✨ Provincial Financial Statement
69
I think you will agree with me that we have tangible ground for expecting a material augmentation to our year’s revenue from the source indicated. A correspondence is going on with the General Government on that subject, and it is not desirable therefore for me to lay the papers on the subject before the Council. I believe I have stated enough to show that it may fairly be calculated that there will be enough, if our estimates of income be realised, to balance the proposed expenditure, without having recourse to the guaranteed overdraft, which amounts this year to £16,574 18s. 10d.
The Provincial Government has come to the conclusion, after a careful reconsideration of the subject, to confine its application for borrowing this year within the most moderate limits, such as indeed, if acceded to, will not place the total amount of its loans beyond the point which they reached, when the “Wellington Debts Act” was passed. Contingent estimates will accordingly be sent down, limited to the amount of the reduced loan proposed to be asked for, viz., £66,000.
I now declare this Session to be open for the despatch of business.
WILLIAM FITZHERBERT,
Superintendent.
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Wellington Provincial Gazette 1874, No 12A
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Provincial Reports and Financial Statement
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🏘️ Provincial & Local GovernmentFinancial Reports, Revenue, Expenditure, Direct Taxation, Public Works, Survey, Roads and Bridges, Public Buildings, Engineering Supervision, Wellington Province
- William Fitzherbert, Superintendent