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Title: Saint Vincent government gazette
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Permanent Link: http://ufdc.ufl.edu/UF00077473/00624
 Material Information
Title: Saint Vincent government gazette
Alternate Title: Government gazette
St. Vincent government gazette
Physical Description: v. : ; 35 cm.
Language: English
Creator: Saint Vincent
Publisher: G.P.O.
Place of Publication: Kingstown, St. Vincent
Kingstown, St. Vincent
Publication Date: April 10, 1962
Frequency: weekly
regular
 Subjects
Subject: Gazettes -- Periodicals -- Saint Vincent   ( lcsh )
Genre: federal government publication   ( marcgt )
legislation   ( marcgt )
periodical   ( marcgt )
Spatial Coverage: Saint Vincent and the Grenadines -- Saint Vincent
 Notes
Dates or Sequential Designation: v. 1, no. 1 (1868)-v. 112, no. 48 (Tues., 23 Oct. 1979)
General Note: Description based on: Vol. 111, no. 1 (Tues., 3 Jan. 1978); title from caption.
General Note: Supplements which accompany some numbers contain extraordinary issues, ordinances, statutory rules of order, etc.
 Record Information
Bibliographic ID: UF00077473
Volume ID: VID00624
Source Institution: University of Florida
Holding Location: University of Florida
Rights Management: All rights reserved by the source institution and holding location.
Resource Identifier: oclc - 19844741
lccn - sn 89018505
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Succeeded by: Government gazette

Table of Contents
    Section
        Page 1
    Main
        Page 113
        Page 114
        Page 115
        Page 116
    Supplement to Gazette: Minutes of the Meeting of the Legislative Council held on the 1st February, 1962 and of the Budget Session held from 15th to 21st February, 1962
        Page A-1
        Page A-2
        Page A-3
        Page A-4
        Page A-5
        Page A-6
        Page A-7
        Page A-8
        Page A-9
        Page A-10
        Page A-11
        Page A-12
        Page A-13
        Page A-14
    Supplement to Gazette: The Report on the Work of the Port and Marine Department for the year ended 31st December, 1961
        Page B-1
        Page B-2
        Page B-3
        Page B-4
        Page B-5
        Page B-6
        Page B-7
        Page B-8
Full Text


Publications Not Available

Saint Vincent Government
Gazette

v. 95 no. 21

Order of the day
























SAINT VINCENT


GOVERNMENT GAZETTE

Sublishd b1) uthoritg.


VOL. 95.] SAINT VINCENT, TUESDAY, 10 APRIL, 1962. [No. 21.


GOVERNMENT NOTICES.

No. 93.
LEGISLATIVE COUNCIL MEETING.

It is notified for general information that there will be a meeting of the
Legislative Council at the Council Chamber, Kingstown, on Thursday, 12th
April, 1962, at 10.00 a.m.
The Order of the Day of this Meeting is published with this issue of the
Gazette.
A cordial invitation t6 attend is extended to the General Public.
10th April, 1962.
(L.C. 1.)

No. 94. No. 95.
APPOINTMENT. RESUMPTION.
SWith reference to Gazette Notice
APPOINTMENT OF TRINIDAD AND TOBAGO No. 6 of 3rd January, 1962, Mr. GORDON
REPRESENTATIVE ON BOARD OF VWEEKES, Senior Binder, Government
Printing Office, resumed duty on 6th
COMMISSIONERS OF CURRENCY, BRITIS1H April, 1962.
CARIBBEAN TERRITORIES (EASTERN 10th April, 1962.
GROUP). (P.F. 518).

The Secretary of State for the Colo- No 96.
nies has, on the nomination of His! BANK HO
Excellency, the Governor of Trinidad BANK HOLIDAYS.
and Tobago, appointed Mr. L. A. REECE Under the Bank Holidays Ordinance,
to be the Commissioner representing Friday the 20th April, 1962 (Good Fri-
Trinidad and Tobago on the Board of day), and Monday 23rd April, 1962
Commissioners of Currency, British (Easter Monday), being Bank Holidays,
Caribbean Territories (Eastern Group) all Public Offices will be closed on those
in the place of the Financial Adviser. days.
10th April, 1962. 10th April, 1962.





X



5 /J55



5 /55












SAINT VINCENT, TUESDAY, 10 APRIL, 1962.-(No. 21.)


No. 97.
SUPPLE, 2INTS TO GAZETTE.

Copies of the Minutes of thi M21 ting
of the Legislative Council held on the
1st February, 1962 and of the Budget
Session held from 15th to 21st Febru-
ary, 1962, which may be seen at Gov-
ernment Office, tile Kiiygstown Library,
and at all Revenue 0: are published
with this issue of the Gazette.
10th April, 1962.

No. 98.
The Report on the Work of the Port
and Marine Department for the year
ended 31st December, 1961 is publish -d
with this issue of the Gazette.
10th April, 1962.

No. 91.
UNIVERSITY COLLEGE OF THE
WEST INDIES.


iAUULl Uki1 SOulAL
NOTICE.


SCIENCES


Applications are invited for admis-
sion to the two-year course leading to
the Certificate in Social Work of the
University College of the West Indies.
Candidates must possess the follow-
ing qualifications:
1. Degree of a recognized University;
or
2. The Iigher School Certificate, or
equivalent, in qt least two Princi-
pal or two Advanced level sub-
jects; or
3. The Old London Matriculation or
the School Certificate with credits
in English, Mathematics, a foreign
language and two other subjects,
or the ordinary level G.C.E. in
those subjects.
Consideration will be given to candi-
dates over the age of 23 years who do
not possess the precise qualifications
under 1, 2, or 3 above PROVIDED such
candidates
(a) give evidence of academic quali-
fications acceptable to the College
and
(b) submit evidence of not less than
three years' experience,
(i) Community Development
(ii) Group Work
(iii) Case Work
Application Forms may be obtained
from the Assistant Registrar, the Regis-
try, University College of the West In-
dies at Mona, Jamaica, or St. Augustine,
Trinidad, and from the Department of


Extra-Mural Studies in other territo-
ries.
ThP r-sinig date for applications is
April 30, 1962.
3rd April, 1962.



No. 82.
THE BRITISH COUNCIL-CO-OPERA-
TIVE UNION LIMITED.

Sc'iiikLARSIrIP FOP COLONIAL STUDENTS
IN CO-OPERATION TO THE CO-OPERATIVE
COLLEGE, STANFORD HALL, LOUGH-
BOnouIGH, LEICESTERSHIRE, ENGLAND.

