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The general financial situation for next year, which will also be found at page 3 of the present Estimates, shows that the probable nominal excess of liabilities at the close of 1865, will be further reduced to $106,109. And if these calculations be borne out, the Colony will, for the reasons I have before given, be left at the close of the year without any real available cash balance, and may be unable to meet its engagements in ready money.
The probable sum due on uncompleted public works at that date, as will be seen by the Estimates at page 2 of the more detailed document, is calculated at $54,648.
The possibility also must not be overlooked of the Colony being in a worse position than that anticipated, through the revenue proving below and the expenditure above the sums estimated.
The revenue is put down at $700,555, being nearly $70,000 in excess of that in 1862, which, in consequence of large land sales, was the largest ever raised in the Colony. Nearly $100,000 of the revenue...