4.
82
1/33800
3t
is that, largely consequent on the completion of certain of these major works, there will be available for sale by Government a number of sites of high potential value, such as part of the present Victoria Gaol, Government Civil Hospital, Central British School, and Arsenal Yard.
9.
Turning now to the details of the printed Estimates there is, as a result of the need for economy, little of note. Every Head of Revenue shows a decrease as compared with the approved estimate for 1935. There are increases on some of the items making up the various Heads notably 'Import Duty on Tobacco' (page 7 of printed Estimates) from $2,750,000 to $2,800,000 due to increased consumption; 'China Companies' (page 8) from $150,000 to $200,000, as more registrations are expected; 'Medical examination of Emigrants' (page 8) from $100,000 to $180,000 as it is expected that emigration will increase next year; 'Markets' (page 10) from $342,000 to $395,000 as a result of more markets being opened, and 'Other Miscellaneous Receipts' (page 10) from $100,000 to $125,000 consequent on the establishment of a Government monopoly in sand, in which connection please see Sir Philip Cunliffe-Lister's despatch No.54 of 7th February, 1935. But these increases fall far short of the counterbalancing decreases, the most outstanding of which are 'Import Duties on Liquor' (page 7), 'Light Dues' (page 7), 'Assessed Taxes' (page 8), 'Bets and Sweeps Tax' (page 8), 'Entertainment Tax' (page 8), 'Stamp Duties' (page 8), 'Postage' (page 9), 'Kowloon-Canton Railway Passenger Service, home line' (page 10), 'Land Sales' (page 10). The reductions in all these cases are primarily a result of the existing depression. The 'Opium Monopoly' (page 7) shows a falling off of more than fifty per cent
due