340
them is really a much larger
I
available for disposal. For mention
if the sums due to it "Special And"
be deducted from the Liabilities, we
should have a
balance of about
$500,000. Of course all this will
not be strictly available, by reason of
bad debts and like matters. But
then quite near the whole of it will
be.
Now this is just about the
sum required for the various great works
still remaining to be done:
New Jail say $75,000
Central School 75,000
Breakwater 80,000
Wath Works
---
$270,000 $500,000
(£57,000)
A Comm... grant
of the cost of the Breakwater a
sum of $40,000 from the "Special Fund" has
been sanctioned. Unless therefore further
sums are to be sanctioned from the "Special Fund" of which
$632,640 still remain, the accumulated
surplus at the beginning of 1901, will soon be swallowed up. Sir J. Hennessy
is therefore fully justified in his
reply to Keswick on
the question of accumulated balance
mentioned in the covering despatch.
A
It is also, as you have already intimated to Sir J. Hennessy, too early
to think of reducing taxation, although the state of affairs is by no means
unsatisfactory. Estimated surplus of the coming year being $98,241.
Now with regard to the
prosecution of the great works
in question.
340
them is really a much larger
I
available for disponal. For mentione
if the mums due to it "Special And"
be deducted from the Liabilities, we
should have a
bales of about
$500,000. Of course all this will a
not be strieth available, by reason of
bad debts a much like matters. But
thom q near the whole of it will
be.
how this is just about the
required for the your great works
1
Infermen force facts.
remaining to be done :
Un new fail say $75,000
Cntial School
75,000
Breakwater
Wath Works
80,000
-.270,000 $500,000
(£57,000)
Comm ? grant
of the cost of the Breakwater a
of $40,000 from the "Special Fund" has
been sanctioned. Unless theirpore further
ps are to be sanctioned pom the" Specials Hand" of which
$632,640 still remain, the accumulated
surplus at the bequining of 1001, will In and wordthing more will be required beslage for Diffe soon be swallowed up). Si J. Humany
is therefore fully pustified in his
tour: Keswich on
opite accumulatest balanc
the question, (hers).
mentioned in the covering despati
A
It is also,
as book has already bears intimated to Sri/. Hennessy, too earl
to think of reducing taxation, although the state of affairs is your bey no means
(bairh) musatisfactory to Estimated surplers of the coming year being $98,241.
how with regard tortu
prosecution ofthe great works
question.
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