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the Acting Colonial Secretary and Auditor-General, and explanatory notes by that Officer showing increases and decreases.
Ad valorem duties on imports will amount to $1,300,000.
Should the agreement recently made be ratified, I think a further increase of Revenue from Opium of $50,000 may be reckoned next year, and a still larger increase in the following years after the present lease of the Opium Farm has expired.
Enclosure (Bound together) compared with the Estimates of the present year: the explanations given in these documents are so full that but few remarks from me have been necessary.
The Revenue for 1887 has been carefully estimated, and has been set down at $1,291,270. It is believed that the revenue of the present year will be increased by the Commissioners under the Chefoo Convention.
3. I have estimated that $600,000 on account of the Loan...