large.
On the second point of difference between N. I and N. II, I would mention that it was the object of No. II. to bring down the balance to a reasonable amount. But after deduction under the head of surplus balance, it appeared likely that the accumulation of funds would be just as large and unnecessary on the 1st April 1899, as on the 1st April 1898.
The recent returns bear out this impression, and it is accordingly retained in the corrected Estimate now submitted.
29 April.
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