CO129-268 - Governor Sir Robinson - 1895 [7-11] — Page 376

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would not reach the sterling

£40,000. But we would ask

sune of

you, Sir,

if it has not been our constant con- tention that this sure has always

deration, and also the fact that they will have the advantage

the fall and the rive.

3.

both in

It must be further borne

any

been too heavy

a burden

for this Colony

in mind that

Colony

to bear. At the time when it was

A we

asserted to it, aserchange

imposed.

comparatively high,

then it has bear

but ever.

Airco

falling: in 1891 we

|: paid $254,211.12 and in 1894 $371,647.50. The burden has therefore become more

and more irksome,

as we have cous.

and the sun.

tantly represented. Now, however,

exchange is

rising,

which we should have to pay in

the

dollars, if

-arrangement were adhered to, would be becoming less and less. On the other hand, with

the proposed new allrangement, the Imperial Government, receiving a fixed sum of 17/2 per cent in dollars, will noturally benefit the higher exchange

goes.

This should be taken into consi=

deration

revenue of the i corresponding

increase in the

will

Meat a

one in the Military

Contribution. Now we are informed

good authority that the revenue

for

This

year,

inhead

of being, as

probably se

estimated $2,018,000, will,

nearer $2,300,000, meaning a larger Military Contribution. There sears to

be

every reason for hoping that each succeeding year will show & fresh inve

crease in the revenue, so that there would seem to be little cause.

Katour

for the Imperial Government to fear Military Contribution will be inade quate.

It may be argued that if in 1894, when our revenue was $2,287, 203 we were able to pay $371, 647.50, as a Military

: