460
450
balance of the Loan.
But it appears
from paragraph 33 of
is gespetch that is estimated at no now than that belarce will stenough to
A
$167,775, and therefore if the whole
of the proposed expenditure on Works
chargeable to Loan is incurred, it
will be necessery to upplevent tho
balances of the Loan by providing
sand op
about $15,000 out of current Revenue,
and the estimated balance of $12,000
will thus be turned into an actual de-
ficit of 4,000.
It must also be borne in ind
that the Estimated Revenue will be to
some extent diminished br y decision
that a 4 ccnt Imperial Postage rate
chall be introduced as from the 25th in
stant, though hardly perhaps to uch
an extent as Major-General Black antici
pates in his despatch No. 3/ of
the 4th
ultimo, I am addressing
you