31
to meet certain liabilities which Her Majesty's Government had some years back decided to be fairly chargeable to it. If without increased taxation or some new source of Revenue Her Majesty's Government supposed that the colony was able to meet an expenditure of $94,000 per annum for the Military Contribution, I think the supposition has been incorrect, and I think so without reference to the Mint Expenditure, because as I saw, within a week after arrival here, my aide and schooner reported to Mr. Bardwell the means of the colony had obtained an exaggerated reputation from mixing up capital derived from the sale of its land with Revenue arising from permanent annual sources.
State No. 3 of 26th March 1867.
264
I question if Her Majesty's Government had any idea originally of compelling the colony to resort to special taxation for the purpose of making a payment in aid of Military expenditure, on the abstract policy of which I do not offer any observations. I am merely to offer dry facts, and I doubt if dealing with dry facts, the real bearing of actual facts had been known, and, if Her Majesty's Government could have foreseen that the establishment of the Mint would have led to further great consumption of the colony's capital, and absorbed a large portion of its annual Revenue, they would have
31
to meet certain liabilities which Her
Majesty's Government had some years back decided to be fairly chargeable to it. If without increased taxation
or some new source
of Revenue Her
Majesty's Government supposed that
the bolony
was
able to meet an
: expenditure of $94,000 per
annum
for
the Marlitary Contribution, I think the supposition has been.
inconect,
and I think so without reference to
the Mint Expenditure, because as
I
saw,
within a
week
after
avival here,
my
and scho
reported to Mr bardwell the means former to bevy of of the laclony had obtained
ww
C#
exaggerated reputation from mixing up
capital
derived from
sale
of
it's land
State No. 3 of 26th
Maauch 1867.
264
with Revenue arising from permanent
annual sources.
26.
had
I question if Her Majesty's Geremment
any
idea
originally of compelling
the balony to resort to special taxation
for the purpose of making a payment in
aid
of Militing expenditure, on the abstract
policy of which I do not
any
observations. I am
mean
am mow
to
merely
offer
dry facts, and I doubt if
dealing with dry facts,
#
the real bearing of actual facts had been known, and, if Her Majesty's Goverment
CL
CH
could have foreseen that the establishment of the Mint, would have led to further great consumption of the bolny's capital, and absorbed a large portion of its annual Revenue, they would have
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