9. That they have acted thus in what they believe to be the best interests of the colony I have no reason to doubt; but, whether or not it is the case, as they allege, that the intolerable burden of the Public Debt, and the position in which the colony was left by the contract of 1893, rendered this sacrifice inevitable, the fact that the colony, after more than forty years of self-government, should have to resort to such a step is greatly to be regretted. 10. I have to request that in communicating this despatch to your Ministers you will inform them that it is my wish that it may be published in the _Gazette_. I have, etc., J. CHAMBERLAIN. Some of the inferences set forth in the Colonial Secretary's lucid letter were questioned by the Newfoundland Government, but substantially his conclusions were not assailed. The decision of the Imperial Government by no means stayed the voice of local agitation, and the stream of petitions continued to grow. In a further letter to Governor Murray, dated December 5th, 1898, Mr Chamberlain laid down the great constitutional doctrine which is the Magna Charta of Greater Britain. Every student of colonial politics should be familiar with these passages: "The right to complete and unfettered control over financial policy and arrangements is essential to self-government, and has been invariably acknowledged and respected by Her Majesty's Government, and jealously guarded by the colonies. The Colonial Government and Legislature are solely responsible for the management of its finances to the people of the colony, and unless Imperial interests of grave importance were imperilled, the intervention of Her Majesty's Government in such matters would be an unwarrantable intrusion and a breach of the charter of the colony. "It is nowhere alleged that the interests of any other part of the Empire are involved, or that the Act is any way repugnant to Imperial legislation. It is asserted, indeed, that the contract disposes of assets of the colony over which its creditors in this country have an equitable, if not a legal claim; but, apart from the fact that the assets in question are mainly potential, and that the security of the colonial debt is its general revenue and not any particular property or assets, I cannot admit that the creditors of the colony have any right to claim the interference of Her Majesty's Government in this matter. It is on the faith of the Colonial Government and Legislature that they have advanced their money, and it is to them that they must appeal if they consider themselves damnified.