their aid it is shown that the immediate Liabilities of the Treasury would reduce its cash in hand by about $45,000.
The statement made by the Auditor General that the Colony had a nominal surplus at the end of last year of $45,000 only has been used to prove that if the Colony had then suddenly wound up and time had been given to collect from its Debtors, a small surplus might have been anticipated if every one of its Debtors had paid in full - a very improbable contingency. It does not however prove that the Colony is in a position to pay its way.
10. My Predecessor pointed out in the 17th paragraph of his Dispatch No.30 of 7th Feb 1864 that it was the view of the Auditor, in which he concurred, that if due regard to Effects and Liabilities were felt much below $100,000, the Colony would be unable to meet its engagements in ready money. This is what has actually arisen, and I am not in a position to borrow any sum with a reasonable prospect of repaying it, unless Your Lordship will consent to relieve this Colony of some of the heavy expenditure with which it is burdened.
11. In fact it is obviously impossible to make remittance without borrowing money, and it was intended to levy a Military contribution from the
their aid it is shown that the immediate
Liabilities of the Preasury word. its cash in hand by about $45,
q
a.
The statement made by the Auditor General that the Colony had a nominal weeks of Afects at the end of
M
last
year of
of & 45,000 only
andag gees been
نه
to prove
that if the Colony had bun then suddenly wand up and trine had been given
Aw
eventual
to collect from its Deblos, small surplus might have been anticipated if every one of its Debtor had
-paid in full a very improbable I contingency. It does not havien prove that the Colony is in a position to pay
its way.
10.
My Predeceffor pointed out in
549
the 17th paragraph of live Dispatch N.30
his
of 7th Fort 1864 that it was the
The view
of the Auditor, in which he concurred, that if due was of Afects
Labilities
feel much belav & 100,000- the Colony
world be unable to meet it
in ready money
engorgements
This is what has
actually arisen, and I am not in
position to borrav
Muert
Lovey
any
reasonable
a
prospect of repaying
sent
it, muless You Lordship sill cowont to relive this Colacy of some of the heavy
I c
11.
with
- penditure wet which it is burdened.
that I
Can
In fact it is obviendly impossible
make remittance without
many,
and
it
At C
intended
to levy a Military contribution from the
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