, 1875-04-10

been stated hate.-With the YEARLY huduetS
IS connected the question of the financial posi-
ton OF the Treasury, and he would beg to
give a statement of the sane, as it shows itself
at the present moment Honorable Members
will remember the Very gloomy prospects of
the Island last year when the Budget was
submitted in fact, the whole state Of affairs
OF he Island then wore a threatening ASPECT
for the future. 1t was a satisfaction TO know
we have gone through the whole trying circum-
stances without too great loss. It Was to be
expected that with 8 such years, as th,se we
have recently had here, but more especially
the last one, the whole Of the funds saved
from former years would be exhausted. This
is. happily, not the case, as will be seen from
the statement he would Off-r.-At present there
is in csh in the Colonial Treasury $4,000,
at er deduofing deposits not belonging to the
Treasury besides that, there are moneys due
from different sources, viz: 9. $40, 900 arrears
of taxes for 1871, ~ and 10; Sl66, 900
Bureau advances for 1874 IS; C. $4,000 Bureau
advances for l672-73 81 l873-74; $1,000
loans for a Steam Plough and a Tannery max
ing in all OutssandingS to an amount Of @.
S264,000; drducjing $1,000 for loss in bureau
claims for lS72-73, the final balance would be
1862, 600, belonging to the Treasury. On the
other ii lie We owe to the Danish StatetreaSury
c, $4,000 for balance of debt up to 31st
March 1874 as loan for means for bureau advan-
ces to the Chief Treasury in Copenhagen G.
$40 0 in running account from lst April
1874 SIP 900 to the Banks from loans to pro.
cure means for bureau advances; G. $1,000 to
the Colonial Treasury of st Thomas end
$1,000 to the State treasury for sums ~incassa-
ted mere on outstanding claims in all liabili-
ties to a total sum Of C. $4,000. If this sum
be deducted from the outsIandings, there re-
mains $4,000, which is certainly more than
what could have been expected after what We
have gone through. There is thus every reason
to congratulate ourselves that We have been able
to 90 through The late severe ordeal without suf-
terIng greater losses than We have done. This
favourable state Of the Islands finances is so
much the more striking when comparing the
state Of neighbonring Islands that have of late
been suffering from the same causes as We
here not only are the Colonial Treasures of
some of those Islands without funds, but they
are in arrears even to the public officers.
lSt Member for F. ederiksted (SqrQuv)
The President had just given a statement Of
what we have, and what We owe, showing q
final surplus ofs G. $4,000. This result is
certainly very favourable; and although he
was inclined to think it would be less than
OOANNti"'Nb1 h0 iiUN T. lnhO II ~ = idulou tidb
there will be that sum available. The present
Budget slews a surplus Of revenue above the
expenditure ne did not believe, however, that
there would in reality be a surplus, and this is
also apparent from His Excellencyfs Statements
to-day, when speaking of i ems that will yield
less revenue than put down in the Draft. The
three items Import-Duty, Export-Duty and
Absentee Tax appear in the Draft with a total
sum of c. Sl13,000 he believed they will in
reality be between $4,000 to 800, 900 below
what has been ~caiculai ed aud thus the sur
plus will be consumed. His Excellency had.
moreover, forgotten to mentiOa, that the item
Sanitary Department will be increased with
the amount for 2 public Physicians, the salaries
for them having, agreeable TO the Remarks at
tached to The Draft, been omitted in this Draft, as
The proposal con erning those physicians had not
a the ,ipe been decided. but has since been so,
and cons. q%nenliy the amount will have to be i'd
ded-After these few general remarks on the
Badget, he would beg to make a few more on the
Money Bills, which are also under discussion now.
In reference to the Bill uhItem D. Building Elk.
peusaS aud other Uncertain Expenses, 1t would
he remembered that the Committee to revise the
Communal Accounts had some time ago in
commenting on the Uncertain Expenses under
the said item made objections to the way In
which the expenses under that heading, and
in fact under the Budget in general, are post
ed the Committees remarks were, however,
considered ont Of order, and it was agreed thes
such remarks belonged properly under the
Budget discussions, which in a eense was right
but, then, if Committees of the Council are to
ha liant OO striutlv IN foro alitiaa tina Anth0Pi~