No. 74, Financial
Referring to my Despatch No 73 dated 8th September 1866, I have the
honor to enclose the Report of a Board of Officers consisting of the
Colonial Secretary, the Treasurer, and the Auditor to whom I referred
the consideration of the probable condition of the finances of this
Colony at the close of the year 1866.
It
It appears from this Report that the Board anticipate that the
current payments will exceed the receipts during the remainder of
this year by $15,878 (£3273).
In addition $77,824 (£16,045) are due to the Bank of British North
America besides a present debt of about $20,000 (£4123) to the Crown
Fund and the liability of the Colony to the Imperial Government on
account of the erection of Lighthouses. On the other hand the sums
which have been
claimed claimed from the Colony of
British Columbia on
account of the conveyance of Mails and maintenance of Lighthouses are
also left out of consideration.
Foreseeing that the Ways and Means would not meet the expenditure I
had, prior to the receipt of this report, effected certain reductions
of expenditure, and I trust by further reductions to be able to bring
the payments for the remainder of the year within the receipts.
I
I should have been prepared to enter upon these reductions at a much
earlier period of the year had the financial proceedings of the
Legislative Assembly (which extended over the
first eight months of the year) been sooner brought to a close.
I have the honor to be,
Sir,
Your most obedient Servant
A.E. Kennedy
Governor
Minutes by CO staff
Ack. rec
t and express confidence in the judgment exercised by
Govr
Kennedy in this emergency. I do not see that we can do any more.
Govr Seymour will necessarily and naturally take the subject of the
finances of the United Colonies into his earliest Consideration. And
therefore to direct his attention to the financial condition of
V.C.I. wd seem an act of supererogation on the part of the C.O.
Mr Blackwood
I do not exactly understand all this. The
desph N
o 73 shews that
in
August 1866 the Assembly & Council between them failed to pass an
Appropriation Act for
that year.
But has
Govr Kennedy been spending money all this time on his own
authority & in anticipation of such an Appropriation Act. And does
the present despatch tacitly imply that he intends to go on doing
this?
The last paragraph in N
o 73 (10231) appears to supply the answer to
Sir F. Rogers enquiry. If it is necessary to legalize the
expenditure of
1866—does it not follow that the
Govr has incurred
an unauthorized expenditure? N
o 73 has just been returned to the
Dept which will account for the delay in sending this Desp: forward.
Lord Carnarvon has not seen it.
Documents enclosed with the main document (not transcribed)
W.A.G. Young,
Alexander Watson and
Henry Wakeford to
Kennedy,
11
September 1866, forwarding their report on the "actual and probable
liabilities of the Colony for the remainder of the current year,
together with the probable assets that will be forthcoming during the
same period."
Statement showing the receipts and payments of the colony for
1866 as noted above.
People in this document
Blackwood, Arthur Johnstone
Cardwell, Edward
Carnarvon, Earl
Jadis, Vane
Kennedy, Arthur
Rogers, Baron Blachford Frederic
Seymour, Governor Frederick
Wakeford, Henry
Watson, Alexander
Young, William Alexander George
Places in this document
British Columbia
Vancouver Island