94
PUBLIC RECORD
OFFICE
ILLT II
Reference :-
MMMC.O.882/12
ALLY WITHOUT PERMISSION OF THE BE REPRODUCED PHOTOGRAPHIC- |COPYRIGHT PHOTOGRAPH-NOT TO
PUBLIC RECORD OFFICE, LONDON
47
46
C. 84507/31 [No. 2].
Enclosure 4 in No. 24.
No. 25.
ESTIMATED CASH BALANCE AS at 8TH JANUARY, 1991.
Rs.
Balance in Bank 31.12.30, 10 a.m.
491,886
Rs.
Add (to 8.1.31),
From Vault
68,000
Remittances from District
Despatch from the Governor of Mauritius to the Secretary of State for the Colonies. (Received 26th February, 1931.)
GOVERNMENT HOUSE,
PORT LOUIS,
20th January, 1931.
Cashiers to 8.1.31
24,000
Registration to 8.1.31
(Confidential.)
2,000
Rum
2,000
Customs
47,000
143,700
635,586
→
Deduct (to 8.1.31).
Granary
25,000
Christian Brothers
15,000
Interest (Nicolière)
5,000
Interest S.I. Loan, 1926
132,000
Boards Rose Hill, &c.
40,000
Balance Military Contri-
bution
82,000
299,000
336,586
TREASURY,
MAURITIUS,
31st December, 1930.
MY LORD,
With reference to my despatch No. 13 of the 16th January,* dealing with the financial position of the local Treasury and Your Lordship's telegram No. 2 of the 2nd January, 1931,† I have the honour to submit the following further observations on the general financial situation and the prospects of framing a balanced budget for the year 1931-32,
2. I think it will be apparent from the information given in the above-mentioned despatch that there is no prospect that the changes in revenue which have already been brought into force will compensate for any large portion of the deficit arising from the remission of the export duties on sugar; and that as things stand at present it seems likely that the financial year will close with a deficit on the year's transactions of from Rs.1,200,000 to Rs.1,500,000. While it may be possible to improve the position of the revenue to some extent by increasing the tobacco excise as proposed in my Confidential despatch of the 17th October last,‡ and tightening the control over the distillation of rum, I do not think that the increase to be expected from these measures can be expected to exceed Rs.200,000. At the present stage it is difficult to be sure as to the receipts from the increased succession duties, which must be subject to a large element of chance, and from present indications it appears that the final results of the increase in customs duties will not do much more than maintain the total receipts from these duties at the level of the original estimates, or at least that any increase over this amount will be slight. I am informed that the receipts for the first six months of the year, which are slightly less than those for the corresponding period of 1929, were unfavourably affected by the fact that a rumour got abroad that the Government proposed to increase the duty on petrol and considerable quantities of motor-spirit were withdrawn from bond before the new duties came into effect.
* No. 24.
† C. 74602/30 [No. 11]: not printed. C. 74583/30 [No, 29]: not printed.
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