CO129-210 - Governor Sir Bowen - 1883 [6-7] — Page 172

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cost of such permanent public works as those referred to should not be defrayed entirely by the present generation. At present very few communities in the world are not only absolutely without a public debt, but which also possess an accumulated surplus equal to more than one year's revenue. That revenue is, moreover, increasing and elastic under favourable circumstances.

Under these circumstances, I concur with the recommendation made in the luminous report of the Auditor General, and adopted by the Finance Committee of the Legislature that the execution of the permanent Sanitary works should be defrayed by means of a moderate loan, which should not, in my opinion, exceed one year's revenue of the Colony, and part of which must be raised before the year 1885. The completion of the works proposed will require not less than three or four years, and it is calculated that there are assets in hand sufficient for at least the next two years. Arithmetically, it will be seen that it is proposed that these works should

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171 cost of such permanent public works as those referred to should not be defrayed entirely by the present generation. At present very few communities in the world are not only absolutely without a public debt, but which also possess an accumulated surplus equal to more than one year's revenue. That revenue is, moreover, increasing and elastic under favourable circumstances. Under these circumstances, I concur with the recommendation made in the luminous report of the Auditor General, and adopted by the Finance Committee of the Legislature that the execution of the permanent Sanitary works should be defrayed by means of a moderate loan, which should not, in my opinion, exceed one year's revenue of the Colony, and part of which must be raised before the year 1885. The completion of the works proposed will require not less than three or four years, and it is calculated that there are assets in hand sufficient for at least the next two years. Arithmetically, it will be seen that it is proposed that these works should
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171 cost of such permanent public works as thou referred to should not be defrayed entirely by the of the King King لمز present generation. at present one very few communities in the world which of is not only absolutely without a public debt, but which also porcelles elus an accumulated surplus equal to more than one year's revenue. That revenue is, moreover, increasing. elastic and inc circumstances Under these concur with the recommendation made in the luminous report of the Auditor General, and adopted by the Finanss Finance Committer of the Legislature that the execution of the permanent Sanitary works should be defrayed by means of a moistate loan, which should not, in my opinion, exceed one year's revenus the Colony, and of part of which mosd be raised before the year 1885. The completion of the works proposed will not less than three or require four years, and it is calculated that there are assets in hand sufficient for, at least the next two years. Arifly, it will be seen that it is proposed that these works, should
2026-05-23 09:56:29 · Baseline
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171

cost of such permanent public

works

as thou

referred

to should

not be defrayed entirely by the

of the

King King

لمز

present generation. at present one

very few communities in the world which

of

is not only absolutely without a public debt, but which also

porcelles

elus an

accumulated

surplus

equal to more

than one

year's

revenue. That revenue is, moreover,

increasing.

elastic and inc

circumstances

Under these

concur with the

recommendation made in the luminous report of the Auditor General, and adopted by the

Finanss

Finance Committer of the Legislature

that the execution of

the

permanent Sanitary works should be defrayed by means of a moistate loan, which should not, in my

opinion, exceed one year's revenus

the Colony, and

of

part of

which mosd be raised before the year 1885. The completion of the works proposed will

not less than three or

require

four years,

and it is calculated that there are assets in hand sufficient for, at least the next two years. Arifly, it will be seen that it

is

proposed that these works,

should

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