Company's liabilities and assets, will meet the Bill. Should it, however, happen by any accident, that the Bill were dishonoured, there are many thousands of acres of first rate land purchased by the proceeds of the Bill, which would then be at the disposal of the Local Government, and from which its amount could be raised without the least difficulty; to say nothing of the fact that the Bill being drawn by myself, the Company's assets in the Colony would be primarily liable to meet it. Under these circumstances I respectfully submit that the Treasurer's endorsement (though absolutely necessary to satisfy the Bank), subjects the Local Government to not the smallest temporary inconvenience, and cannot be ultimately productive of any injurious consequence. It is, in fact, a mere matter of form;