The earliest possible date - an are more! prospects hopeful than they been to have been for many years past. A Member of Council, however, has suggested that the taxation here should be reduced, and argued that, compared with other Colonies, it is extraordinarily heavy for the residents of Hong Kong.

He construction on the Light here ? Wre This subject I declined to discuss as being brought forward at the wrong time. Moreover, if certain proposals, which have received the general approval of the Council, are to be carried out, the question of reducing the taxation cannot possibly be entertained at any rate for some time to come.

I refer to improving the Water Supply - the erection of the Hospital - the purchase of the property thrown open - and the making of a new road from the upper portion of the City to the Happy Valley, which has been so often postponed owing to a lack of funds for such an ... expenditure. This work is, nevertheless, now more than ever needed as the Praya is almost entirely monopolised by the business arrangements of this large Mercantile Community.

9. To turn to the Estimates

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