the amount of nearly 12000 in the Land Revenue, countervailed by

a little increase

in love of the other branches of revenue.

Sir John Bowring does not say how he proposes to meet the deficiency. We must hope that it can be defrayed, Mr. Blackwood suggests, from an existing balance. I do not know what language

may

have been held to Sir John Bowring

whilst he was increasing

his

expenditure,

but I

quite agree

with Mr. Blackwood's

remarks and think that the present would be a very fitting opportunity to administer him on the necessity of economy.

2.

7th 21 March.

P.S. See a subsequent despatch from

Sir J. Bowring (2545) which reports probable increase of £2400 in the receipts

of the present year, and adds an assurance that, but for the war, the accounts would have been balanced. But he had

previously exhibited a deficiency of £17,000 quite irrespective of

the recent hostilities,

and

it is not

easy

to perceive how £2400

could supply the place of £17,000. This

Assurance

therefore must, I fear, go

for nothing. 7. F9 21/3

Aselsall

I'charni

che Ellick

on what ground do you

say that the deficiency of ± 11000 in the

Land revenue was Expected? I have some recollection to this effect, but I

do not see anything in these

despatches

to Explain it.

M. Merivale

I used a

wrong expression, as all I

meant was that it was an estimated

falling off.

I cannot

call to mind

it's having been previously announced as

Mr. Blackwood

Will you be as good as send this papers back to me next week

When I can further consider them

as likely. 2.71 25 March

W Dall

Im Mh 25

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