422

in

such a locality from such a population as that of Hong Kong. This System appears

also to have been adopted

with Success at

at Singapore

and to have yielded a

ample

Revenue without

substantially

the trade

To the other License

and

conseremption duties,

are collected

as not to hold out too

strong

inducement

to illicit importation &

manufacture, and to the assessment of reasonable Fees on Judicial

proceedings

and I conceive

that the ground

which

you assign for exacting

a moderate due

from

the quarries of Stone fully justify

that

as stated in

your Despatch dated 29th June last,

allusion is made

to

proposed duty of $5 per Cent upon the

proceeds of Sales by

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