No. 7, Financial
26 January 1861
I have much pleasure in transmitting herewith a synopsis
of the Revenue and Expenditure of the Colony of
British Columbia
for the year ending
on on the
31st day of December 1860, which I have caused to be compiled in the Audit Office from the
Public Accounts for the purpose of laying approximately before
Your Grace at the earliest moment such information as may be
desirable, in anticipation of the formal Estimates which are
in course of preparation, and will be forwarded by the next Mail.
Although the
DecemberReturns Returns and some of the back accounts of the distant out Stations have not been received
and are merely estimated in this account, yet it exhibits very closely
the actual Revenue and Expenditure, and may, for all practical
purposes, be assumed as a true statement of the financial
position of the Colony.
The principal item of Revenue in that account
will will be
found under the head of Customs, classified as follows, viz
t Duties on Imports £29,702—Harbour and Tonnage Dues, Head Money, the Roads Tolls at
Yale and
Douglas for the month of
November, and other minor receipts, collectively £5817,
making in all the sum of £35.519.
The increase of Revenue from duties on Imports is about 70 per cent, as compared with
the Revenue
derived derived from the same source in
1859; and it may be fairly assumed, considering the increase of population and the progressive
state of the Colony, that the Customs Returns
of
1861 will be in excess of those of
1860.
The amount of land Sales for the Year
1860, is £10962,
which is less by £7915. than the sales of
1859; a difference explained by the large sums received
for for building lots at
New Westminster and other Towns where land was required for commercial purposes, and sold at high
prices. A larger quantity of Country Land has been sold in
1860, but from the comparatively low price, did not yield a proportionate revenue.
There is no prospect of a material increase in Land Sales
for
1861, except
through through the effect of emigration from Canada and Great Britain, as there is a very
small farming population in the Colony; the working classes being chiefly miners,
accustomed to excitement, fond of adventure, and entertaining
generally a thorough contempt for the quiet pursuits of life.
The minor items of Revenue in the synopsis
will will probably
not vary much in
1861 from the sums in the present Return; and cannot, in any case, be expected greatly
to affect the amount of the general revenue.
On the other side of the account is the sum of £16,736
expended for "Establishments"—the most rigid economy having
been exercised in this department, the amount
is is not susceptible
of reduction—but might with advantage to the public service be
increased by some very necessary additions to the emoluments
of the principal executive officers of the Colony; their
present Salaries being not only inadequate to the relative
importance and responsibility of the offices they hold, but
literally insufficient to
maintain maintain them in a respectable position; a subject which I will take the liberty
of bringing
before Your Grace in a separate Despatch.
The outlay on Works and Buildings amounts to the sum of
£3513, and in the formation of Roads and Bridges there has
been expended the sum of £18,935; a profitable investment
for the Colony, as is apparent from
its its increasing revenue,
which will no doubt keep pace with the improvement of its
internal communications and the facilities afforded to trade
and commerce. A detail of those Works is given in Statement
N
o 2—and the outlay on each is approximately shewn.
The other items of disbursement, being separately of small amount, need no comment.
The entire expenditure amounting to £44,124:
has
been been defrayed out of the current revenue, and there remains a balance of £8886 in
the Treasury, which will be sufficient
to meet the outstanding liabilities of the Colony for the
unfinished Contracts of the Roads in progress.
For
For the execution of these highly necessary works, we may,
I believe, safely estimate that the sum of £25,000 can be
provided out of the revenue of the Colony, without at all
impairing its capacity to defray the whole Civil expenses of
the Government. Much more than that sum is however required to
complete such extensive public works; and I therefore addressed
Your Grace on the subject of
a a Loan of £50,000 in my Despatch N
o 84 of the
28th of August last.
If that project can be carried out, we shall enter the
field with larger means, and the Colony will sooner experience
the impulse thereby given to trade and industry; if on the
contrary the Loan is not procurable, the extent of those
undertakings will be regulated by the means actually at my disposal.
I
I see no probability, short of an almost absolute abandonment
of all the essential public works upon which we are engaged, of
our being able, this year to maintain out of the Colonial Revenue,
the Detachment of Royal Engineers stationed here; and I rely
with confidence upon the Mother Country again affording her
assistance in our difficulties, by providing for them as
heretofore, out
of of Imperial Funds, so that I may be free to
apply the whole surplus revenue of the Colony, after paying all
its own Governmental expenses, to the opening of Roads and other
public works indispensable to its development.
I have the honor to be
My Lord Duke,
Your Grace's most obedient
and humble Servant
James Douglas
Minutes by CO staff
Probably it will be acknowledged, with an intimation to that effect.
Documents enclosed with the main document (not transcribed)
Note in file: "C.O. 60 Vol. 10, Folio 31R,
being too large will be photographed later."
"Synopsis of Revenue and Expenditure for Year ending
31
December 1860," signed by
W.A.G. Young, Acting Colonial Secretary and Acting Auditor,
15 July 1861.
Other documents included in the file