3
60
Pefences I promised to address
Your Lordship
on the question of the Financial position of the _ Colony as affected by the large amount of £116,000 which it has pledged itself to pay for Military Defences. I have now the honour
to redeem that promise.
Colony for the
The accounts of the
year 1885 have
been closed and laid before
Enclosure 2014 March (with 6 spare Coff No 21.
the
Council. Copies
are enclosed.
for
balance
of
Assets at the
commencement
Your Lordship's information . The
"
11
22.
23.
21.
commencement of the present year
wad
#1127,692. At the time that
The Estimates of 1886 were
prepared
it was conjectured that the balance of Assets would be only $190,107.
To this amount of -
has to be added the sum
to be raised by the loan.
111 3/34 £200,000 will be
the equivalent of
427,692
1,215,000
$1,642,692
This is therefore the amount that will be available for extraordinary
works.
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