By the Financial Retiree for the current connected year, which has been up to 30th June, and which will be found at page 3, it can be seen that an expenditure of $240,000 upon the mint and Kowloon compensation has to be met, for which no provision has been made in the Annual Estimates now forwarded for this year.
It is calculated that the probable excess of assets over liabilities on 31st December next will be reduced to $185,000. The difference between this sum and the excess anticipated when the Estimates were passed twelve months ago for the current year is explained by a note in red ink marked 'A', which I have caused to be inserted at page 2 of the present Estimates.
From this, it will be seen that the probable balance due on works in progress at the close of the year is estimated at $190,798, the details of which sum are shown in a note marked (B) at page 2 of the Estimates. This, as compared with the probable excess of assets over liabilities at the same date, which, as I have observed, only amounts to $185,000, shows the correctness...