the present year.
the current prospects for
equally satisfactory.
year
I subjoin a financial Estimate from which it will be seen "that notwithstanding the large expenditure of £52,000 upon Public Works, it is expected that
at the close of
this
year
there will be a
balance of
£40,000
available for the Service of
1862.
Financial Estimate for 1861.
Receipts £ Liabilities £ Excess of Assets on 15 February 1861 65,000 Expenditure Estimated Revenue to 31 December 1861 90,000 Ordinary Expenditure 63,000 Intimated expenditure on Public Works 52,000 155,000 115,000 Probable Balance on 31 December 1861 40,000 £155,000 £115,000The financial Estimate for 1862,
which is
now
being prepared and
which I also subjoin, leads me to hope that after
an
expenditure of
£45,000
on Public Works
next
year,
the Colony will find itself at the close of
that
year
with all the large Public works at present in
progress completed, and
with an excess
of Assets over
liabilities
of about £20,000.
Financial Estimate for 1862.
Receipts £ Expenditure £ Excess of Assets on 1 January 1862 40,000 Estimated ordinary Expenditure for 1862 65,000 Estimated Revenue for 1862 90,000 Estimated Expenditure on Public Works 45,000 £130,000 £110,000 Probable Balance on 31 December 1862 20,000 £130,000 (corrected to match total)