CO129-489 - Governor Sir Stubbs & Sir Clementi - 1925 [8-12] — Page 361

I must clapore afte

been nacher will

Cam

be fully

A

siblement Les

Каба

Canton before trave re-established.

This

not bem last sight of

consideration has not

but est do

14

Resemme for 1926 Las

been estimated

at $21,867,743, roughly

5-

Substantial pruning hos bem down.

But whatts

In view of the anticipated

deficit, the formning goes for crough i another question.

In connection

the Governor said

33

with the 1925 Est.

#1⁄2 million loss than the original appod.

Est. for 1925.

The figures given under

The various

Classes of

15 Janu

Ron

Revenue are much

containnt in the

later Estimati,

increase of $12 million

except that

I'm is an

mifa Liceumg fo

Internal Revenue

owing

k

ratcable values

and

A

护

Similar

Ok New Leams).

of $240,000

incrcton mi

Scarian f

A

under Land sale (Premia

Then is

also

A

Sunose

uufe Clan III, 2. lukiest.

тибе

The Expenditure Estimate, which

the Governor statio has sem framed with-

the greatest caution

and with

L

at work effort to effect economy,

Las

bem fixed at $23,790, 615 than

anticipated deficit of acaty

leaving

ふれ

$21/2 millin

Expenditure Est.

OK

πt.

the year.

61⁄2 is over $6 million

the Apps. Est. for 1925,

lower than

and over

$6 mikion

lower than

The

Verg

Revised Est., proof in itself that another

to meet emergencies.

tat

Le regarded

$5,000,000

16

maximu

przemy

which it

んち

necessary

To kap in

The Eslimals how

Land

Submitico allow for

A

Seficit which

дой

AD

readily available.

with reduce the surplus balances of th

Colony 15 under $3,000, ***

to

which

twil

відіб not be liquid

ak J

The alternatives to reducing balances to danger point

ar

two fold :-

(a) hi

drastic curtailment of expenditure antic The budget

Cathode

be made Balance

(b) the imposition of fresh taxation fr. the process of which

deficit

06

the war

Ili anticipată

could be met.

A third course of raising

further loan

secus charly inexperient in ponsent cires.

As to (a)

reluctant

it is cha

Itu Hk an

to nonce further (su experially

the speeches of Unofficial Members of Council).

confident of the future: they

They

Arc

Bélier that 1926 with to prosperity again; prudence they have

the therm

the mod

while thing wish to show no Scrive to show panic;