A scholarship is being awarded
jointly by the British Council and the
Co-operative Union Ltd., which provide
one full session of three terms residen-
tial study at the British Co-operative
College, Stanford Hall, commencing 8th
October, 1962. For the 1962/63 session
it i itol-n nl f1 1-t +1 aren for 'recruit-
ment for this scholarship should be con-
fined to North Borneo, St. Vincent
(Windward Islands), Northern Rhode-
sia and Basutoland.

GENERAL INFORMATION.
Period of Scholarship:
Session opens 8th October, 1962.
Session ends 29th June, 1963.
Value of Scholarship:
The value of the scholarship will
ne sufficient to cover:-
(a) The cost of travel to and from
Great Britain.
(b) The cost of tuition and accom-
modation at the Co-operative
College (225).
(c) A student personal allowance
during term time (110 for 32
weeks).
(d) A student personal allowance
during va,-ation periods of
1. 11s. 4d., per day.
(e) A student personal allowance
for the pIriod between the
date of arrival in Great Bri-
tain and commencement of
first term at the College: and
also for the period between the
end of session and the actual
date of departure from Great
Britain (provided the student
takes the first available return
passage after the end of ses-
sion).
Age:
The award is intended for an adult
student with some practical experi-
ence of consumer co-operation.












SAINT VINCENT, TUESDAY, 10 APRIL, 1962.-(No. 21.)


Education Attainment:
The applicant should be proficient
ellnoug ill Engi"h to 'olloV the Slu-
dies propost'd and capable of p)roliing
by them.

Medical Fitness:
The successful candidate will be
required to produce a medical certifi-
cate before the opening of session,
that he is not suffering from any dis-
ease which will interfere with his own
studies or with the welfare of other
students.

Course:
The course will be the usual one
year course covering co-operation in all
its aspects, with special emphasis on
consumer co-operation.

Applications to be received at the
College by 16th April, 1962.
Fl-rtlior -narf;onli1- -n- kn Vtrt ^Tnm!
from the Acting Registrar of Co-opera-
tive Societies, Agricultural Department,
Kingstown, St. Vincent.
27th March, 1962.

By Command,

E. A. BRATIIW\AITE.
Chief Secretary.

GOVERN M ENT (OFFICE,
10th April, 1962.


DEPARTMENTAL AND
OTHER NOTICES.

DEPARTM 'IET OF AGRICULTURE

NOTICE.

It is hereby notified for general in-
formation that, until further notice,
there will be no export of animals as the
Veterinary Officer will be out of the
territory.
HUGH S. McCONNIE,
Superintendent of Agriculture.
10th April, 1962.

SALE OF HATCHING EGGS.

It is hereby notified for general in-
formation that supplies of fertile eggs
of the Rhode Island Red and White
Leghorn breeds suitable for hatching
arc now available at the following Dis-
trict Stud Centres:-

(b) Rivulet
(c) Layou
(d) Belmont
(e) Three Rivers
These eggs are from selected import-
ed breeding stock of high producing
strain.
Interested persons may contact their
District Agricultural Officer or the
stockman in charge of the Stud Centres
from whom supplies may be obtained.
HUGH S. McCONNIE,
Superintcndent of Agriculture.
3rd April, 1962.


PRINTED BY THE GOVERNMENT PRINTER AT THE GOVERNMENT PRINTING OFFICE,
KINGSTOWN, ST. VINCENT.
[ Price 30 cents. J








MINUTES OF THE MEETING OF THE LEGISLATIVE COUNCIL HELD
AT THE COUNCIL CHAMBER, KINGSTOWN, ON THURSDAY,
1ST FEBRUARY, 1962, AT 10.00 A.M.

PRESENT:

The Honourable E. F. ADAMS, Speaker,
S B. F. DIAs, Attorney General,
S E. T. JosHUA, Member for Central Windward, Chief Minister,
S C. L. TANNIS, Member for the Grenadines, Minister for Com-
munications and Works,
,, S. E. SLATER, Member for North Leeward, Minister for Social
Services,
A. C. ALLEN, Member for Kingstown, Minister for Trade and
Production,
S H. F. YOUNG, Member for South Leeward,
S L. C. LATHAM, Member for South Windward,
,, ,, Mrs. I. I. JOSHUA, Member for North Windward,
S. A. HAYNES, Member for West St. George,
S R. M. CATO, Member for East St. George,
S A. C. HADLEY, First Nominated Member,
C. deB. BARNARD, Second Nominated Member.
1. PRAYERS.
Mr. Speaker opened the' meeting with the reading of prayers.
2. MINUTES.
Minutes of the Meetings held on 14th and 28th December, 1961 copies of
which had been previously circulated were taken as read and were confirmed.
3. ANNOUNCEMENTS.
Upon Mr. Speaker informing the House that there were no announcements,
the Honourable Member for South Leeward asked when would be a reasonable
time for the election of a Deputy Speaker. Mr. Speaker replied that the matter
was receiving the consideration of the Secretary of State and in due course the
vacancy would be filled.
The Leader of the Opposition then raised objection to the manner in which
the Opposition had to get information on important matters relating to the
House. Following this objection a short debate ensued whereupon Mr. Speaker
ruled no further debate on the matter.
4. NOTICES OF MOTIONS.
There were no Notices of Motions.










5. NOTICES OF QUESTIONS.
The Honourable learned and gallant Member for East St. George gave
notice of the following questions:
1. Will the Minister for Communications and Works' please state
whether he is aware of the gross dissatisfaction existing among the people
of the Grenadines arising out of the change in schedule of the motor vessel
plying between St. Vincent and the Grenadines ?
2. Will the Minister for Communications and Works please state
whether there was any consultation with the people of the Grenadines before
the radical change advertised in the Government Gazette for the tender for
conveyance of mails, passengers, etc. were decided upon by Government?

6. PETITIONS.
No Petitions were presented.
7. PAPERS.
The following Members laid the Council Papers indicated hereunder:
Chief Minister:
Council Paper No. 1. of 1962: Income Tax (Evasion pf Tax Payments)
(Prevention) Rules.
Council Paper No. 2 of 1962: Barrouallie Town Board (Election of
Members) (Amendment) By-Laws.
Council Paper No. 3 of 1962: Motor Vehicles (Fees and Duties)
Regulations.
Council Paper No. 4 of 1962: Currency Regulations.

