CO129-525-3 Estimates 1931 and other financial papers 16-1-1930 - 1-9-1932 — Page 353

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419

marked revival of trade during the

year, it seems doubtful whether the

1931 estimate will be realised. I

trust that at a very early date the

Retrenchment Commission will be able

to suggest substantial cuts in

expenditure, tiesingwvistarca s

In the circumstances

I do not propose to criticise the

expenditure estimated but I would

draw your attention to the oversight

whereby on page 12 of the draft

Estimates the original estimate for

1929 has been printed in the column

for actual expenditure.

57

In future years I shall be

glad to receive a fuller memorandum

by the Treasurer on the Estimates.

A review of the financial results of

the previ sou year, an indication of

the basis on which the estimates have

been prepared, a survey of the Colony'

financial position, and an indication

of thenroposals for financing any

thenron

deficit