2.
388
to the Appropriation Ordinance states, the expenditure of $26,324,219 which you are now asked to vote is in addition to the contribution to the Imperial Government in aid of
Military Expenditure and to the Charges on account of
Public Debt. These sums in respect of 1935 are estimated
at $4,741,452 and $1,410,431 respectively, a total of $6,151,883, and I propose to add this sum to the $26,324,219
in order that the total estimated expenditure during
1335 may be clearly apprehended and easily compared with the expenditure figure for the current year, and these figures weighed against the estimated revenue for 1334 and 1935. Including this $6,151,883 the total estimated expenditure in respect of 1935 is $32,476,102. The estimated revenue for 1935 is $30,585,650 so that we are
budgetting for a deficit of $1,890,452 to be met from
the surplus balances of the Colony.
In connection with these figures I would invite
attention to the estimate of the financial position at
31st December, 1335, shown in Appendix IV, page 116, and
to the very full memorandum on the financial position for
which I am indebted to my honourable friend the Colonial
Treasurer. In view of this memorandum which honourable
members will be able to study at leisure I shall not take
up the time of the Council over unnecessary detail but
shall confine my remarks ca the general financial position
to a few comments on the more salient features. The
surplus balances of the Colony on 1st January of this year
stood at $13,823,625. The estimated surplus at that date