CO129-226 - Acting Governor Marsh - 1886 [4-5] — Page 68

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itself for consideration whether extra Aaxation should be imposed at the present moment, and this has been referred to a Spesial Committee of Council, which has not yet reported. It had been

the general impression that extra

faxation would be abso

necessary

absolutely.

to enable the

Colony

to

meet the charges for interest and sinking fund on the loan, and

I admit that I have shared.

this impression until recently. In Shir G. Bowen's despatok No. 438 of

2236955

of 20

20th November last, he reported

that the consideration of the Spirit Farm Ordinance, had been postpone till the accounts.

for 1885 had

been closed, when the Colonial

Government and Legislature would be in a position to judge

more

accurately than was then possible of the financial prospects of the Colony Sir G. Bowen also stated that "many of those best qualified to judge, confidently believe that the progressive development of

commerce now relieved

our

now relieved from the

depression