CO129-304 - Governor Sir Blake - 1901 [1-4] — Page 211

)

206

i.

186

9265

In certo

been remitted on condition of prompt payment of the

amount due for the second year, as reported in my

Despatch No.48 of the 9th, instant.

4.

The Estimate for Interest is on ac-

count of the large increase of the balance of assets

ever liabilitieswhich seems to justify an expectation

that there will be a much larger average cash balance

during the year.

5.

C

2

As regards Land Sales, to which you

refer in paragraph 6, it is not possible to frame any-

thing like an accurate estimate of what will be derived

from this source. There was a land boom during last year

which practically commenced about the time the Estimates

for 1900, were under consideration, but as there were

indications that the sale of land might show a diminu-

tion during the current year, I considered it prudent

to make a cautious estimate, which may be exceeded.

In reply to paragraph 8 of your

Despatch and in explanation of the Estimate for "Miscel-

laneous Expenditure" during the year, I have the honour

to furnish you with the following remarks detailing the

reasons for the various changes.

6.

7.

The Government Gazette has almost

!

doubled in size and the cost of printing &c., has sem&---

what increased since the Estimates for 1900 were framed.

Care is, however, being exercised to reduce expenditure

under