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imagined the colony able to maintain
the two burdens at the same time.
I now venture to state, that
27.
any taxation which should suffice
to sustain both burdens would defeat its
object by increasing the very heavy
commercial depression
under which the colony is at present labouring. And
there being in hand an available balance
of $100,000 at least, it is difficult
even then to meet the most
pressing necessities from incoming
287
revenue alone.
I transmit copy of the Treasurer's
Return for the week ended the 20th
Instant, and Your Grace will perceive
there was only $17,163
balance therein
in the treasury and $11,900,
in
Enclosure No.
063.
the strong Vault, on a total of $129,063. To ascertain how much of this is available $51,700 judicial deposits, and $51,900 subsidiary Coinage
must be deducted
as well as
$5,000, a debt about
to be remitted by Bill to the Imperial
Post Office, leaving only $26,462 to meet
all contingencies
more than that
sum is not
half the amount required
for the Colonial Establishments
on the 1st proximo, whilst there is no
prospect
of any large receipts during the remainder
of the current month.
29.
I am therefore utterly unable
to comply with Your Grace's order at present to remit funds sufficient to
cover the three quarters of
the