180 Timehri. 



expenses tor eight years, colonization and development of the hinterland, 

 and £6Q0>000 for development of the coast and river districts and meeting 

 expenses in connection with the withdrawal of labour. 



7. That the starting point of the railway shall be Georgetown, and 

 not Wismar or some other place up the Demerara River. 



8. That the question of the Constitution be not dealt with by this 

 Committee, there being at present no information before us as to whether 

 or not he Secretary of State will raise this point as one of the conditions 

 for allowing the loan asked for. 



9. That the portion of the loan allocated for coastlands and river 

 districts development shall be repaid as follows : — 



First three years nothing, after three years the interest on full 

 amoun r plus the deferred interest for three years plus sinking fund for, 

 forty-seven years on total of loan and accumulation of interest. 



That the amount set aside for railway construction, colonization 

 development of the hinterland and deficit for working expenses during 

 first eight years be paid as follows : — 



First eight years nothing will be paid — after 8 years half interest on 

 the ,£ 1,400,000, after sixteen years full interest on the whole amount 

 plus interest for first eight years deferred, plus deferred half interest 

 on second eight years, plus sinking fund on entire amount for thirty- 

 four years — or on such other terms as the Secretary of State may see 

 fit to allow taking into cosinderation the financial position of the 

 colony. 



10. The loan to extend over a period of fifty years. 



The Committee were unanimously in favour of the Hinterland Rail- 

 way being eventually linked up with the railway in Brazil, and a strong 

 point was made that, if there was to be a railway at all, the industries of 

 the coast and river districts must be safeguarded as respects labour with- 

 drawn from those districts for the railway and for colonization of the 

 hinterland. 



The Committee further specially emphasise the fact that there must 

 be colonization and development schemes for the coast and river districts, 

 side by side with any scheme for a railway to, and development of, the 

 hinterland of the colony. 



The Committee ask that a Copy of this report be forwarded to the 

 Secretary of State for the Colonies by the first opportunity. 



MINORITY REPORT. 



We, the undersigned members of the Committee appointed to discuss 

 Your Excellency's Despatch No. 5 of the 5th January, 1914, have with- 



