Revenue. Premia on Land Sales.

1883. 1,289,448 25719

1884. 1,173,071 19,695

1885 1,251,890 66,659

1886. 1,367,978 54,393

The Revenue of the Colony has thus, it will be seen, increased by more than a half in the last ten years.

5. Turning now to the Ordinary Expenditure of the Colony, which was estimated at $1,152,382, the amount actually spent has been $1,195,237, or $42,855 in excess. The increases over the Estimates amount in all to $81,506, whilst the decreases on the other hand are $38,651. As full details are given in the Comparative Statement, I need not refer further to this subject.

The amount of premia received on Land Sales shows the receipts during 1886 to have been $54,393, against which sum have been charged expenses undertaken with the view

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