CO129-124 - Sir MacDonnell - 1867 [8-9] — Page 268

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$109,589, charged to the balony, instead of only $2820, which

incurred

om

was the

expense the same account in 1863.

$106769

The difference between those sums or must therefore be deducted from $163,899. intered as part of the Postage Revenue of 1866 to ascertain the amount actually available as Kevenue.

18. That alone is a

but is not

by

very great deduction,

my means

any

the

for if the profit in quat part

of

only

one

in queat part imaginary

the Meint $10,490, is to be accounted

an increase

ther side

of

the account the cost at

which that profit of $10,490 has been purchased,

a cast not less than $50,000, exclusive

interest

om

of

#t

ne is

$360,000 of capital sunk. Therefore to arrive at what I presume the principal defect of your Spaces inquiry, viz. the available ordinary Revenue

must deduct the

difference

profit and lop

and lob caused.

Ave

between the

by the Mint churning

1866, which may fairly be put

about $40,000.

down at

Nor is this all because in the

19.

of

the Revenue, so as

to invite

statement

of

Revenue

o

the

of

the imposition of further expense

bolany

we cannot get at the real available

Lamount with which the

Space

can deal till

we

leolony

and your on the

have put

for 1866, the item

5,327) exceeds that of 1863 ($1000) by $8310, but such reimbursements only balance

Reimbursements in aid (viz. $18,32.

corresponding items of expenditure, so