280
up $350,000 of the Assets of the Colony and involved this Government in an annual expenditure of more than $62,000, without making any allowance for wear and tear of Machinery or interest on capital sunk. It may therefore be conceded, I think, that unless there be some marked and reliable increase to the Revenue from other sources, the ordinary means of the Colony could not meet another similar burden.
Some have been induced to infer that the Colonial Revenue had increased from £120,000 in 1863 to £163,000 in 1866, and states that the Revenue had increased. I respectfully call in question the accuracy of these figures in the sense intended - which I presume to be, that the Colony had a larger amount of Ordinary annual Revenue at its disposal in 1866 than in 1863.
It is nevertheless easy to see that in 1866 the Revenue was £45,000 more than in 1863.
Hence it becomes important to consider how the calculation is made. I observe that in proof of this, Your Grace contrasts the Revenue of 1863 with that of 1866 to show that it would be unsafe for Her Majesty's Government to shape their policy towards this Colony from reliance on any deduction from the above figures. The latter are perfectly correct, but the inference drawn from them, however natural, will be found on examination to be actually incorrect.
280
up $350,000 of the Afsets of the Colony-
and involved this Government:
annual.
expenditure of
an
more than $62,000.
by without making amy allowance for wear · and tear of Machinery or interest of... capital sunt. It may therefore be conceded, " I think, that inlefo there be some
marked and reliable increase to the
CH
Revenue from other sources, the ordinary of the Colony could not meet -
[means
another similar burthen.
艹
Same h
ba
gat han bear the
verted el whuy
with 1866. and states that the Revenue
had moreased from £120,000 in the
former to £163000 in the latter.
respectfully cull in
· very
question the accuracy
of these figures in the sense intended-
which I presume to be, that the belony
had
a
larger
amount
of Ordinary
Ordinary annual
£45.000
Revenue at its disposal by £300
than in 1863.
15.
It is nevertheless easy
00 in 1866
14.
Hence it becomes
important
to
consider how
the calculation is
Iconect
far from which
induced to
means.
infer
Your Grace has been
increased bolonial
I observe that in proof of this Your Grace contracts the
apar
1863- with
to shew that
it would be unsafe for Her Abajesty's
Government to shape their policy towards
this bolony from reliance on
on any deduction
any
from the above figures. The latter are
perfectly
correct but the
ference drawn-
inference
from them however natural, will be
found
om ex
examination to be actually
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