เ
144
second time, and, for the reasons given by me when introducing the Budget, passed the third reading on the same day.
4.
Before dealing with the Estimates for next year I
propose briefly to summarize the financial situation.
03333 You will remember that in forwarding the Estimates
73
for this year Mr. Severn anticipated that the balance of Assets over Liabilities on 31st December, 1913, would amount to
82,361,232. This estimate was more than realized, the sum actual- ly brought to account being 82,659,425. According to the revised figure for 1914 ordinary and extraordinary revenue is expected to yield 11,330,830 or $1,577,870 more than was estimated. On the other hand the total expenditure which was originally estimated at $10,595,856 is now expected to exceed that figure by 568,024. These estimates if realized will result in a surplus on 31st December, 1914, of $166,950, and this sum added to the balance of Assets accrued on 31st December, 1913, will give a balance of Assets on 31st December, 1914, of $2,826,375.
5.
Owing to the outbreak of war I considered it advisable to revise the following items of Revenue:-
As originally Revised
estimated. Estimate.
Class I.
Light Dues,
g
104,000
94,000
Do..
Special Assessment,
115,000
105,000
Arms Licences,
8,420
4,820
Opium Monopoly,
4,250,000
4,000,000
Class II.
Medical Examination of Emigrants,
95,000
60,000
Sunday Cargo Working Permits,
70,000
60,000
Survey of Steam Ships,
31,000
28,000
Class V.
Premia on New Leases,
260,000
206,000
The Estimates of Revenue for the coming year, revised as above, show a gross increase of $1,654,672. The