CO129-346 - Governor Sir Lugard - 1908 [1-3] — Page 334

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under consideration. The excess on Public Works Recurrent

is due to further disbursements on account of damages

sustained in the typhoon of the year 1906, which were

anticipated in the concluding paragraph of Sir Matthew

Nathan's Despatch No. 61 of 22nd. March, 1907.

4.

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A comparison of the Statement of

the probable financial position on 31st. December, 1907,

transmitted in my Despatch No. 260 of 14th. October, 1907,

with the position disclosed by these Returns will show that

the estimated surplus of Revenue has advanced to $845,077,

and the estimated balance of Assets over Liabilities to

$1,444,738, a rise of $61,968 and $9,393 respectively.

5.

The financial position of the

Colony at the close of the year 1907 may be regarded as

satisfactory.

I have the honour to be,

My Lord,

Your Lordship's most obedient,

humble servant,

Manganes

Governor,