CO129-269 - Governor Sir Robinson & Public Offices - 1895 [12] — Page 546

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lier Majesty's Government have been

largely influenced by the considerazion

that so long as the contribution is fix

in sterling the continued uncertainty

in the matter of exchange is calculated

to cause a greater dislocation in the

finances of the Colony than would be

caused to the Imperial finances if the

contribution is fixed in dollars.

4. It is to be understood that

the Revenue on which the percentage

will be taken shall include the gross

receipts from all sources which are now

brought into account as revenue, with

one exception viz: the proceeds of land

sales, or premia on leases, which are not

strictly revenue but the proceeds of

the sale of capital assets. The revenue

for 1895, less premia on leases, is

estimated at $2,018,526 so that a con-

tribution of 17% per cent, would amount

to