CO129-062 - Sir Bowring - 1857 [1-3] — Page 129

for 1866 Falle word of

excess of expenditure over revenue for &

that for £865 by £12,000; the year 1856 amount

A

deficiency which cannot

be accounted for in the

Chinese Difficulty, the latter

not having commenced

to

very nearly £7000 which

the whole

must have been

depayed from the accumulated

balances of former

years.

before the end of the year : But it appeared

but which seems to be

almost wholly attributable

to a falling off of the land

revenue

from your despatch No 178 of 13 Sept. 1856 forwarding,

the estimates for 1856 that you calculated

a balance

to the credit of the

Colony at the end of

1855, which

was,

perhaps, exceptionally

large. No explanation

of this is given in

your

the deficiency

amounting

to £14230 and

I was therefore

willing to believe

that notwithstanding

the resources

for 1856 the

Colony would

bear the various

charges on its revenue

as per Despatches.

3. It appears further,

That The Expenditure for

1856 Exceeded the revenue

by £43256 and have been sanctioned

by H. M. Govt at your recommendation.

It appears however by

your Despatch for 1857

enclosing the Estimates

that you anticipated

for That year

revenue

but little

larger than

1856,

Expenditure

£11500

greater by £7000 than

that of 1856, and a

deficiency of £17000

in comparison. A revenue