, 1891-10-10

the cneap rates would induce all and every
one TO come for loans the competition for
loans would then be greater and thus Gov
eminent could pick out the best security.
This, be thought, was the best way in which
the immigration Fund could be utilised for
the benefit of the Island outside of the ORR
ginal purport. Further than this, he was
for the present not willing to go. and he
awaited now that the Council should ex-
press its view.
3rd Member for Frederiksted's Country
District (HesoittJ said, the question of other
claims III the estates would perhaps render
The bureau right difficult to obtain fortheSe
loans. In cases under the Dealing Court,
there Creditors have to fOrego their right so
as to prevent the ruin of estates something
similar might be done here, and mortgage
holders might be got to consent to a certain
amount going before them in the crops.
The Governor said the principle of the
Bureau is that it must go before all other
claims III the property; if consent Of mott
gagehOlderS can not be obtained. parties
could not get loans from the Immigration
Fund.
End Member for Frederiksted's Country
District (BlGckCood) said, that mention had
been made OF the plan of fixing the amount
otthe loans according TO the acreage in Cul-
tivatiOn this would givethe figure requisite
for IL bOur wages; but estates require some
thing more than labour wages; supplies must
be provided besides salaries to employees; if
now a planter gives all the security he can
muster to the immigration Fund only for the
labOur money, who is to credit him means
for the other purposes? 1t would be a great
risk to be run by Others. The proposal nam
ed as good security as would be obtained,
and the crop would under all circumstance
eS be the object whereby the planter is
enabled to pay, whether it be mOrtgaged or
not; itImust not be forgotten that crops can
fail even with the bureau on them, and the
money lost self-debtor must find means
to pay. We would certainly not have the
means wasted; we are also all of us willing
to help our neighbour; moreover, ii could
not be tor the benefit of the Island generally
to allow estates TO go out of guilty alton; hence
the best way is to try to keep others ahoat.
Last years crop was an entire failure, the
year before gave a very small crop, with low
prices; there were no prospects of being
able TO pay anything; but things are differ
ent now. The bureau security on the crop
ent@lIS quite a large amount of expenses be-
sides the interest, and it is quite a fixed ex-
perlence that estates are hardly ever able to
meet all, say loans and bureau expenses
he has never been able to get bureau estates
10 pay. If the loans are not granted on
terms advantageous to the planter, it would
simply be worse for the undergraduates as
well as the Estates.
After a few more passing remarks the LIST
discussion was closed, and the proposal
passed to 2nd discussion.
After a respite of 10 minutes, the COancil
proceeded to End discussion on the proposal
from 4th Member for Christiansted's Coun-
try District (Didrichsen.)
No amendments were proposed.
4th Member for Christiansted's Country
District (Didfichsen) would suggest that u
Committee be appointed to visit the estates
seeking loans, to report on the state of the
estate, the acres in plants etc., and to give
opinion OF the prospects of the coming year;
OF course there should not be lent more
than is requisite, and only as much as is
requisite for labourers' wages.
End Member for Frederiksted (Brown)
said, His Excellency had made mention ofan
Ordinance to carry out the proposed mea-
sure; and as the matter is urgent, he would
say the sooner we get it, the better; instead
OF having a Committee tor the purpose named
by the last Speaker, we would do better to
leave all to His Excellency the Governor
when framing the Draft in question.
3rd Member for Frederiksted's Country
Dist!ictaf HeWitt) considered the proposal
from 4th Member for ChriStiansted's Coun-
try District (Didrichsen) too premature the