[Footnote 16: "Austral Africa, Ruling it or Losing it," p. 157.]
[Footnote 17: When the Transvaal was annexed, in 1877, the public debt
of that country amounted to £301,727. "Under British rule this debt was
liquidated to the extent of £150,000, but the total was brought up by a
Parliamentary grant, a loan from the Standard Bank, and sundries to
£390,404, which represented the public debt of the Transvaal on the 31st
December, 1880. This was further increased by monies advanced by the
Standard Bank and English Exchequer during the war, and till the 8th
August, 1881, (during which time the country yielded no revenue,) to
£457,393. To this must be added an estimated sum of £200,000 for
compensation charges, pension allowances, &c., and a further sum of
£383,000, the cost of the successful expedition against Secocoemi, that
of the unsuccessful one being left out of account, bringing up the total
public debt to over a million, of which about £800,000 was owing to this
country. This sum the Commissioners (Sir Evelyn Wood dissenting) reduced
by a stroke of the pen to £265,000, thus entirely remitting an
approximate sum of £500,000 or £600,000. To the sum of £265,000 still
owing must be added say another £150,000 for sums lately advanced to pay
the compensation claims, bringing up the actual amount owing to England
to about a quarter of a million."--Report of Assistant Secretary to the
British Agent for Native Affairs. (Blue Book 3917, 46.)]
[Footnote 18: "Austral Africa." Mackenzie.]