CO129-294 - Governor Sir Blake - 1899 [10-12] — Page 442

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Encl: 4 14th hour 1899.

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and estimated expenditure on account of Loan Works this year

is deducted in the calculation of the estimated balance of

1899 assets.

7. Paragraph 3 (e) A statement which is

attached herewith has been laid on the table of the Legisla-

tive Council showing the position of the Loan Fund as regards

its expenditure.. No part of that fund has been applied in

ald of the General Revenue..

6. Paragraph 5 (1) Mr. Whitehead is the only

Member of Council who desired to delay the consideration of

the Estimates, so that the Accounts which he states are not

comprehensible to him might be cleared up. In any case, how-

ever, the figures published do not affect the Estimatee for

next year, which do not take into consideration any balance

on the 31st.. December next..

9. Paragraph 4.. The Estimates have been

framed in accordance with your instructions, which were to

the effect that there should be a surplus of at least $50,000.

Mr. Whitehead asks how it is that so small an amount of the

available surplus is to be applied in 1900 to the execution

of public works.. He does hot seem to remember that no surplus

Can