B.—No. Ib.

REPORT OF THE AUDITOR ON THE EINANCIAL STATEMENT OE THE COLONIAL TREASURER FOE THE YEAE 1866-7.

The Eovenues collected by the General Government are — 1. Ordinary Revenues raised under Acts of tlie General Assembly, subject to the provisions of " The Surplus Eevcnues Act, 1858." (This Act ceased to be in operation on the Ist July, 1867.") 2. Special Revenues raised under Acts of the General Assembly, and not subject to tho provisions of "Tho Surplus Eevenues Act, 1858." 3. To these are to be added Loans raised under Acts of the General Assembly, and Advances from Banks in anticipation of the negotiation of Loans. Tho Ordinary Eevenues are defined by "The Ordinary Eevenues Act, 1858," and are carried to the credit of the Provinces in which they are levied. (Tho Ordinary Eevenues Act ceased to be in operation on Ist July, 1867.) The following Abstract of tho Eeceipts and Disbursements on account of tho Ordinary Eevenues differs in one respect from that of the preceding year, by the introduction of " Eevenues of 1865-6 voted but not expended during the currency of that year," amounting on the General Account to £15,298 Bs. 2d., and on the Provincial Account to £18,117 Os. 6d., making together the sum of £33,415 Bs. Bd. (See foot-note Government Gazette, No. 53, 1867, page 382.) This transfer of a portion of the revenues of one year to the account of the following year is made under the authority of " The Comptrollers Act, 1865," which provides that moneys not expended during the financial year for which they were appropriated shall be carried to the credit of the revenues of the following year, subject, however, to any outstanding liability. It will be seen in the Abstract that the outstanding liabilities paid during tho currency of tho year 1866-7 amounted on the General Account to £10,529 3s. 6d., and on the Provincial Account to £5,153 13s. ; so that the actual savings on the votes were £17,732 12s. 2d. (" The Comptroller's Act, 1865," ceased to be in operation on Ist July, 1867.)