is defrayed for
works are
where such
paid for by
borrowed
money
"it is
possible to have
surplus or
deficit in
in any year
according to the way in
which then receipts &
3
RAFT.
402
Mr.
Mr.
MINUTE.
Mr. Wingfield.
Mr. Bramston.
Mr. Meade.
Mr. Herbert,
Mr. Grant Duff.
Lord Kimberley.
to avoid much difficulties
by excluding from the
returns of ordinary
revenue the
expenditure
the receipt a/s a
Expenditure of debenture
loans, and I am
of
opinion that the same
on account of such
works as aforesaid in the
returns of revenue &
Expenditure of the year
It has been found
convenient in other Colonies
Thus an accidental difference of treatment might unintentionally make it appear that
years of your predecessors were years of deficit and your own years years of surplus.
Whilst the reverse
might
or via ... the ...
which
be actually ... possibility of error I am confident you would not ... be
to avoid.
rule should
apply to the Loan
receipt & expenditure
of sums borrowed from
the "Special Fund" in