Mr Elliot
September is rather late to deal with Estimates of Expenditure
for the current year.
They were not introduced into the Council till April—&
the Appropriation Ordinance was passed on the 1st May.
The peculiar Financial condition of the Colony &
Governor
Seymour's expectation probably of hearing some decision in
regard to his appeal for a Loan of £50,000 from the Imperial
Treasury may, however be taken as a sufficient excuse for the
late introduction of the Estimates. But I do not see why
it was to take him 3 months nearly before sending them home—&
then without a word of comment or Financial information—nor why
it was to take the Colonial Secretary an equally long time to
prepare the meagre Report on the Estimates he has made.
The Estimates are satisfactory to the extent that the Estimated
Expenditure is brought within the Estimated Revenue.
The Estimated Revenue is $576,000—being more than the actual
Receipts for
1867 namely $475,250—tho' less than the Revenue
estimated for that year namely $675,350. The Colonial
Secy
explains on what grounds this increase over
1867 is warranted, &
states the Customs Duties for the 1
st Quarter of this year
exceeded by $47,407 the receipts
of the same Quarter of last year.
The Estimated Expenditure is $572,353—that for 1867 having been
$701,711—the actual Expenditure is not given—the chief cause
of reduction being that there is only $70,000 in the place of
$170,000 for repayment of temporary Loans, & it is satisfactory
to find from the Colonial Secretary that "a greater portion of
the Loan by Debentures paid under the Exchequer Debenture
Ordinance of 1867 & which do not fall due until 1869-1870" has
been paid off, & "a portion of the temporary Loan paid off absolutely."
There have been reductions of Offices, but what is not shewn.
In fact there are Returns which ought to accompany Estimates &
other information wanting to shew a really correct view of the
Finances—no return of Assets & Liabilities so that it does not
appear whether the various
Govt Officers have been paid their
arrears of Salary for
1867. The Returns called for by His
Grace's despatch of the
10th April (T
y 3274) tho'
promised on the
8 June (7429) by the next Mail have not been
recd.
Under these circumstances I think the Estimates should be sent
to the Treasury with a recommendation that they should be
sanctioned, adding that in consequence of the incomplete state
in which they have been sent home, the
Duke of Buckingham
proposes to address to
Govr Seymour similar instructions to
those he proposes to address to
Sir H. Ord (see printed draft) &
which are now before their Lordships for consideration.
As a new Colonial Sec is to be sent out it wd be well if he
were there before the next Estimates are introduced, tho' I am
afraid it will not be easy to find a good man [remainder cut off
microfilm].