, 1872-08-07
DRAFT OF COLONIAL LAW FOR THE
DANISH WESTINDIA ISLANDS.
IGnntinnnA
(COntlnued,I
J h3.

The obligations originating from the issue Of
the bills ofcredit circulating il the islands will
as hitherto rest on The tiuauceS Of the kingdom.
The amount ofsuch bills of credit can only be
altered by Law.
Those amounts in cash belonging to the State
treasury IN the respective Chests in the islands
are to be withdraw successfully, the Minister of
Finances being, however, authorized to allow
that al adequate portion o. slch amounts be re-
tainediaeach of the Colonial Ireasuries until
sufficient cash Of their own has been a~ccunula-
ted
The Minister Of Finances is authorized to
cause such OUTLAWS IS may BE- required iu the
Mothcr-country for account of the Colonial
Treasures to be betrayed, as hitherto, from the
Statetreasury, so that id outlaws be properly
charged in account with the Colonial Treasures.
The Governor may likewise cau,e sums Of mo-
ney TO be received or paid rs also coins or bills
OF credit TO be exchanged by either of the Colo
NAL Treasures for account of the other, such
transactions to be duly noted mutually. The
expenses and risk OF remitting amounts in llqul-
dalton of such pending accounts are incumbent
upon the respective Colonial Treasury who is
indebted.
54.
The Superior Authority shall every year
communicate to the Colonial Council a Draft of
a Budget, containing an estimate of the revenue
and expenditure Of the respective Colonial
Treasury for the following financial year.
With regard to those items in this draft, that
are not posted in conformity with existing Laws,
Ordinances, Royal Resolutions, or according to
other rules that must be considered binding un-
til they are repealed by the Legislature, the re-
quisito Drafts of Ordinances or Money-BiIIs
shall be laid before the Colonial Councils to be
VOtpH on Aftar tba last ,Nuu4ianol l.o e., orI
bills have been discussed in the Council, tho
draft Of the Budget shall be rectifed by the
Council, in so far as may be necessary, accord
ing to the vote passed in the Council, and then
be transmitted to the Superior Authority with
IN the time stated in the rules of business.
For expenditures not entered on the budget,
extra-grants are required. In ST. Croix, how
ever, the Colonial Council shall be empowered to
authorize the Municipal Board to sanction, in
behalf of the Colonial Council, such minor de-
~viatiOns from the budget, and expenses outside
the anne as will be fixed by the Regulative.
The yearly Budgets, as we'll as the extra
grants are sanctioned by the Governor, in so
far as he concurs with the Colonial Council,
and provided that the b~udgetted items of ex-
penQitnre do not in the aggregate exceed the
average expenditure Of the three preceding
fiscal years with more than 10 p. ct. If this
INIT Is exceeded, or IN case OF n0n-concurrence,
the budget and the extra-grants shall be laid
before the Minister for his decision, and, pend
ing this, the general rules or provisions of the
last budget shall be followed.
$50.
No tax can be imposed, altered or abolished,
except by a law or an Ordinance.
Sc.
No measure concerning the economical affairs
of the Municipality can be effected bV the Co
vernon or the Superior Authority, nor any dis
bursement be made from the Colonial Treasury,
without the sanction Of the Colonial Council,
either by grants in consequence of the yearly
budget or by an exJra-grant, unless the measure