Facts

Receipts last year—11½ millions

Revenue accrued same term larger than that of preceding year

Receipts of next year will, therefore, be at least equal to last.

---

Ordinary expences, including 3,600,000 drs. principal debt redeemed have been less than1 receipts.

Ordinary expences of next year, and an equal redemption of debt will therefore be paid out of receipts of the year

---

Extraordinary expences were
	British convention			2,664,000
	American claims French do.			2,000,000
				4,664,000
	Tripolitan expedition for last year			350,000
				5,014,000
Extraordinary resources were
	Balance in treasury near			6,000,000
	Mediterran. fund not yet recd.
We have paid—
	British convent.	888,000		1,238,000
	Tripolitan expedition	350,000
	We have still near			5,000,000		5,375,000
	Medit. fund accrued 6 m.			375,000
Chargeable with—					3,776,000
					1,599,000