CO129-226 - Acting Governor Marsh - 1886 [4-5] — Page 130

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7

127

Committee wa s

reported to the Council on the 7th instant and

the Draft Bill was introduced

and passed through the final _ stages yesterday as already stated. In a previous despatch I have informed Your Lordship

4.

that I do not think that the

Colony

will.

require

to borrow

more than $300,000 during the

present year. I have assumed on the authority of a statement received from the Major-General Commanding the droops that

between

between £40000 and £50,000 will

be expended on Military defences in 1886. During the first Quarter however only £8,300 have been

-spent

on these worke so

possibly

the estimate that has been

me is too high.

furnished

According to the Treasurer's last weekly return he had

instant,

on

jayth

!

On deposit bearing 5% interest: $200,000 Balance of current account

at Bank

Subsidiary

coins on

hand-

کو کو

118,725

#

132,600

$450,325

from.