265
that instead of being addressed to me, they are addressed to your Lordship. The Memorialists are still strongly impressed
"with the belief that
More
micreased taxation that is not
"Whatever is necessary," and if that proposition be
objectionable, then, of
course,
the discussion of
what
species of taxation is best becomes
superfluous.
9.
Now it so happens that whatever of novelty might be introduced into the argument consists of the fresh materials daily accumulating to prove that I had underestimated the
the Revenue. Thus
it
becomes probable that the $60,000 inserted in the Estimates as profit to set off against the expenses of the year in 1869, will not
be realised and except by selling land at
a loss, that is by offering it when the Market
is unfavorable, it will be unsafe to count
on
the amount of $85,000 expected to be carried to the credit of next
year,
which
must derive no
aid from the large capital raised by previous
land sales.
10.
I have therefore already notified to
the
Surveyor General that with the exception of the maintenance of existing Roads and Public Works he cannot at present make provision for any undertakings except supply of water and the drainage of the principal Chinese Quarter- matters too imperative in this climate to admit of postponement. This renders the Stamp duty
?
265
that instead of bring addrefed to me, they an_addroseed to your Lordship. The Memorialists are still shingly impressed
"wich the belief that
Mo
micreased lavation that is not
"Whatever is necessary," and if that prosition be
leuable, then, of
Canet,
the discussion of
what
species of laxation is best becomes
superfluous.
9.
Now it so happens that whatever of novelly might be introduced site the I argument consists of the fresh matnials daily, accumulating to prove that I had undesstimated the
the Revenue. Thus
د
esity for increasing every day it becomes probable that the $60,000 inserted in the Estimates as profit to set off against the expenses of the tint in 1869, will not
More
to them
A Seuls
be realised and except by selling land at
A
lops, that is by offering it when the Market
is unfavorable, it will be unsafe be cont
an
the amplus of $85,000 expected to be canred to the credit of next
miliste the last five
of next year,
years!
Can
which
devive no
aid from the large capital raised by previous
land sales.
10.
I have them fore alwady notified to
therefore
the
the Surveyor General chat with the exception= of the maintenance of existing Roads and Public Wasts he cannot at present maste provision for any imdertärstings except supply of water and the drainage of the principal Chinese Quarter- matters tor imperative in this climate to admit of postponement. Thus rentefs the Stamp duty
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