Probate Duty, again, is paid to the Treasury
on the estates of British Bubjects who die in England possessed of assets in the Colony, not to mention their landed estates in this country paid for by their earnings in the Colony.
Lastly, the memorandum in suggesting that the colony should pay half the cost of the troops, omits to notice the rate per head which would thereby be thrown on the colonial, taxpayer. Half the cost would mean, £140,000 or (taking the dollar for the moment at 3s. 4d.) $840,000 out of a revenue of $1,400,000, ie, 128. in, the pound as against 48. 3d, in the pound paid in this country.
"
Again, the charge of £140,000, would, taking the population at 186,000, amount to 158. per head as against, 168, in this country, and to propose an increase of taxution to make up the difference between 2a. 8d., and 158 per head is manifestly out of the question, especially when we bear in mind that the bulk of the population consists of poor Chinese.
To get the additional £20,000 recommended by the Committee representing the Treasury, War Office and Colonial Office will involve some considerable increase of the present taxation.
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