Minister for Communications and Works:
Council Paper No. 5 of 1962: Shop (Hours of Opening and Employ-
ment) (Temporary) Order.
Council Paper No. 6 of 1962: Post Office (Amendment) Regulations.
8. QUESTIONS.
The Honourable learned and gallant Member for East St. George asked
the first Question standing in his name:
Will the Minister for Communications and Works please state whether
any decision has been arrived at in connection with the appeal for a post
office in the Village of Calder

The Minister replied as follows:
No decision has been arrived at.
Supplementary Question:
The Honourable learned and gallant Member for East St. George asked:








Will the Minister please say whether the matter is still under consid-
eration and whether there is any possibility of some attention being given
to this matter this year?

The Minister replied:
The matter is still under consideration and some attention will be
given to it.
The Honourable learned and gallant Member for East St. George asked
the second question standing in his name:
Will the Minister for Communications and Works please make an investi-
gation into the shortage of available drinking water in the Belmont area
with a view to bringing some relief to the residents?

The Minister replied:
Provision has already been made in the new water scheme for supply-
ing the residents of Belmont with pipe-borne water.

Supplementary Questions:
The Honourable learned and gallant Member for East St. George asked:
Will the Minister please state when it is expected that this new scheme
will come into effect?

The Minister replied:
The new water scheme is in effect.
The Honourable learned and gallant Member for East St. George asked:
In the Belmont area?
The Minister replied:
I cannot give data.
The Honourable learned and gallant Member for East St. George asked:
Is there any possibility of this scheme coming to Belmont area in the
near future sometime this year?

The Minister replied:
I would normally claim notice for a question like that. I cannot
commit the Public Works Department to a date unless notice is given of
the question and the matter is gone into with the Water Works Division.
The Honourable Member for South Leeward asked the first Question stand-
ing in his name:
Will the Minister for Trade and Production please state whether negotia-
tions for the sale of the Old Cotton Ginnery site have broken down or have
been abandoned?
If the answer is in the affirmative will the Minister please state what are
the present plans of Government regarding this site ?








The Minister replied:
Negotiations have been abandoned.
Active consideration is being given for the use of the site for the
purpose of :rebuilding the Ginnery.
Supplementary Question:
Tie Honourable Member for South Leeward asked:
Will the Minister please say how soon it is proposed to start rebuilding?

The Minister replied:
I am n)t in a position to answer that question at this time.
Tie Honourable Member for South Leeward asked the second Question
standing in his name
Will the Minister .for Communications and Works please strhe for the
information of the Council the basis on which the Government stone quar-
ries worked and the arrangements under which the crushing operations are
carried oui at Arnos Vale?

The Minister replied:
There are two Government quarries and the quarrying and crushing
operations of one were carried out on a contract basis (Arnos Vale).
Supplementary Question:
The Honourable Member for South Leeward asked:
Will the Minister please state who the contract was given to and who
is the present contractor of the quarry ?

The Minister replied:
The contractual arrangements were carried out by Mr. Conrad Forbes.
The Honourable Member for South Leeward asked the third Question
standing in his name:
Will tl-e Minister for Communications and Works please state the
terms of the arrangements under which Mr. Conrad Forbes has been oper-
ating a stone crusher at Arnos Vale?

The Minister replied:
This is answered in Question 2.
The Honourable Member for South Leeward asked the fourth Question
standing in his name:
Will the Minister for Communications and Works please state the
number of :tone crushers in the possession of Government, the location of
each crushe" and the conditions under which each was operated over the
last six months?








The Minister replied:
There are nine (9) crushers and these are sited in the following areas:-
Colonarie
North Union
Mesopotamia (2)
Belair
Arnos Vale
Ottley Hall
Layou
Wallilabou
With the exception of the Arnos Vale crusher all crushers were
operated by P.W.D.
Supplementary Question:
The Honourable Member for South Leeward asked:
Will the Minister please say where the one purchased from George
Charles is placed?
The Minister replied:
No crusher wa;, purchased from George Charles.
The Honourable Member for South Windward asked the first Question
standing in his name:
Will the Minister for Communications and Works please state:
(a) the purchase price and other terms under which a Stone Crusher and
shed were purchased from Mr. George Charles of Arnos Vale?
(b) The present location of this crusher and the use to which it is put at
present ?
The Minister replied:
(a) No crusher was bought from Mr. George Charles of Arnos Vale.
A crusher was bought from Messrs. Olds Discount Co. (T.C.C.)
Ltd. at a cost of $7,240.00.
The Shed was bought from Mr. George H. Charles at a cost
of $1,000.00.
(b) The crusher is sited on leased land at Arnos Vale and will be used
in connection with road work until work on the Deep Water Pier
commences.
Supplementary Question:
The Honourable learned and gallant Member for East St. George asked:
Will the Minister please state why he had to enter into these negotia-
tions with Old's Discount and Mr. George Charles when Government is
already in possession of so many crushers ?
The Minister replied:
I have already replied to that question and the information which the
Honourable Member seeks is in section (b) of the'reply.








The Honourable Member for South Windward asked the second Question
standing in his name:
Will the Minister for Communications and Works please state the use to
which the Public Works Truck located at Bequia is being put ?

The Minister replied:
The truck is being used in connection with road reconstruction and
maintenance.
Supplementary Question:
The Honourable learned and gallant Member for East St. George asked:
Will the Minister please state whether this P.W.D. truck is operated
on a contract basis

The Minister replied:
The truck is operated by the Bequia District Council.

9. MoTIONS.
The Honourable Member for East St. George seconded by the Honourable
Member for South Leeward, moved the motion standing in his name:
WHEREAS the plans for an independent Federation of the West Indies have
been severely handicapped and set back by the decision-taken by the territory of
Jamaica to secede from the Federation.
AND WHEREAS it is the feeling of this Ionourable House and of the people
of St. Vincent and the Grenadines that the remaining territories of the Federa-
tion should continue together as a Federation.
BE IT RESOLVED that a Committee of this House be set up to examine and
report on the implications of a Federation of the remaining territories of the
Federation or such of them as may be desirous of remaining in an independent
Federation of the West Indies.
The Honourable Chief Minister then moved the following amendment to
the motion:
WHEREAS the plans for an independent Federation of The West Indies
have been severely handicapped and set back by the decision taken by the
territory of Jamaica to secede from the Federation and the intimation of
the Government of Trinidad to similarly secede:
BE IT RESOLVED that this House approves the action taken by the
Government of St. Vincent to continue in a Federation with Barbados with
the Leeward and Windward Islands and that the Opposition put forward
proposals for consideration by the Government of a Federation of the re-
maining eight Units.
During the debate on the Amendment the sitting was suspended for
Luncheon at 12.31 p.m.








RESUMPTION-2.14 p.m.
All Members were present except the Honourable member for West St.
George. The debate continued and at 5.03 p.m. the sitting was suspended
for Tea.

