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FINANCIAL STATEMENT or me. eeadee cjii.son wood, colonial theasurek of _ew ZEALAND, IN COMMITTEE OE WAYS AND MEANS ... Til.. HOUSE O_F REPRESENTATIVES ON TUESDAY 10th NOVEMBER, 1863. '

The ] louse having, according to order, resolved itself' into ('ommii tec of Ways and Means, Mr. Header Wood spoke as follows :—Mr. O'Ke^ke, tho arrangement which I propose to adopt «i making thia statement to-night is—■ First, to give the position of the various Land, Loan, Special, and Miscellaneous accounts Secondly, a statement of the revenue and expenditure for the financial rear, which closed on the <"Oth June last. Thirdly, a statement of the extraordinary c- v on account of the war, which has been incurred since the Ist of July last. Fourthly, an estimate of revenue and expenditure for the current year. Fifthly, the proposals of the Government with reference to the financial arrangements which will be necessary in consequence of the present disturbed state of affairs. In doing this, sir, I shall use large figures, and endeavour, by grouping into masses estimates receipts, and expenditure, to occupy as little of the time of the Committee as possible consistently with the object I have in view—that of making a clear state.meni of the financial position of the Colony The first account to which I shall refer is the loan <>f toUO.OOO of 1856. It will bo recollected,sir. that of the two first divisions of that loan, i.e., tin a ! appropriated for the payment of the New Zealand Company's debt, and tho amount: appropriated for the payment of the old debts of the Colony tho balance was consolidated into one sum, which was last year slated to be ,£1,105 2s. lid. This sum has been operated upon very little during the past year, £r> 10s. only having been charged upon it; this was a refund oi land purchase-money paid in error in 15.",]., leaving therefore still" a balance of .-€1,158 12s. lid., which I propose should remain in the Treasury to meet any small charges of a similar kind which will from time to time, most probably, be made, and"to tauc up 'any stray notes of tho old Bank of Issue which may be occasionally presented for payment. This is a very proper and convenient fund for the purpose, which it is better to use than to encumber the ordinary estimates with small charges of the kind. Probably in another year or two they will cease to be made, when any remaining balance can be carried to the credit of the revenue account, and thus finally get rid of all remains of the two first divisions of this loan. The third division of that loan, namely,"the £180,000, set apart for land purchases, at the present time stands as follows :—

1. Auckland.—Amount appropriated, £90,000. £ s. d. £ s. d. Expended to 30th June, 1863 - v - - (;7,486 U 7 Balance unexpended - - 22.513 19 5 90,000 0 0 2. \\ ellington. —Amount appropriated .C 27.000. Expended to 30th June, 1863 - - - 25,527 11 7 n: unexpended - - - - 1,472 8 5 27,000' 0 0 3. ILwke's Bay. Am n-opriated, £27,000 endad "to 30th June, lM5;i - . - 27,000 0 0 27,000 0 0 4. Taranaki.- I approiiriaicd, £00,000 VM\ Jiiiic, ls{;:i . . . 4,017 13 10 '.'■•■!- - - - 81,982 6 2 . 36,000 0 0 - 124,031 G 0 180,000 0 0 Balance of 3rd division unexpended - - 55,968 14 0 £180.000 0 0 Total amount of loan raised - - - , - - 450,000 0 0 Amount disbursed, Ist and 2nd division - - 318,841 7 1 Amount disbursed, 3rd division - 121,031 (i 0 442.872 13 1 Balance held by the Treasury - £7,127 611

The Committee will see, with reference to the Provinces of Wellington and Hawke's Bay, that the" Land Purchase Fund may be said to be completely exhausted; but as the Land Fund is appropriated altogether for Provincial purposes, it is very right, 1 think, and proper for the Provincial Governments to provide the necessary funds for the further purchase of land. Sir, the next account to which I shall refer is the loan of £150,000, generally known as the War Loan of 1860. There has been expended on that account—on the relief of the inhabitants of Taranaki, £25,000 : repairs to Britomart Barracks, &c., £752 6s. Id.; expenses of Native conference, £4,021 Us. Id.;'* on other miscellaneous matters, the details of which have been laid before the House, £117,846; so that of the total amount of that loan there has been expended £148,220 os. 7d. leaving unexpended a balance of £1,779 19s. sd. That balance, however, will be all required to meet some little outstanding matters with reference to expenditure incurred at Nelson on account of the Taranaki refugees. Last session a loan of £500,000 was sanctioned, subject to the Imperial guarantee, for certain-

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