CO129-519-1 Estimates for 1930 5-9-1929 - 14-11-1929 — Page 3

3

× See (3) on

52907/28

Xsee p. 177 Raport of Col. Sexy's

speed.

Estimates are framed on conservative lines, or

that the observations of the Secretary of

State on the 1929 Estimates have been taken to

x

heart. Increases appear under almost every

head, and some are substantial. Decreases are

few, and by comparison insignificant. So far

reserve of his und assets from building up a

the policy

•

which was recommended in the Secretary of State's

last year

despatch provi

liquid

imates, the entire

1

existing balance is regarded as available for

expenditure and is swallowed up, except for a

sum of $1,669,382,

described as left

unallocated, though available for expenditure

Even

inberts

+

en this is,parmarked for expenditure which

will be rendered necessary if the recommendations

of the Salaries Commission are adopted,

in laged

No doubt it was felt that an lättjan expenditure was justified. The revenue returns

indicated that the Colony had now emerged from

the serious difficulties of recent years, and a reaction from the necessary economies of these lan

years is only natural.

Replacements and similar items of

expenditure which may have been delayed have

a possible

now become overdue. As instance of this I

would point to the fact that there is provision

for at least five new launches at

prices

running up to $100,000 for various Departments.

It may also be felt that it is unreasonable to

build up a large balance of liquid funds at a

time when programmes of Public Works are

necessitating new loans on a considerable scale.

The argument might hold good if the loan funds

were