RESUMPTION-5.32 p.m.
All Members were present as heretofore. The debate continued during
which the Honourable Chief Minister laid the Trinidad Guardian of 22nd Janu-
ary, 1962 upon the Table. The Amendment after having been fully debated
was put to the vote and passed without division-Ayes 6, Noes 5. The original
motion was then put to the vote and lost, the House dividing as follows: Ayes
5, Noes 6.
Ayes Noes
Hon. R. M. Cato Hon. E. T. Joshua
,, H. F. Young ,, C.L. Tannis
L, C. Latham A. C. G. Allen
,, A. C. Hadley ,, S.E. Slater
SC. deB. Barnard ,, Mrs. I. I. Joshua
B. F. Dias

10. BILLS.

FOR FIRST READING:
The following Private Bill was introduced and read a first time:
The Roman Catholic Bishop Incorporation Bill.

FOR SECOND READING:
The Law Revision Bill was read a second and third time and passed with-
out amendment.

11. ADJOURNMENT.
The following Members spoke on the subjects indicated hereunder:
Honourable Member for South Leeward:
Disaster of Barrouallie Black Fish Boat
Cotton Ginnery
Tenders etc. for Mail Service
Stone Crushers
Arnos Vale Airport
Minister for Social Services:
Disaster of Black Fish Boat
Barrouallie Town Board Election








Minister for Communications and Works:
Political deterence of Government Projects
Black Fish Industry
Stone Crushers
Arnos Vale Airport
Tenders for Mail Service
Honourable Member for East St. George:
Tenders etc. for Mail Service
Loans
Select Committee on Standing Rules etc.
Barrouallie Town Board Election
Hansards
Answers to Questions.
The Honourables R. M. Cato, H. F. Young and L. C. Latham having left
the meeting en bloc, the Honourable Chief Minister then spoke on the following
subjects:
Hansards
Answers to Questions
Barrouallie Town Board Elections
Loans
Cotton Ginnery

There being no further business the meeting adjourned sine die at 9.45 p.m.

E. F. ADAMS,
Speaker.

Confirmed this 29th day of March, 1962.
E. F. ADAMS,
Speaker.









MINUTES OF THE MEETING OF THE LEGISLATIVE C UNCIL
HELD AT THE COUNCIL CHAMBER, KINGSTOWN, ON THURSDAY,
15TH FEBRUARY, 1962, AT 10.00 A.M.

BUDGET SESSION.

PRESENT:
The Honourable E. F. ADAMs. Speaker,
B. F. DIAS, Attorne!y General,
E. T. JOSHUA, Member for Central Windward, Chicf Minister,
C. L. TANNIS, Jlrflicrr for tlih GreCadines, Minister 'or Com-
munflicfltioi:. aid Works,
S. E. SLATER, Mc31ni0 r (or North Leeward, Minister for Social
Services,
A. C. ALLEN, Memb, r for Kingstown, Minishr, for Trade and
Production.
H. F. YOUNG, .liember for South Leeward,
L. C. LATIIAM, len.1iibcr for onth Windward,
SMrs. I. I. JoSIIUA, .lIcnib. r for North Wi dward,
H. A. HAYNES, Member for W(st fSt. George,
R. M. CATO, Miribe' for East St. George,
A. C. HADLEY, First Nominated Member.

1. PRAYERS.
Mr. Speaker opened the Meeting with the reading of Prayers.

2. ANNOUNCEMENTS.
Mr. Speaker announced the receipt of the following letter of resignation
which was read by the Clerk:

Kiingstown,
15th February, 1962.

The Hon. Speaker of the Legislative Council,
Kingstown.

Sir,
When I accepted nomination to the Legislative Coiuncil, I was under
the impression that members were nominated to represent interests that
would not, in the ordinary course of vents, be given any, or any adequate.
representation by the Elected members.
I still hold the view that the original purpose of nomination was as I
have stated; recent developments, however, seem to indicate that a nomi-
nated member should be perpared to support Government Poli, y at all


iy at all








costs even though, in so doing, he is forced to go contrary to the dictates
of his conscience.
I have been at all times, and still am, prepared to give all reasonable
support to Government measures except in those cases, recently all too
common, where the proposed measures appear to be outrageous; apparently
this is not enough.
There are, undoubtedly, thosp wkh_ would be prepared to give blind
allegiance and unquestioning loyalty to Government without any resulting
qualms of conscience and, after giving the matter the most careful consider-
ation, I have come to the conclusion that my proper course of action would
be to make way for one of these; accordingly, I now have the honour to
tender herewith my resignation from the Legislative C', uncil of Saint Vin-
cent with effect from the date hereof.
I have th honour to be,

Sir,
Your (Obedient Servant,

(Sgd.) C. deB. BARNARD.

3. (a) BILLs.
The Honourable Chief Minister laid the Admi.. trator's Certificates of
Urgency upon the Table and the following Bills were introduced and read a
first time:
Customs Duties (Amendment) Bill.
Appropriation (1962) Bill.
3. (b) ADDRESS BY CHIEF MINISTER.
The Chief Minister then delivered hi, address to the Council on the intro-
duction of the 1962 Budget. The Ministers for Communications and Works,
Social Services, and Trade and Production also read addresses elucidating the
policy of their respective ministries.
A Certificate of Urgency to permit the Appropriation Bill to be taken
through its remaining stages was laid upon the Table and the Bill was read a
second time. During the debate on the Bill the sitting was suspended for
Luncheon at 12.30 p.m.
RESUMPTION-2.45 P.M.
All Members were present as in the forenoon. The debate continued and
theisitting was suspended for Tea at 4.45 p.m.
RESUMPTION--5.20 P.M.
All Members being present as heretofore. The debate continued and the
House adjourned at 8.00 p.m. until Friday, 16th Februalry, 1962, at 10.30 anm.










RESUMPTION-FRIDAY, 16TH FEBRUARY, 1962 AT 10.00 A.M.

All Members were present as on the previous dly.
Before the meeting proceeded to business Mr. Speaker informed the House
that the Supreme Court was in session, and said hie would be glad if Membeir
tried to be as calm as possible. The Honourable Member for South Leeward
who had the floor, promised to do his best, but was of opinion that the Court
could well have been adjourned pro tom in order to permit members to speak
as freely as they wished.
The debate on the Budget continued and the sitting was suspended far
Luncheon at 12.30 p.m.
RESUMPTION-2.18 P.M.
All Members were present as in the forenoon. The debate continued with
the Honourable Member for South Leeward and the Minister for Communica-
tions and Works contributing. [The Honourable Member for West St. George
left the meeting at 3.22 p.m.] The sitting was suspended for Tea at 4.45 p.m.

