CO129-264 - Governor Sir Robinson & Public Offices - 1894 [9-12] — Page 540

535

endeavour

10. Although every has been made to effect e

et

nomy without impairing efficiency the estimated ex- penditure of 1895 shews an increase over that of 1894 owing to the depreciated value. of silver. In the estimates for 1894 the dollar was calculated. at the rate of 2/6 whereas in the estimates for 1895 the

dollar has been calculated

at 2/1, the current rate of the

day.

This

fall in value seri-

ously

Gours.

are

con

ously affects the expenditure of the Colony so far as its sterling payments cerned, the chief of which is the Military Contribution. The estimated expenditure under this head amounts to no less

than $384,000 or about

one-

fifth of the entire revenue

I have already the Colony.

referred to this subject in

of

1.890f1898. the several despatches which

تم

of

124511-

"45" 18946 are noted in the margin.

883793 1605 934 Estim 645994, 60t

11. From the enclosed ac

count

2

#!

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