CO129-112 - Acting Governor Mercer - 1866 [3-4] — Page 176

the Mint can succeed, if dependent

for support on

neciving Bullion

from the Bankers and Merchants.

here- marry of whom are

to the new system.

10.

the

Mored

The financial position of

Colorry

therefore is at this moment

very precarious - unless means be found either to diminish the expenditure or increase the Revenue. My attention is now

being turned to book those subjects - and I hope to effect something in each direction. . At the same time it is

improbable

on

the

one

hand that

the duties of Governmentcan be

f

174

discharged as efficiently with

less

means, atuitary increased burden put on this community

can

prove otherwise than more bese prejudicial to its commercial

interests.

11.

He

pregoing brief resumé

of

the

general

state.

of the Colonial Finances has appeared to me

ww

when I

necessary because I think very different impression prevalent with many, left England - owing probably to the large surplus of some recent years resulting from the sale of the land which thoug