RESUMPTION-5.15 P.M.

All Members were present except the Honol-rable Member for West 'St.
'George. The debate continued, and at 5.45 p.m. the Honourables B. F. Dias,
*i. M. Cato, H. F. Young and L. C. Latham were :lot in the House, and no quo-
rum was present. After a lapse of approximately five minutes Mr. B. F. Dias
entered the House and a quorum was then present.
The Honourable learned and gallant Member for East St. George referred
Mr. Speaker and the House to Rule 35, sections 5 a id 6 and informed the House:
(a) that the last minutes of Finance Committee were not yet presented
to the Council as required by section 5; alnd
(b) that certain items of expenditure wnich had in fact been deleted in
Finance Committee still appeared in the Estimates without a motion
to that effect being made otherwise.
Mr. Speaker ruled:
(a) that the minutes in question could not be brought to Council prior
.to their confirmation by Finance Committe e; and
(b) that the Appropriation Bill which is a n otion suffices to consider any
item ,of expenditure which was not appr ved in Finance Committee.
The debate on the Budget continued and the douse adjourned at 8.00 p.m.
until Monday 19th February, at 10.00 a.m.

RESUMPTION-MONDAY, 19TH FEBRUARY, 1962-10.00 A.M.
All Members were present. The debate on tl-e budget continued with the
.Honurables C. L. Tannis and L. C. Latham con ributing and the sitting was
suspended for Luncheon at 12.30 p.m.










RE SUMPTION-2.15 P.M.
All Members were present. The debate continued with the Honourablei
L. C. Latham, A. C. Hadley, A. C. Allen, S. E. Slater and H. A. Haynes con.
tributing. The sitting was suspended for Tea at 4.30 p.m.

RESUMPTION-5.00 P.M.
All Members were present. The debate continued with the Honourable
E. T. Joshua contributing and the sitting was suspended at 8.00 p.m. until
Tuesday 20th February, 1962, at 10.00 a.m.

RESUMITION-TUESDAY, 20TH FEBRUARY, 1962-10.25 A.M.
All Members were present except the Honourable Member for West St.
George.
Before the meeting proceeded to business Mr. Speaker cautioned members
on the use of unparliamentary expressions.
The debate on the budg t continued with the Honourable Chief Minister
contributing. Mr. Speaker interrupted the Chief Minister and informed the
House that Mr. Justice Tay]or'asked if Council would kindly disconnect the
loudspeaker as it was disturbing him in office. The Honourable Chief Minister
seconded by the Minister for Communications and Works moved that the loud-
speaker should remain until the end of the budget debate. A short debate
ensued during which the Honourable Member for East St. George seconded
by the Honourable -Member for South Leeward moved an amending motion
that the loudspeaker be turned off during the sitting of the Court. Mr. Speaker
explained that it was His Loidship who had complained and not the Magistrate
whose court was then in session. The amendment was then put to the vote and
lost without division: Ayes 4, Noes 5, abstention 1.
The debate on the Buc get then continued with the Honourable Chief
Minister winding up, after ivhich the House moved into Committee to con-
sider the Appropriation Bill clause by clause.
In Committee when Coincil passed clause 2 and began to consider the
Schedule, the Honourable Mumber for East St. George asked if Government
were willing to reduce Item "!, Other Charges: Travelling-Members of Coun-
cil, by $3,000 as was decided ii the recent Finance Commiittee meeting on the
Budget. The Minister for Crn-muiiications and Works seconded by the Chief
Minister moved that the $6C,60C which appeared in the Estimates be deleted, and
a token vote of $10 be inserted. This resulted in an uproar from the Opposition
benches, and a very heated d'bite ensued with both sides of the House -.artici-
pating, and Mr. Speaker suspended the sitting at 12.15 p.m. for Luncheon to
permit members to calm themselves.

RESUMPTION-2.30 P.M.
All Members were present as in the forenoon. The Honourable Minister
for Communications and Wo -kt sought and obtained permission of the Chair-
man and the Committee to withdraw the motion in view of the uproar in the,
forenoon.








The Committee continued consideration of the schedule to the Bill. After
a debate the closure was moved by the Government and the Bill passed the
Committee stage without amendment. [The Honourable Member for East St.
George objected to the manner in which the Bill was railroaded through the
Committee.] The Bill was then read a third time and passed without amendment,
and the sitting was suspended for Tea at 5.00 p.m.

RESUMPTION-5.30 P.M.
Al Members were present. The Honourable learned and gallant Member
for East St. George informed the House that members of the Opposition were
molested and threatened by a small band of people in the precincts of the
Council Chamber after Monday's meeting of Council and craved the protection
of the Speaker and the House against future molestation. Mr. Speaker in-
formed the Clerk to instruct the police accordingly.
The Customs Duties (Amendment) Bill was then read a second time and
whilst the Honourable learned and gallant Member for East St. George was
debating the Bill there was an alarm that a nearby building was on fire and the
House adjourned at 6.10 p.m. until Wednesday 21st February, 1962 at 10.00 a.m.

RESUMPTION-WEDNESDAY, 21ST FEBRUARY, 1962-10.00 A.M.
All Members were present except the Honourable Member for West St.
George. The debate on the Customs Bill continued with the Honourables R. M.
Cato, L. C. Latham, C. L. Tannis and H. F. Young contributing. The sitting
was suspended at 12.30 for Luncheon.

RESUMPTION-2.29 P.M.
All Members were present as in the forenoon. The debate continued and
the bill was read a second and third time and passed without amendment.
The following Bills were read a second and third time and passed without
amendment after a short debate in each case:
The Tonnage Dues (Amendment) Bill.
The Estate and Succession Duties (Amendment) Bill.
The sitting was suspended for Tea at 4.40 p.m.

RESUMPTION-5.10 P.M.
All Members were present as heretofore. The Stamp (Amendment) Bill
was read a second time. There was a short debate on the Bill after which it
stood committed to a Committee of the whole House for further details.
The meeting then adjourned sine die at 5.30 p.m.
E. F. ADAMS,
Speaker.

Confirmed this 29th day of March, 1962.
E. F. ADAMS,
Speaker.















PORT AND MARINE DEPARTMENT,
KINGSTOWN,
SAINT VINCENT,
THE WEST INDIES.
9th February, 1962.

