despatch and in the various memoranda and returns which accompany it.

5. The statistics of revenue are satisfactory and seem to show that the colony has recovered its normal measure of prosperity. I note that you expect a slight further increase from opium licenses as the result of the agreement lately made by the Commissioner under the Chefoo Convention.

As regards extraordinary receipts I gather from Mr. Stewart's memorandum that the Premiums on land sales are expected to realize $45,000 dollars against $25,000 estimated for 1886.

4. As regards expenditure, I approve the extreme increases to salaries which you have placed in the estimate. I have already informed you (and you have already learnt) that I sanction an increase to the pay of Board of Directors of Schools not exceeding dollars per annum. As to your suggestion about the abolition of the office of aide-de-camp will be considered, but I am not prepared to...

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