Note Footnote a: — Chapter VI

Early in 1906, owing to the death of Sir Hugh Nelson, Mr. Morgan retired from the Ministry, Mr. Kidston becoming Chief Secretary in his stead, while still retaining the Treasurership. Mr. Morgan then accepted the Presidency of the Legislative Council. In the year 1905-6 the revenue had become buoyant, the increase for the year being £258,124. The expenditure had also increased by over one-half that amount, the year closing with the surplus of £127,811. Loan outlay also showed an increase, totalling nearly £300,000. In 1906-7 there was a revenue jump of £454,389, with an increase in expenditure of £186,085, the record Queensland surplus of £396,115 being realised.a For 1907-8 the revenue increase was £180,486, while the expenditure increase was £461,299, and the surplus only £115,302. Loan outlay also advanced to £1,033,676. Including the Commonwealth collections the total revenue for 1907-8 approached 5½ millions, or nearly 1 million in excess of the most fruitful year before federation.