219 
Estimates foe 1908-09. 
Expenditure. 
| 
Revenue. 
To London Exhibition . . . 
500 
Bv Balance from last year • • • 700 
,, Agricultural Bulletin 
1,000 
“47 Representatives at $100. 4,700 
,, Secretary ••• 
2,400 
,, General Charges 
300 
,, Surplus ••• 
1,200 
. 
$5,400 
$5,400 
XIII. The following correspondence re Loans to Planters is read. 
The Resident-General, F. M. S., ^9th February 1908. 
Kuala Lumpor, 
Sir, 
Loans to Planters. 
I understand that the limit, outlined by II . E. the Governor in 
instituting this liberal policy, has now been reached and that, pending 
further instructions, no more loans are to be issued at present. 
I feel certain that H. E.’s irtention in mentioning' the sum in 
question — which I believe was originally fixed at $500,000 — was nob 
to lay down a hard and fast limit, but rather meant tentatively. This 
interpretation is further borne out by the fact that H. E. subsequently 
doubled the original limit, and planters in general have no doubt so 
understood his circular. 
Many places then having been opened up, the owners believing, 
that they had a Government loan ready to fall back upon, when needed, 
would now find themselves in sore straits, if this enlightened and gen- 
erous policy was suddenly discontinued. 
It is needless for me to point out, how hard such a stoppage of 
Government Loans would hit the 'Planters just at present, when there 
is a depression in all financial circles, consequent on the recent crisis 
in the United States of America. 
Trusting that the planters will have your valued support in repre- 
senting this matter to his Excellency, 
I have, etc., 
(Sgd.) R. W, Harrison, 
Chairman. 
No. 1908/08. 
7th March , 1908. 
Sir, 
I am directed by the Resident-General to acknowledge the receipt 
of your letter of the 29th ultimo, regarding the stoppage of Government 
loans to planters, the limit of which has already been reached. The 
High Commissioner has approved of the limit being extended to one 
and a half million dollars. 
