Enclosure 6.
64
"Hansard" containing reports of the Meetings of the Legislative
Council held on the 19th. October and on the 9th. November when
the Estimates were considered. On the first of those dates I
introduced the Budget with an explanation of the financial
position of the Colony and of the more important increases and
decreases in Revenue and Expenditure. On the 9th. lfovember the
proposals of the Government were criticised in speeches by two
of the Unofficial Members of Council to which the Colonial
Treasurer, the Director of Public Works, the Captain
Superintendent of Police and I myself replied. The Appropria-
-tion Bill was then read a second and third time and passed.
Before dealing with the Estimates
45.
for next year I propose briefly to summarise the financial
situation.
You will remember that in forward-
3 LELL
110.
-ing the Estimates for this year Sir Henry May anticipated that
the balance of Assets over Liabilities on 31st. December, 1910,
would amount to 1,304,758. This estimate was more than realis-
-od, the sum actually brought to account being 1,406,925.
According to the revised figures for 1911 ordinary and extra-
-ordinary Revenue is expected to exceed the sum estimated by
$122,871