CO129-226 - Acting Governor Marsh - 1886 [4-5] — Page 119

8

the interest and sinking fund

the portion of the loan which it

will be no

necessary

to borrow

ダ

116

On

of the Unofficial Members on the

during 1886. At the same time. I expressed the opinion that, at some future date, extra taxation would become absolutely necessary. I annex for Your Lordship's information extracts from local; papers giving reports of the proceedings in Council on March and 14th instant and I

31st

would beg specially to call Your Lordship's attention to the remarks

of

Enclosure

"The Daily Press of the 1854 15th April, 18:00

1260

former date in support of the principle of raising extra revenue if necessary, by extra Stamp duties rather than by a Spirit Farm

"I beg to refer Your

5.

of

Lordship to my despatch We118. 10th April instant, in which I stated

my belief that, after providing for 74% payment of Seven and a half per $300,000, cent on Three hundred thousand

dollars, the sum which it will be

to borrow this

year, necessary $116,000. there will be a surplus of one

hundred