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to answer in the question the affirmative. I proceed to notice each sub-paragraph separately.
sub-paragraph (a) refers to certain before-mentioned utterances by Sir W. Des Vœux. They are relevant only if the revenue has declined; the revenue has steadily increased.
Sub-paragraph (b) - "Land has not improved in value; it is lower now than it has been for a number of years; and land sales have fallen off!" There is unquestionably no longer the rush for land that there was in the heyday of the Gambling mania in Hong Kong, land does not now change hands at the inflated prices which it then often commanded, and to the losses sustained by not a few of Chinese residents through Gambling in many descriptions ...