THE HONOURABLE MINISTER FOR COMMUNICATIONS,
WORKS AND LABOUR:

I have the honour to submit for the information of His Honour the
Administrator the first report on the work of the Port and Marine Department
for the Year ended 31st December, 1961.

INTRODUCTION.
2. The origin of the Department was contemplated in the year 1956, when
funds were allocated in the annual estimates for its creation, but it was not until
the 1st November, 1961, that a Port Officer was appointed and the nucleus of a
Department was formed.

3. The Department is still not fully established as no provision has been
made for the appointment of a Messenger and a Record Clerk typist. The
absence of the basic office furniture and machinery makes the proper functioning
6f a Department extremely difficult.

4. The Customs and Excise Department was previously charged with the
responsibilities under the Merchant Shipping Acts, 1894, and Ordinances Caps.
198-199, 201-204 of the Laws of St. Vincent.

FUNCTIONS OF THE DEPARTMENT.

5. The functions of the Department are to administer the following Ordin-
ances of the Revised Laws of St. Vincent:-
(i) The Port Officers Ordinance -Cap. 198.
(ii) The Pilots Ordinance -Cap. 199.
(iii) The Kingstown Harbour Regulation Ordinance -Cap. 200.
(iv) The Passenger Boats Ordinance -Cap. 201.
(v) The Harbour Dues Ordinance -Cap. 202.
(vi) The Wrecks Ordinance -Cap. 204.
(vii) The Accidents to Ships (Prevention) Ordinance -Cap. 205.
(viii) The Quarantine Ordinance -Cap. 122.
(ix) The Distressed (Saint Vincent) Seamen's Relief
Ordinance -Cap. 133.

6. The following synopsis of duties of the Port Officer will give a true
picture of the scope of the Department:-
(a) To be in charge of the Management and Navigation of the Ports of
Entry in the Colony and to enforce observance of Port Regulations.
(b) To perform the duties and have the powers of a Port Officer and to
be subject to the responsibilities of the post under the Quarantine
Ordinance.
(c) To visit all ships anchoring in port, from any port or place outside
the Colony.
(d) To be admeasurer of ships for tonnage, etc.
(e) To examine boats etc., for sea worthiness and issue passenger licences.
(f) To perform the duties of a Mercantile Marine Officer, and to be
Chairman of the Board of Examiners for the issue of Masters' Cer-
tificates of Competency.
(g) To be supervisor of Certified Pilots, of Wharves and of Navigation
Lights.

?.21. 7;j9















7. The Collector of Customs and Excise still performs the duties of Regis-
trar of British Ships and ex officio Chief Receiver of Wreck, but with the exist-
ence of this Department these duties will naturally be transferred to the Port
Officer.

8. It is also to be expected that the Port Officer will assume general control
of shipping in the territorial waters of the Colony.


ESTABLISHMENT.
9. The approved establishment for 1961 comprised:-
The Port Officer,
1 Class III Clerk,
2 Lighthouse Keepers and Signalmen.
Only 1 Lighthouse Keeper and Signalman has been appointed. Provision
was also made for the employment of a Relief Lighthouse Keeper and Signalman.


APPOINTMENTS.

10. Mr. G. Lisle Fraser, Acting Di"rK.t Otc. hr, Southern Grenadines,
was appointed to the post of Port Officer with effect from 1st November, 1961.

11. Mr. D. E. N. B. Cox was appointed a Class III Clerk, Port and Marine
Departmeni as from 1st Sepiember, 13ul, buL was assigned for duty at the Cus-
toms and Excise Department until the 21st November, 1961.


NAVIGATION LIGHTS.

12. Two charted navigation lights are installed in the Colony.
The Signal Station at Fort Charlotte is equipped with a Stone-Chance
Beacon with a range of 33 miles (atmosphere 0.9) and Beam Intensity 21,000
Candelas. The characteristics are: Group Flashing White-3 Flashes every
20 seconds,
Period Flash 1.5 sees.
Eclipse 3.0
Flash 1.5
Eclipse 3.0
Flash 1.5'
Eclipse 9.5
The other is a battery operated electrical Winker Luoy at the entrance
to Clifton Harbour, Union Island.

13. A red light is exhibited on the Kingstown jetty and in the cupula at
Police Headquarters.
Lights are also displayed on jetties on the sea coast and in the Grenadines.


REVENUE.
14. The following :s a comparative state ircnt of re-enue for the years
1960 and 1961.

Heads of Revenue 1961 1960 Increase Decrease

$ $ $ $
Port Dues .. 6,928.38 6,241.94 686.44
Tonnage Dues .. 32,449.03 34,120.72 1,671.69
Fees, Registrar Shipping 83.76 150.93 67.17

39,461.17 40,513.59 686.44 1,738.86


86













3

SHIPPING.

15. Hereunder is a table showing the Number, Tonnage, Passengers and
Crews of Steamships, Motor Tankers, Intercolonial Sailing and Motor Vessels
entered at each Port in the Colony during 1961:-


Description


Name of N Number Tons Net Passengers' Crews
Ports


Steamships .. Kingstown 481 542,146 5,542 16,938
Bequia Nil Nil Nil Nil
Union Island Nil Nil Nil Ni

TOTAL .. 481 542,146 5,542 16,938


Namne of
Description Nme o
______---- -- -----
Motor Tankers .. Kingstown
Bequia
Union Island

TOTAL ..


Number Tons Net Passengers, Crews

24 14,214 i Nil 388
Nil Nil Nil Nil
Nil Nil Nil Nil

24 14,214 Nil 388


DescriptionN of Number Tons Net Passengers Crews
Description Ports

Intercolonial Sailing
and Motor Vessels Kingstown 218 8,863 414 1,852
Bequia 26 1,557 Nil 253
Union Island 80 2,514 175 821
1--------1----------- --- ---
TOTAL .. i 324 12,934 589 2,926

The following table shows the Number, Tonnage, Passengers and Crews of
Steamships, Motor Tankers, Intercolonial Sailing and Motor Vessels cleared at
each Port in the Colony during 1961:-

Description ame of Number Tons Net Passengers; Crews
Ports

Steamships .. Kingstown 475 561,091 5,620 16,617
Bequia Nil Nil Nil *Nil
Union Island Nil Nil Nil Nil

TOTAL .. 475 561,091 5,620 16,617


Description Name of Number Tons Net Passengers Crews
Ports

Motor Tankers . Kingstown 20 13,638 Nil 357
Bequia Nil Nil Nil Nil
Union Island Nil Nil Nil Nil

TOTAL .. 20 13,638 ; Nil 357


Description Nameof Number Tons Net Passengers. Crews
Ports

Intercolonial Sailing
and Motor Vessels Kingstown 277 10,605 140 2,318
Bequia 38 2,380 Nil 385
Union Island! 12 371 18 84

TOTAL ..; 327 13,356 158 2,787


4


..; 327 13,356 158 2,787


4














4

LEGISLATION.
16. No legislation affecting the Department was enacted during the year
under review.
The present Kingstown Harbour regulations, S.R. & O. No. 50 of 1944
are both outmoded and inadequate, and steps are being taken to make new regu-
lations.

GENERAL.
17. There were no shipping enquiries held during the year.

18. A Pilot's licence was granted to Mr. Aubrey Munroe, seaman, during
the year, thereby making a total of two Pilots in the Colony.

19. Only one Certificate of Competency was issued during the year to a
Master of a Coastal Trader.

20. It is hoped that construction work on the new Deep Water Harbour
will commence early in the new year.

CONCLUSION.
21. I would like to place on record my appreciation to the Collector of
Customs and his staff for the number of years they willingly discharged the
duties which have now been transferred to this Department, and for their ready
co-operation since my assumption of duties.

G. LISLE FRASER,
Port Oficer.


I











BRITISH CARIBBEAN CURRENCY BOARD ABSTRACT

SHOWING NOMINAL VALUE, PRICE PAID AND MARKET VALUE AT 31st DECEMBER,
1961 OF SECURITIES HELD ON B"ITIALF OF THE CURRENCY FUND AND TIHE
LTQUID PORTION OF THE FUND.

(ARTICLE 7 (4) OF THE FIRST SCHEDULE TO CURRENCY AGREEMENT).


Currency Fund:
Securities held by Crown Agents (Market value at
31st December, 1961)
Debentures in respect of loans to Governments
participating in ihe Currency Agreement held
at Headquarters of the Board

Cash on deposit in Crown Agents Joint Consolidated
Fund

Cash on Deposit in Crown Agents Joint Consolidated
Fund transferred from Income Account at
31st December, 1961 (Article 4 (2) (c) of
the Currency Agreement)

Lien on securities deposited with Crown Agents by
Barclays Bank D.C.O. for issue of currency
before payment of sterling in London


Currency Circulation:
Notes in circulation at 31st December, 1961


Coins ,,


,, ,, ,, ,. ,,


$ 87,352,724.20


10.603,400.00


10,501,602.46


1,084,582.26


...$ 100,240,053.00
4,777,001.00


Excess of Currency Fund over Currency circulation


S 97,956 124.20


11,586,184.72



500.00

109,542,808.92


105,017,054,00

$ 4,525,754.92


SECURITIES HELD BY CROWN AGENTS FOR OVERSEAS GOVERNMENTS AND
ADMINISTRATIONS

Description of Stock. Nominal Value. Price paid. Market Value at
o31st December, 1961.

a s. d. sd. s. di
Australia 21% 1967/71 ... 3,396 17 11 2,989 5 4 2,496 14 4
3 L% 963/65 ... 16,124 18 8 15,298 10 7 14,512 8 10
3 % 1964/66 ... 3,195 17 2 2,980 2 9 2,796 7 6
3 % 1965/67 ...! 33,278 10 0 30,990 12 1 27,787 10 11
3 % 1975/77 ... 42,217 15 7 37,521 1 0 27,652 12 11
31% 1965/69 ... 37,385 5 2 35,235 12 1 29,721 5 7
34% 1961/66 ... 97,719 2 2 96,497 12 4 86,481 8 3
4 % 1961/64 ... 31,000 0 0 32,046 5 0 29,760 0 0
6 % 1974/76 ... 75,000 0 0 75,843.15 0 72,375 0 0
Belfast Corp. Red: Stock
21% 1963/66 ... 3,770 7 11 3,454 12 6 3,261 7 10
Blackburn Crop. Red. Stock
21% 1960/65 ... 7,700 0 0 7,170 12 6 6,814 10 0
Bootle Crop. 3j% 1958/62 ... 6,228 16 2 6,150 19 0 6,166 10 5
Bradford ,, 3j% 1972/82 ... 5,996 4 5 5,718 17 11 3,957 10 1
British Gas Gtd. 4% 1969/72 ... 622,329 5 4 646,316 10 0 525,868 4' 7
Br. Electricity 41% 1967/69 ... 1,113,377 13 10 1.007.238 4 0 1,024,307 8 '8
British Transport Gtd. 3 %1968/73 ... 415,381 1 5 336,083 2 11 311,535 16 1.
,, 4% 1972/77 ... 323,474 14 2 329,696 2 2 250,692 18 0
Ceylon 3 % 1959/64 ... 16;731 18 0 16,250 17 2 14,807 14 8
41% 1965 ... 18,047 17 2 20,033 2 5 16,062 11 11
5 % 1960/70 ... 13,200 0 0 14,503 10 0 10,758 0 0
Consols 4 % 1957 or after 1.2.57. ... 17,397 5 1 17,038 8 8 10,177 7 10

Carried forward


S/^














Description of Stock. Nominal Value. Price paid 31st Decemb, 1961.


Conversion Stook 34% 1969
,, 4% 1962
,, 44% 1963 ...
,, 4% 1964 ...
B/01 ini
Cyprus 3/% 1969/71
4 % 1956/66
East Africa High 3 1966168 ...
Commission 3 1966/68 ...

4 % 1968/71 ...
44% 1964169
Exchequer Stock 3% 1962/63
Exchequer 54% 1966
Federated Malay States 3% 1960/70 ...
Federation of Malaya 3 % 1974/76 ...
Pnndina St.nek .1 / 196fi1f;9
Gold Coast 3 % 1963
S 4% 1960/70

Hayes & Harlington U.D.C. 5 %
Mortgage Loan repayable 31.3.62.J "'
Huddersfield Corp. Red. Stock
34% 1958/63
Hull Corp. Red. Stk. 3j% 1958/63 ...
9 ,, 3) % 1960/70
Ilkeston Corp. Red. Stk. 3j% 1959/64...
Kenya 24% 1965/70
21% 1971/76
3J% 1973/78 ...
44% 1961/71 ...
44% 1971/78
Lanarkshire C.C.M. Loan 6j%
repayable 15.5.64
Mauritius 3J% 1957/62
34% 1965/68
New Zealand 3 % 1966/68
3 % 1973177
3,% 1962/65
3)% 1963/66 ...
34% 1960/64
5 % 1956/71
6 % 1972/76
Nigeria 3 % 1975/77
3j% 1964/66
4 % 1963 ...
Northern TrPlnld r,nans qtn.k tnok ..
1968/70
Northern Rhodesia 3 % 1963/65
,, 34% 1955/65 ...
3% 1970/72 ...
41o/ 1Qfiri/7n
Palestine Govt. Stk. Gtd. 3% 1962/67...-
Portsmouth Corp. 3j% 1972/82
Savings Bonds 3 % 1955/65
g, 3 % 1965/75
Sierra Leone 34% 1958/63 ...
South Africa 3 % 1954/64 ...
S 3% 1953/73
Southampton Corp. 3 % 1959/64
Southern Rhodesia 3/% 1961/66 ...6
Swansea Corp. 3 % 1955/65
Tanganyika 4)% 1967/72
.Treasury Bonds 51% 1962 new
issues repayable 14/11/62 ...i
Uganda 3j% 1966/63 ...


sa. d.


