5

535

the decision above indicated Her

Majesty's Government have been largely

influenced by the consideration that so

long as the contribution is fixed in

sterling the continued uncertainty in

calentated the matter of exchange is liable to

cause a greater dislocation in the

finances of the Colony than would be

caused to the Imperial finances if the

contribution is fixed in dollars.

4.

It is to be understood that

the Revenue on which the percentage will

Me gross.

be taken shall include receipts from

all sources which are now brought into

account as revenue, with one exception

viz: the proceeds of land sales, or

premia on leases, which are not strictly

revenue but the proceeds of the sale of

capital assels. The revenue for 1895,

less premia on leases, is estimated at

$2,018,528

Page 540Page 541

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