165
robability
that the financial
will be more
results of 1893 will be
favourable than love appear
ing in the estimates, as,
is for
the reasons stated in the fol. lowing extract from the Colo.
nial secretary's speech in Com. Supply the revenue.
mittee on
or 1873 has been estimated
with extreme caution.
As regards the coming year that
I should state in the first instance the revenue, which has been put at $1,906,896, has been estimated with great caution in view of the fact that the Colony was about to contract a loan. It was obviously my duty in the face of that fact to be very careful that my estimate of revenue should be moderate, cautious, and practically certain of realisation. I have every confidence that it will be realised, and I shall be disappointed if it is not exceeded. But moderate as it is that estimate of revenue shows a surplus over the estimated ordinary expenditure. And this estimate for ordinary expenditure, be it observed, is far larger than that of any previous year. As I stated in moving the first reading of the Bill, it provides for loss on exchange a sum of $77,051 in excess of the provision made in the Supply Bill for 1892. It also includes an entirely new item of $40,000 to meet charges in 1893 in connection with the proposed loan, a larger provision for pensions by $5,400, and a more liberal provision for Hospital expenses by $7,623, and yet the estimate of revenue, as compared with this unusually large estimate of ordinary expenditure, shows a surplus which there is every reason to hope may be more than realised. Really, sir, I can see here no ground for alarm and foreboding; rather I see reason for
and satis.
faction.
congratulation
!
Subparagraph
#
Subparagraph (j)
ventions the increase in the
ordinary
expenditure, I have dealt with that subject in
the preceding sub-paragraph,
I have only to add
convcurance
pressed
by
in the views -
the Colonial secretary
in the appended passage
from his speech.
Bill.
the loan
"Attention