"It is noted that the statement of Expenditure connected with the New Territory enclosed in your draft is awaited on the following points.
8. I have not yet received the new Ordinance increasing the Fees for Licenses to deal in ... Despatch No. 263 does not apparently include the Expenditure incurred by the temporary occupation of ... Shaw chun. I request you to furnish me with the particulars of that expenditure.
7. If the Revenue for 1899 comes up to anticipations, I am inclined to think that the Estimate of Revenue for 1900, namely $3,325,479, may be accepted as reasonable, but I would ask for further information.
MINUTE.
4. Antrobus.
Cor.
Lucas.
Graham.
E. Wingfield.
Earl of Selborne.
J. Chamberlain.
... and in the absence of further explanations, it is difficult to believe that so large a Revenue as $20,350 ... will be derived from this source.
★ I note also that the Increases on Carriage, Portage, Licenses, Stamps & ... are not explained.
9. The Expenditure for next year is estimated at $3,219,918, or $105,000 less than the Revenue, and ...