2.

2.

As I feel that I am assuming this bovernment at a

to

period when it's financial position involves very great responsibilities, I must in justice place before you that position

بی

am

myself analysis of

The Revenue of this Colony

as

you

are

aware is in no

manner derived from that

which

forms

the

principal

ermanent revenue

other

of

permanent

Colonies, viz:- Customs duties

It is entirely produced by the

sale or rent

of

land - and

internal taxation._

No 2.

4.

small

a very

F

Re

a

171

available land in so

slace never constituted

durable

or extensive source

Revenue.. The incloud Return

which I directed to be compiled

gives the fullest and mort accurate information yet

that subject-

transmitted

and shews that whilst the immual Pental at present derived from

land amounts to of 143,000. there has been realised since 1855 somewhat

thare $670,000

more

in the shape of Premiums for land- the greater portion of which was received in the four years from 1859 to 1862- 531 acres

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