CO129-545-1 Estimates 1934 4-10-1933 - 17-4-1934 — Page 26

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five dollars to the public service for

the year 1934".

I observe with satisfaction

that the need for caution in view

of the recent fall in revenue returns

is fully appreciated in the Colony,

and that the Estimates are

consequently calculated on a

conservative basis. Having regard

to this circumstance, and to the

fact that it is nevertheless

estimated that at the end of 1934

surplus balances will still exceed

$10 million, I approve the proposal

to draw on surplus balances to the

extent of some $1,600,000 to meet

the cost of Public Works Extraordinary.

In paragraph 5 of your

despatch No.515 you state that it is

not