23,604 18 8
1,700,818 8 6
1,515,284 17 6
2,410,638 13 10

108,239 4 1
4,724 5 3
145,617 2 1

134,535 16 5
100,000 0 0
125,000 0 0
3,115,867 16 3
30,964 19 6
166,048 6 11
1 aWR 779 7 8
2,188 16 6
1,879 10 5
100,000 0 0
50,000 0 0

10,000 0 0
6,459 13 4
9,162 15 4
4,993 10 8
135,382 9 2
2,429 10 9
170,488 0 1
10,264 17 11
275,184 4 7

:i00.000 0 0
5,000 0 0
70,049 15 4
17,485 6 9
24,471 13 10
19,348 11 3
735 12 11
30,843 1 7
16,000 0 0
75,000 0 0
31,348 3 7
50,000 0 0
40,331 19 9

4,925 13 1.
6,813 12 5
12.670 7 11
338,238 0 10
nn nnn ) 00
6,253 2 10
1,624 14 8
668,095 6 7
140,289 12 1
816 7 10
'6.000 0 0
9,000 0 0
12,806 14 2
6,740 0 0
3,957 17 0
178,054 15 8

1.725,000 0 0
335,944 15 9


s. d.


21,280 6
1,668,447 19
1,501,039 15
2,362,560 1

95,713 8
4,848 5
144,023 11
*O,Udo U
128,789 12
99,500 0
120,528 14
3,025,736 15
27,089 16
140,437 0
1 q9k 741 19
2,134 2
2,015 15
100,100 0
50,050 0

10,137 10
6,483 17
8,910 15
5,030 19
115,582 15
2,150 2
166,225 16
11,034 15
274,308 6

300,300 0
4,950 0
68,955 4
16,479 18
21,840 19
18,748 10
715 8
31,170 15
17,320 0
71,636 14
27,821 10
48,625 6
43,003, 19

4,771 14
6,541 1
12,607 0
333,587 5
?00,000 0
5,831 1
1,539 8
594(318 5
130,590 10
809 5
5,670 0
8,685 0
11,660 12
6.731 11
3,715 8
174.568 16

1,731,200 6
298,439 3


II- _---I


...1 20,043,089 14 11


6
7
4
5

5

0

8
0
9
3
0
4
1 1


s. d.


20,300 4 10
1,700,818 8 6
1,496,343 16 3
2,344,346 2 7

79,555 16 4
4.062 17 4
107,028 11 5

93,582 7 11
74,500 0 0
120,312 10 0
3,061,340 2 6
24,307 10 1
117,064 1 S
1 .s0q Q94 18 ifn


1 2,079 7 8
9 1,550 12 1
0 100,734 7 6
0 50,000 0 0

0 9,550 0 0
10 6,168 19 8
10 7,376 0 7
8 4,668 19 1
5 81,906 7 9
10 1,226 18 4
1 91,211 1 8
3 7,544 14 0
2 177,493 16 7

0 302,390 12 6
0 4,925 0 0
9 53,588 1 5
7 14,337 19 6
9 .16,151 6 4
5 17,510 9 0
4 632 13 1
9 29.146 14 2
0 14,400 0 0
5 72,000 0 0
2 19,592 12 3
2 43,250 0 0
8 38,113 14 7

7 3,965 3 0
6 5,723 8 10.
11 11,023 4 11
5 214,781 3 2
0 145,000 0 0
1 5.346 8 9
8 1,104 16 4
5 604,626 5 5
10 101,008 10 4
0 751 1 7
0 5,220 0 0
0 5,625 0 0
1 11,383 14 1
6 5,627 18 0
8 3,542 5 6
1 121,967 10 6

9 1,733,625 0 0
10 236.841 1 6

7 18,198,484 4 2


TOTAL


19,164,026 2














Description of Stock.


*n"b"t" ;- in rzpC.-t of Las t
Governments of Territories par-
ticipating in Currency Agreement
held at Headquarters of the Board

Govt. of Antigua 64 % 1975/80

Govt. of Barbados 51% 1969/74

Govt. of British Guiana 54% 1969/79

Govt. of Britisih Guia"i 6"0 1971/'81

Govt. of Grenada 6j % 1976/81

Govt. of Trinidad & Tobago 6j%
1976/81

TOT Ar.



Joint Consolidated Fund

Cash on deposit in Crown Agents
Joint Consolidated Fund trans-
ferred from Income Account
(Annual contribution- Article 4
(2) (c) of Currency Agreement

TOTAL


Lien on Securities deposited with
Crown Agents for issue of coin
to Barclays Bank D.C.O. before
receipt of storing in London

Value of securities and cash held
ol behalf of the Fund at 31st
December, 1961

Conversion at the rate of 4/2
to $1.00


Nominal Value.


1


s. d.





73,062 10 0

284,864 11 8

510,208 6 8

1J0,;73'9 .1 0

21,666 13 4


,162,500 0 0


9 90q f41 1 4


24,666,024 1 3


($ 118,396,915 50)


Price Paid.


s. d.


71,601

279,167

500,004

lIU,733

21,666


1,162,500


5 0

5 10

3 4



13 4


0 0


9 101 ;78 19


21


Market Value at
31st December, 1961.


s. d.


73,062 10

284,864 11

510,208 6



21,666 13


1,162,500 0


) 9q0 1041 1.1 4


23,786,960 8 11 32,821,418 10 6


($ 114,177,410 14) ($ 109,542,808 92)


The nominal value of loans to Government of Territories participating
in the Currency Agreement is shown as the market value.


HEADQUARTERS,
BRITISH CA>IDB3ANS CURRENCY SGAr.,D,
TRINIDAD,
15th March, 1962.


L. SPENCE,
Executive Commissioner,
British Caribbean Currency Board.
I


--




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