260

$109,589, charged to the colony, instead of only $2820, which was the expense the same account in 1863.

$106,769

The difference between those sums or must therefore be deducted from $163,899, entered as part of the Postage Revenue of 1866 to ascertain the amount actually available as Revenue.

18. That alone is a very great deduction, but is not by any means the only one; for if the profit in great part imaginary of $10,490, is to be accounted an increase on the one side of the account, the cost at which that profit of $10,490 has been purchased, a cost not less than $50,000, exclusive of interest on $360,000 of capital sunk, must be set on the other side. Therefore to arrive at what I presume is the principal defect of your inquiry, viz. the available ordinary Revenue, we must deduct the difference between the profit and loss caused by the Mint during 1866, which may fairly be put down at about $40,000.

Nor is this all, because in the statement of Revenue we cannot get at the real available amount with which the Government can deal till we have put aside for 1866, the item Reimbursements in aid (viz. $18,327) exceeds that of 1863 ($1000) by $8310, but such reimbursements only balance corresponding items of expenditure, so

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