The committee on Finance, who were required by a resolution to ascertain the amount of money annually receivable into the State Treasury by opperation of the existing revenue laws; and also, the amount necessary to meet the current expenses of the government, report:
That the amount receivable from all
sources is $57,895.15
And the amount required 55,151.97
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The different items, forming the above
amount of money are as follows (viz)
From non resident land tax $44,395.15
From State Bank 12.000
From Shawaneetown [sic] Bank 1500
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Total as above 57,895.15
As to the amount necessary to meet the
current expenditures of the government,
the committee on Finance, have relied
on a report made by the committee
on Public Accounts and Expenditures,
which, as above, is. $55.151.97
The committee on Finance, on looking
over the report of the committee on Public
Accounts and Expenditures, discover that,
in their judgement, much too small a sum
is allowed for a Contingent fund; they,
therefore, think it prudent to add 15.000
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Total 70.151 97
From which take the revenue 57.895 15
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Leaving a deficit of. 12 256 82