4
must also be kept available: and there must, at all times,
be a certain amount of outstanding, and
Revenue advances to be recovered. The Auditor General
estimates that if ever the assets exceeded the liabilities by less than £20,000, although the Colony might be quite solvent, it would
be unable to meet its engagements in ready money. The available balance on the 1st January last
cannot therefore, in my opinion, at the very outside, be estimated at more than £73,000.
5.
The Revenue for the current financial year is estimated at £121,791,
See A+B of Estimates 1864, and a sum of £129,248 has been voted to meet the expenses of the year. On the basis of these figures, I estimate that the result at the close of the current year will stand somewhat as follows:-
Available balance 1st January 1864 £73,000 Revenue for 1864 £121,791
Total £194,791
Expenditure for 1864 £129,248
Available balance 1st January 1865 £65,543.
6.
In the Expenditure for the current year, as estimated above, no provision whatever has been made for the Mint. The home