about $350, 0 0 0
schemes to be charged to the loan,
which
think is proper,
once wife out
the
over assets, wh now casts,
7. proceed
shall at
excess
of liabilities
a-0
above, sanctioning.
COPY
saying
that
the approhn, ordce.
a separate desk will be addressed
to him in regard to items 26,oup 59
(as
to which I
(papers separately).
Sanction the
circulating
забрана
Sanction the Estimates, note the increase
to the Governor's Salay
& the small sum
له
for which we have asked for visual instruction
Say we will write seperately Property resumptions
as to the "Insanition
1
"Insanitary
we
Shall be one
too glad if
Put the arguments in favor of lassie hat day be a loan in a confidentiel despatele ank Mi. May Whether he is in fabom of raising tomoning A loan at once a whether we com tide wei
another
I can
Shardly
think with this goat
increase of revenue that a loan is necessary. We seem to have given up the idea of raising the rates
d
5. at once
573
1904
The Revenue for 100 is estimated at $6,608,308 ( of which $400,000 is from Land Sales) This is an increase of something over $1,400,000 on the Revised Estimate for 1903 and of $1,700,000 on the actual revenue for
1902.
The increase is almost wholly due to re-letting the Opium monopoly at an increase or $1,225,0 000. There is also an increase of $84,000 on Assessed taxes and other minor increases, counterbalanced to some extent by small decreases under various heads.
is no serious falling off under any head.
The figures of expenditure are as follows
1902 (Actual}
$5,909,548.51
1903 (Estimate)
5,645,601.23
1903 (Revised Estimate)
1904 (Estimate)
X
5,595,682.23
6,531,349.
There
The Estimates for 1904, therefore, shew a
surplus of $76,959. The estimated excess of ordinary Revenue (excluding Land Sales) over ordinary expendi- ture (excluding Public Works Extraordinary) is 950,359.
In view of the fact that they begin the year
with an estimated excess of Liabilities over Assets of
$281,039 (As a matter of fact it will probably be more as we have approved some expenditure to be defrayed
this year since these Estimates were framed) I doubt
very much whether they have left themselves enough
margin to work on(See further at the end of this minute)
The Estimates are excellently drawn up and
fully
T.B.
X The figures in the despatch refer only to ordinary ex-
penditure. There was a saving on Public Works
Extraordinary for which I have allowed here.