The receipt from Government Lands, which may now be estimated to afford an income of about £12,000, cannot be expected rapidly to increase, as most of the available spots at present in demand have been disposed of. With the progress of the Colony a further demand may probably arise, calling for building sites, in the neighbourhood of the Towns, but the rates at which allotments were at first sold must not be expected to continue for the future.
Reference: C.O./133
The House Assessment, which is estimated to yield about $2,000 per annum, must be expected to become productive with the increase of tenements. Next to the Crown Leases, the Licenses and Excise Farms (as that for Opium) are the most productive sources of Revenue, and like those at Singapore should increase with the progress of the places.
It will be an early object with me to carry out the proposed Ordinance for a duty on Wines, Spirits, and Fermented Liquors, but the chief difficulty attending the execution of this project is the total absence of a Custom House Establishment in the Free Port of Hongkong; and it may therefore be apprehended that the machinery expressly necessary for the collection of the Tax will tend to render its net produce comparatively small.
Upon the whole, there is fair reason to anticipate that the fixed Revenue may be raised to about $30,000 per annum, and that when the expenses incidental to the first formation of the Colony...
3
COPYRIGHT PHOTOGRAPH---NOT TO BE REPRODUCED PHOTOGRAPHIC-
ALLY WITHOUT PERMISSION OF THE |
PUBLIC RECORD OFFICE, LONDON|
The receipt from Government.
now be estimated
Lands, which may to afford an income of about £12,000, cannot be expected rapidly to increase, as most of the available spots at present in demand have been disposed of. With the progress of the Colony a further demand may probably arise: calling for building sites, in the neighbourhood of the Towns
but the rates at which allotments
at first sold, must not be expected
rocre
on for the future.
PUBLIC RECORD OFFICE
Reference :----
C.O./133
.
The Blice Assessment, which is . estimated to yield about $2,000 per annum, must be expected to become : productive with the increase of
mori
tenements.
Next to the Crown Leases the Licenses and Excise Farms (as that for Opium) are the most productive sources.
of
of Pevenew, and like those at Singapore should increase with the progress of the places
It will be an early object with me to carry out the proposed Ordinance for a duty on Wines, Spirits, and Fermented Liquors, but the chief difficulty attending the execution of this project is the total absence of a Custom House Establishment in the Free Port
of Sanghong;
; and it ther
therefore may be.
apprehended that the machinery expressly necessary for the collection of the Par will tend to render its net produce
comparatively small.
Upon the whole, there is fair. reason to anticipate that the fired Revenue may be raised; to about $30,000 per annum, and that when the expenses incidental to the first formation of the
Colony
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