45
on the 31st December - when I fear the Colony will be in debt at least $50,000
if no land sale takes place.
9.
In reference to that point, the recent extensive fire in the Chinese Quarter has diverted the capital that might have been expended on the purchase of land in that neighborhood, to rebuilding 136 houses on the space unfortunately cleared. This calamity therefore, combined with the general dearth of money in the present depressed condition of trade, renders it highly inexpedient to offer any Government land for Sale this year.
Vide Governor to Secretary of State, 155 of 24 November 1866.
The $40,000 of Revenue anticipated under that head will not be forthcoming, whilst, although the Commission of Inquiry on the mint has not yet reported, there is so little likelihood of the estimated profit, or any considerable fraction of it being realized from the mint next year, that the total deficiency of $100,000 on the estimated Revenue under those two heads only, between this and the end of 1867, is a contingency too probable to be safely pushed on one side. Therefore, for the present, it appears to me more prudent to act as though such deficiency were a certainty, and even if further retrenchment be necessary, it must be carried out.
45
on the 31! December - when I fear the Colony will be in debled at least #50,000
if no land sale laties place.
9.
In
reference
to that point, the
recent extensive fire in the Chinese
Quarter has diverted the capital that
might have been expended
on them
purchase of land in that neighborhood,
to rebuilding 136 houses on the space unfortunately cleared. This ~
Não so
-༣
calamity therefore combined with the general dearth of money in the present depressed condition of trade renders it.
Vide Governon to see. If Slate M 155 of 124 Novemba 1866.
highly inespedient to offer any Government
land for Sale this
year.
The $ 40,000
therefore of Reverne anticipated under
that head will not be forthcoming, whilst, although the Commission of Inquiry. on the mint has not yet reported, there
is so little likelihood of the # boooo~ estimated profit or any
considerable fash
of it being realized from the mint next
year, that the total deficiency of # 100000
on the estimated Revenne under those
two heads only,
end
between this and the
of 1867, is a emtingency two preobable
to be safely pinch
m me
side. Therefore
for
the
present it appears to me more
prudent to act as
though such deficiency
quite to?
were a
certainty, and even
if further
retrenchment be
carried out.
necessary,
it must be
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