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1 recently brought to account. is more A nominal than a real increase, being caused by the transfer to the Colony the local Post office which brings with it an increase in the revenue and the expenses of a large Establishment.
6. Estimating the permanent revenue I have not taken into account the possible sale of lands in Kowloon, as the questions connected with the appropriation of that Peninsula are not yet settled in a manner more favourable to the Colony than at present appears probable. The acquisition could not be made remunerative for some time if the Government sells land there a concurrent outlay must be made for Police Stations, and other government buildings, Piers, Roads, Streets, Bridges, and Drains which will possibly amount to sums that can be received over £5 for land sales for some years, but which are justified...