CO129-217 - Governor Sir Bowen Administrator Marsh - 1884 [7-10] — Page 346

343

Hálés, or of

or of the Australian Colonies, H amounts to ove fighth of the whole revenue of Hinghing, Berefore it is a very im portant dim.

It is proposes that the Colony should borow money next year and the amount that has been suggested in $1,250,000. A further loan mi have to be effected

.

The Colony has to contribute towards

A

а

The Military defences which have been Long under consideration. Entrest must be provided for these isaus and tinking Gund for the purpose of repaying them, buppone that the loan Avis aeferred to can be raised at 4% and that the very moderate rate of

3%

be

be set aside for sinking Fund, $87,500 mill have to be provided annually for these purposes. Stow is this to the reuses

the' oprim Revenue Gallo 93.

Jalls off. $100.000? E voces on land and houses an already 12%. The taxation of the populativi

if

The Colorry is exceedingly light, about 1.8.18 per head, sout that is mainly because this is a free port and there

they

are no Eustion clues. Custom dues never be imposed here, as drive away a large amount

shipping

could

would

0%

The

and be a Gatae blow to the

The Colony.

prosperity of

The Revenue of the Colony will be

potry clovely couitivizes when a loan is

put