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sheum the amount due to and remitted into the Imperial Government. In 1866, the total receipts it is true were $163,892 but from that sum has to be deducted $109,589, charged to the colony instead of only $2820, which was incurred on the same account in 1863.

The difference between those sums or $106,369 must be deducted from $163,892 part of the Testage Revenue entered as of 1866, to ascertain the amount actually available Revenue. That alone is a very great deduction, but is not by any means the only one.

Then if the profit, in great part imaginary, of the Mint, $10,490, is to be accounted an increase of the Revenue so as to invite the imposition of further expense on the colony, we cannot get at the real available amount with which the colony can deal till we owe the other 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 $300,000 of capital sunk.

Therefore to arrive at what I presume is the only object of Your Grace's inquiry - namely the available or Ordinary revenue, we must deduct the difference between the profit by the Mint during 1866 and loss caused by the Mint, which may fairly be put down at about $40,000.

Nor is this all, because in the 19.

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