541
>
lier Majesty's Government have been
largely influenced by the considerazion
that so long as the contribution is fix
in sterling the continued uncertainty
in the matter of exchange is calculated
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 be taken shall include the gross
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 assets. The revenue
for 1895, less premia on leases, is
estimated at $2,018,526 so that a con-
tribution of 17% per cent, would amount
to