NOTE. — Sinking Fund is calculated on the assumption that we can get :H per cent, for 

 our mone y. We could probably do better. We might also yet our loans at a little less 

 than 3j. 



XOTE BY MR. NUNAN, AFTER FIRST MEETING OF SUB-COMMITTEE. 

 The Immigration Agent General thinks £35 per " family " of two 

 would be nearer the amount of cost. (In the case of Chinese we shall 

 have the advantage of the Panama Canal after the current year). He 

 also thinks that there may be difficulty in carrying on two systems of 

 indenture with different periods, viz., five years and back passage for the 

 old system, three without back passage but with land grant for the 

 supplementary and temporary system. He thinks a scheme based upon 

 the actual indent of the proprietors offers more advantages, for instance 

 an agreed indent and a free importation of twice as many as are indented 

 for on the old system. 



Hon. A. P. Sherlock further thinks 4,000 " families " or 8,000 adults 

 a year might be more than the estates could handle, mentioning hospital 

 and housing requirements. Both suggest 5,000 adults a year, the sexes 

 being about equal in numbers. 



These are details which only the Immigration Department and the 

 planters can work out. The main point is the sum to be asked for and 

 the method of application. This must be a fixed sum for the specific 

 purpose of coast labour and colonization, to avoid subsequent complaints 

 of unfair application and to enable the situation to be faced as a whole. 

 The object is to provide indentured labour for the coastlands to replace 

 any special drawing away of labour entailed by railway and development 



