55. In cases of difference between the colonial councils regarding the
 division of the revenues mentioned in 51, or as to whether an expense ought to be
 defrayed among the common or among the special expenses, or in what proportion an
 expense shall be defrayed by both colonial treasuries, and when no understanding
 can be arrived at in the manner prescribed in 42, the matter will have to be decided
 by royal resolution.

 56. The colonial treasury of St. Thomas shall, as a contribution to the general
 state-expenses, for the next 10 years after this law has come in force pay an amount of
 28,000 dollars annually to the finances of the monarchy. The colonial treasury of
 St. Croix shall during the same 10 years be exempted from making any contribution to
 the general state-expenses. The amounts of the contributions to be paid after the
 expiration of the said 10 year shall be determined by law.

 57. The obligations originating from the issue of the bills of credit circulating
 in the Islands will as hitherto rest on the finances of the mother-country. The amount of
 such bills of credit can only be altered by law. Those amounts in cash belonging to
 the State-Treasury in the respective chests in the Islands are to be withdrawn
 successively, the minister of finances being, however, authorized to allow that an
 adequate portion of such amounts be retained in each of the colonial treasuries until
 sufficient cash of their own has been accumulated. The minister of finances is
 authorized to cause such outlays as may be required in the mother-country for account
 of the colonial treasuries to be defrayed as hitherto from the State-Treasury, so that the
 said outlays be properly charged in account with the colonial treasuries. The Governor
 may likewise cause sums of money to be received or paid, as also coins or bills of
 credit to be exchanged by either of the colonial treasuries for account of the other,
 such transactions to be duly noted mutually.

 58. The superior authority shall every year communicate to the colonial
council a draft of a budget, containing an estimate of the revenue and expenditure of
the respective colonial treasury for the following financial year. With regard to those
items in this draft that are not posted in conformity with existing laws, ordinances, royal
resolutions, or according to other rules that must be considered binding until they are
repealed by the legislature, the requisite drafts of ordinances or money-bills shall be
laid before the colonial council to be voted on. After the last mentioned drafts and bills
have been discussed in the council, the draft of the budget shall be rectified by the
council, in as far as may be necessary, according to the vote passed in the council,
and then be transmitted to the superior authority within the time stated in the rules of
business. If during the financial year question arises of any expenditure for the
colonial treasury, not provided for in the budget, an extra-grant will be requisite. The
yearly budgets as well as the extra-grants are to be laid before the king for his
sanction, and when this has been obtained, they shall be promulgated and are to be
laid on the table of the diet in its approximate session.

 59. No tax can be imposed, altered or relinquished, except by a law or an
ordinance.