298
the present decline of commercial prosperity,
the Severe depression, which has prevailed for some years, render it extremely unlikely that the Executive could increase, or maintain an increased expenditure without aid from some unusual source.
that of 1866, however desirable for suppression of crime. I consider therefore that adopting 1866, as a standard, which, if anything, fixes the liability of the colony at too high a figure!
5. M. Mennie, however, has not been able, as I perceive, to give Your Lordship all the future liabilities of the special fund. Thus he was not in possession of all the details of expenditure on Colonial works, nor of that for opening communication by roads and telegraphs round the Island, nor of that proposed for the Chinese Hospital, &c. Even assuming that he had been able to show legitimate charges against the special fund in excess of those which he has brought forward, nevertheless the truth of Your Lordship's observation is not the less seriously apparent.
It is evident that there must be a considerable balance in hand and that in future the balance will be even larger than that which accrued during 1868. In fact, the fund increases at the rate of $200,000 per annum, whilst only $145,453 has been expended in two years.
H..
298
the present decline of commercial pracperity,
the
Severe
depression, which
render it
following or has prevailed for some I extremely unlikely that the Executive
years,
without aid from some unusual source could increase, or maintain an increased: jexpenditive
that of 1866, however
I
over
desirable for suppression of crime. Consider therefore that adefiting 1866, as
la
а
text
year is adapting a standard, which, if anything, fixes the liability of the bolony at too high a figure! 5. M. Mennie however has not been- able as I perceive to give Your Lordship all the future liabilities of the special fund. Thus he
Avas
not in profesion
of all the details of expenditure on
Colonial repoelo.
mar
of that for opening
mmunication by roads and Selegraphs round the Island- nor of that proposed
for the Chinese Hasspital ye ye. Even afuming that he had been able to shew legitimate charges against the special fund in excess of those which he has brought forward, nevertheless the truth of Your Lordship's abservation is not lip seriously apprerent wing. Ell is
11
'
balance
siz
evident that there must be a considerable
in hand and that in future the balance will be even larger
years
than that which accrued during 1868.
In fast the fund inveases at the rate of $200,000 per annum whilst only $145.453 has been expended in two
years.
S'L
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