up to this full extent of time the Colony have got the ability to levy sufficient knowledge new taxes to make up the deficiency.

If it is understood that the Colony will be treated generally if the amount of the deficit - apparently something like £30,000 a year - is paid to them for 3 years, the government farm will not lose.

R.9.5.25/8.

In Hongkong Increased taxation is felt by everybody in some way or other. If you tax the opium trafficking classes they will have less money to spend and you will presumably buy less. Imposing extra taxation will not decrease the trouble of the unofficial members. It will rather increase it.

It will cause dislocation of business, open loss. I think that a generous allowance ought to be made possible to the Colony to meet its losses in the first year. I feel sure that this will be the view of those who decide what is to be done. To only halve the deficit seems to me to be below what is required.

We must open this ball by putting it strongly.

A proposition was made by Shaw in his able maintenance. The Treasury shared Ka... dinge.. ham Count.

Draft as proposed. It must be carefully done, as it relates to the closing of business revenue.

#f (1390), Wt, 20024--26, 6000, 1408, A, & E, W, (8327). 1081--7. 6000. 4/09.

The Colony have asserted witherto is Lume concede satter 526.0111

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