taxes in Hongkong Again, it is urged the establishment of the
Mint
The Colony
gives a peculiar claim to
exemption, at least,
for the present, from
Contribution.
The Military On this point it need only be said that this
Establishment was
not
proposed by the Home Govt.,
but by yourself acting in the interest of the Colony, & of the China Trade
on
which the prosperity
of Hongkong depends.
1
The Mint is expected in
itself to be
Considerable profit
to the Colony Revenue - and
the
expectation that it will be also profitable to the Imperial Treasury
furnishes no reason why
this Country should
in part
pay for it -
Under all these circumstances
He Majesty's Govt. is of
opinion
that in the Sum
of £20000 for annum, assessed by the Duke of Newcastle as Military
Contribution from