(

207

under the head as far as possible.

8.

Exchange Compensation has increased

on account of the increased salaries and alse ewing te

the fact that the Estimate for 1900 was found to be

insufficient.

9.

The Estimate of Refunds of Reveme

is necessarily speculative. But, owing to the great de-

mand which exists for houses in the Colony, there is

every reason to believe that refunds en account of unec-

cupied tenements will be fewer.

10.

Finally, in the Estimates for 1900,

a sum of $10,000 was inserted for "Miscellaneous Expenses

New Territory, whereas for the current year this item

has been practically abolished, and only a sum of $1,000

for travelling expenses appears in the Estimates for 1901.

I have the honour to be,

Amay

Sir,

Your most obedient

Humble servant,,

Governor, 80..

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