✨ Provincial Council Opening Speech
NEW ZEALAND GOVERNMENT GAZETTE,
(PROVINCE OF WELLINGTON).
Published by Authority.
All Public Notifications which appear in this Gazette, with any Official Signature thereunto annexed, are to be considered as Official communications made to those persons to whom they relate, and are to be obeyed accordingly.
HENRY BUNNY,
PROVINCIAL SECRETARY.
VOL. XXII. SATURDAY, MAY 8, 1875. No. 15.
Speech of His Honor the Superintendent on opening the Twenty-eighth Session of the Provincial Council.
MR. SPEAKER AND GENTLEMEN OF THE PROVINCIAL COUNCIL,--
It is satisfactory to me that I am able to inform you that the Financial Year, beginning on the 1st instant, opens with a balance at your bankers, to the credit of the Provincial Account, amounting to £16,197 10s. This amount contrasts favourably with the amount of the credit balance, viz., £884 8s. 3d., with which the last Financial Year commenced.
This balance is exclusive of the sum of £3,435 16s. 6d., which stood to the further credit of the Provincial Account on the 1st instant. The amount of £3,435 16s. 6d. is comprised of nearly £3,000 deposited with the Provincial Government by certain Natives, at interest, and of £450 paid to your account by the Trust and Loan Company. The Provincial Government has been prevented from either using the money or paying it back; and for some time was also prevented from paying the interest due for its theoretical use. Since the amount referred to serves no practical purpose but that of being impounded for the benefit of your bankers, you will be asked to give an express authority to liberate it.
The Ordinary Income of last year was estimated at £31,800; it realized £30,873 4s. 9d., leaving a deficiency difference between estimate and receipts of £926 15s. 3d.
The Territorial Receipts reach £81,455 3s. 3d., being an excess of receipts over estimate of £6,455 3s. 3d. This statement is exclusive of the sum of £9,672 10s., the amount of scrip exercised within the year in the purchase of land and cancelled, and does not disturb the calculation made for revenue purposes.
The Special Income fell short of our expectations by £9,354. It is well understood how this considerable discrepancy between estimate and receipts was brought about. It is not necessary here to advert to the circumstances.
Altogether, notwithstanding this disappointment in the amount of receipts under the head of Special Income, the total receipts for the year only fall short of the estimate by £3,825 12s. 6d. The estimated total income for the year 1874-75 was £122,726 18s. 9d.; the actual receipts amounts to £118,901 6s. 3d.
The whole, or nearly so, of the various works and undertakings authorized by you last Session have either been finished or are under contract, and I may add that most of them have been executed at moderate cost, considering the high price for labour and material which has ruled during the past year.
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Wellington Provincial Gazette 1875, No 15
✨ LLM interpretation of page content
🏛️ Opening Speech of the Provincial Council
🏛️ Governance & Central AdministrationSuperintendent, Financial Year, Provincial Council, Budget, Income
- Henry Bunny, Provincial Secretary