370
1
1
would not reach the sterling
£40,000. But we would ask
sune of
you, Sir,
if it has not been our constant con- tention that this sure has always
deration, and also the fact that they will have the advantage
the fall and the rive.
3.
both in
It must be further borne
any
been too heavy
a burden
for this Colony
in mind that
Colony
to bear. At the time when it was
A we
asserted to it, aserchange
imposed.
comparatively high,
then it has bear
but ever.
Airco
falling: in 1891 we
|: paid $254,211.12 and in 1894 $371,647.50. The burden has therefore become more
and more irksome,
as we have cous.
and the sun.
tantly represented. Now, however,
exchange is
rising,
which we should have to pay in
the
dollars, if
-arrangement were adhered to, would be becoming less and less. On the other hand, with
the proposed new allrangement, the Imperial Government, receiving a fixed sum of 17/2 per cent in dollars, will noturally benefit the higher exchange
goes.
This should be taken into consi=
deration
revenue of the i corresponding
increase in the
will
Meat a
one in the Military
Contribution. Now we are informed
good authority that the revenue
for
This
year,
inhead
of being, as
probably se
estimated $2,018,000, will,
nearer $2,300,000, meaning a larger Military Contribution. There sears to
be
every reason for hoping that each succeeding year will show & fresh inve
crease in the revenue, so that there would seem to be little cause.
Katour
for the Imperial Government to fear Military Contribution will be inade quate.
It may be argued that if in 1894, when our revenue was $2,287, 203 we were able to pay $371, 647.50, as a Military
: