teractlng this, and as, moreover, circum-
stances have altered very much since then,
the Banks as we'll as private parties afford.
ing ample me ans of remittance; and as the
exhausted state of the Colonial Treasury,
resulting mainly from a general financial
decline in the Island, does no longer admit
of the Treasury bearing the direct loss
occasioned by the difference of exchange,
besides the loss that might, eventually,
accrue from any mishap with the bills
bought for account Of the Treasury,-it
would seem but natural that the practice
alluded to should be discontinued alto.
gether.
st. Croix 9th January 1889.
J.. w. WILLARD.
The Interpolation with remarks was read
[previOus introduction p--.--.
1st Member for Christiansted IWillardl
thought it would be necessary to make
but very few remarks after the discussions
that have already transpired in the Coun-
Gil and the remarks that are already at
tached to the Interpolation. 1t must be
evident to every honorable Member that
the transmission of monies in the way and
for the purposes stated, and for which
there is no law, but merely O. custom,
must cause a loss to the Treasury, when
the amounts for transmission are received
at the rate of. 81 p. ct. which at the time
were. supposed sufficient to cover all the
attendant expenses, but which has not
been the case of late years. We all know
the state of the Colonial Treasury, and
that we are not in a position to spend