, 1891-11-14

The Governor said in Introducing this Draft.
it was not necessary for him to add much beyond
what is containedin the Draft OF Ordinance and
the Rules accompanying it. Those Drafts are
namely framed in accordance with what was
agreed in the. conference between the Govern
ment and the Committee OF the Council appoint
ed to assist the Government in framing the
Draft. The Draft of Ordinance is entirely as it
was then agreed on; but there Is one point in
the rules where there is some difference, and
which he would explain, namely IN regard to-
Interest on the loans. He had recommended to
the Home Government that those who got loans
from the immigration Fund should be exempt
ed from the use of stamp paper Tor the bonds,
this was. however, refused 10y the Home Co.
vernment, the Interest is put at 4 per cent.
which is not as cheap as he could have wished
for when stamps are to be paid, still it's cheap
er than what it has been before. This is the
only point of difference, otherwise the propos-
ais are exactly in accordance with what was
agreed on; and he would now the
matter for the Councils adoption.
End Member for Christiansted (Stdkemann)
would beg to say that he as one of the Mem
bers of the Committee appointed to confer with
His Excellency about this matter, has found
the Draft of Ordinance and of the Rules for
the loaning of these $4,000 from the 1mmi-
grafton Fund to be in accordance with what
was adopted in the conference between the
Government and the Council's Committee; and
as regards the interest, it will be remembered
that His Excellency reserved his right, while
he engaged to submit to the Ministry the ques-
ton of lending out at a lower rate OF interest;
after the answer has been received from the
Home Government, the rate OF interest has
been fixed accordingly. AS stated by him on q
former occasion, the interest ought not 70 be
-144 a1 InonO chnrIH
only be granted to those really needing the
same, but not to others not requiring it, but
who can obtain funds elsewhere. He could
therefore recommend the Draft for adoption.
3rd Member for Christiansted's Country
District (Didr chsen) agreed entirely IN the
remarks from the last honorable Speaker.
Bird Member for Frederiksted's Country
District (HegitO would beg to enquire II the
Colonial Council is to have any influence IN
the election of the Commission to examine into
the affairs of the estates for whom these loans
are sought.
The Governor would in reply to the last
speaker (HeaoitC beg to say, that the appoint
ment of the Commission must be lett with the
Government according to the Bureau Ordl-
nance of 1928 the Government has to call 2
independent and wealthy planters to assist in
looking into the amounts required by the ap-
DIAC01OOs
3rd Member for Frederiksted's Country
District (HewitO: The old bureau law has In
times past been applied also forloans from the
Colonial Treasury but here we haye loans
from the immigration Fund, the application OF
which is subject only to the Councils vote.
We have seen that even with that old bureau
law, the Treasury could not be protected from
losses, which were sustained nevertheless to a
considerable extent, and now we have to do all
possible to gnard against such losses, and IN
that respect he had understood that the Coun-
Gil would be given the opportunity OF sharing
in the control through q Member OF the COM
mission.
The Governor The wording OF the OrIl-
nance provides that the old rules shall be
followed now ; the new rules go out from that
also. The control according to So OF those
rules will be exercised by special provisions OF
the Government.
No one else requested the word; LIST discus
sion was closed, and the Draft with Rules
passed to End discussion; which by the Coun-
cil's vote came on at once.
At this End Discussion no amendments were
proposed.
End Member for Christiansted (Staken0nn)
said in regard to the question of control, 1t
seemed to him thai it is but fair that no OBJ
lection should now be raised. Five OF the
Couneil's Members have partaken In the