in working order for some months; the sought.
7
548
Deducting then from the Revenue and Expenditure of the current year amanti now. The receipts from Land Sales are most uncertain... and the item "interest from monies in Bank" is quite illusory- the Government having to pay on that account instead of receive. It may therefore be considered that the Revenue has been over-stated by $150,000.
The expenditure on the contrary shows no vulnerable points except in Public Works and the Gun-boat. The former I have reduced from $165,000 to $100,000, and the latter will be saved $100,000, altogether - These items may be taken as $90,000 and $20,000 in closure A.
3. The Revenue will be $850,000, and the Expenditure $909,000, showing a possible deficit of mainly $59,000.
8. The present state of the Treasury is best explained by the enclosed statement, which the Colonial Treasurer prepared this day. Your Lordships will observe that I have already borrowed $60,000 from the Bank, and that even with this aid, I am not in a position to make further remittances to England. The subsidiary coins became very slowly available for any purpose of issue, and even with...
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