524
community that the
be, to a
certain extent.
sanitary and other urgently
required public Works, should
be pushed
without
unnecessary delay, and
that a small loan
not exceeding one year's
revenue, should be raised
for
this purpose
without exhausting
the
of
the existing
assets. I feel, however, that
caution will be necessary,
for the revenue of
a community
circumstanced as is that
of Hongkong, must always be
precarious, and it will be
remembered that
for
obvious reasons, it is practically
impossible to resort here
to either customs dues, or
to an income tax.
I have the honour to be,
My Lord,
Your Lordship's most obedient
humble servant,
J. Bowen