•• Timehri " and Development. _<>1 



5. That the question of whether the railway should be built by the 

 Government or by contractors be left to His Majesty's Government for 

 final decision. 



ti. That the Secretary of State be asked to sanction a loan aggregating 

 £2,000,000— at lowest possible rate of interest, of which loan £1,400,000 

 be allocated for railway construction, deficit on working expenses for 

 eight years, colonization and development of the hinterland, and 

 £600,000 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 no the 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 

 amount 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 S 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 tit to 

 allow taking into consideration 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 lie 

 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. 



