March last to have exceeded the
Liabilities by
351.
5
449
459
It appears therefore that
after the deficit for the year 1898
has been wiped out the year 1899 will
begin with a credit balance of roughly
5
specking $10,000 only; and
In the face of this shall
would
balance it appears tongso be fest-
ia, rudent to propose expenditure in
the ensuing your which is really in
excess of the Revenue.
6
6. It is true that Tajor-General
Black in paragraph 2 of is despatch
estimates hat there will be a surplus
of $12,000, but this estimate is based
on the assumption that he whole of
the proposed Expenditure in 1892 on
works chargeable to Toan, viz 163,700,
can be defrayed out of the available
balance