CO129-307 - Governor Sir Blake - 1901 [10-12] — Page 362

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Memorandum on the 8stinates for 1902,

359

Op the 31st. December, 1900, the Assets of

the Colony, showed a balance over Liabilities of $1,100,785,69 which does not include the value of silver at the Mint at the end of 1900 amounting to $40,415,33.- This balance, it is anticipated, will be still further increased by about $359,395,94, the estimated balance of Revsade over Expenditure during the year 1901, which will thus increase the Assets to a total of $1,499,497.45,-

The Loan Account on the 31st.Decsuber last

stood as follows:-

Cr.

Inscribed Stock Loan at

8341,799 ..

· 15.1 interest to

be paid off on the 15th. April, 1943.-

By Sinking Fund $13,485. - 13

•

As to expenditure, a reference to the Estimates will show that in 1900 the actual expenditure exclusive of Public Works Extraordinary amounted to $3,155,341.24: that the approved Estinate for 1901 is $3,267,932,29 and that the estimated expenditure for 1902 is $3,781,833.58 showing an estimated increase of $493,708, 29.

As to Publico Rocks Extraordinary the

actual expenditure for 1900 was $473,305,89: the approved estimate for 1901 is $735,338.00: and the Estimate for 1902 is $797,318.68 showing an estimated increase over 1901 of $70,979.83.·

Turning to the Estimates for the year 1903 it will be seen that the Estimated Revenue amounts to $4,805,985 and the Estimated Expenditure to $4,559,955.98 showing a surplus of Estimated Revenue over Estiasted Expenditure of $47,009.74. As the Estimates have been framed with caution there is every reason to anti- cipate that the amount estimated will be realised, in which case the Revenue for 1909 will be the largest in the history of this Colony. The revised Estimate for 1901 amounts to $4,259,820.00, so that the Estimated Revenue for 1902 shows an increase over the revised Estimate for 1901 of 3347,345,

The Memorandum accompanying the Estiuates

for 1903 explains in detail the reasons for the anticipated increas98 and decreases in the various iteas of Revenue. 1/11-1/2 has been taken as the rate of exchange for Sterling payments.

The items which it is estimated will yield a considerable increase are as follows:-

Assessed Taxes

so estimated increase of $130,000 owing to the sew A888384ent which has been completed and to the increase in the number of new buildings..

Carriage to. bioenoes an estimated increase of $41,000, owing to the

Government

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