CO129-051 - Sir Bowring - 1855 [7-9] — Page 228

CO129 Colonial Office Hong Kong Records 理藩院香港檔案 All AI Reviewed

Revenues

The substantial and permanent source of revenue on which the Colony rests for its main financial support is the Land revenue.

Land revenue.

- Supplement £6,000-

This produced – in 1854, £11,825, 10.8%. The Estimate for 1855, £17,500. Original £11,500- and the Estimate for 1858, £16,850. The Sales of Land already contemplated will bring the Revenue to more than the anticipated amount, but I am convinced that by proper attention and by availing ourselves of the influx of new Settlers and taking frequent opportunities for effecting Land Sales, £20,000 at least may be fairly looked to as a minimum future revenue from this source.

223

But the expenditure which I propose applying to the repair of old and the creation of new roads and other public objects, will, I have no doubt, though it may temporarily absorb the augmented revenue, be productive of rentals from many parts of neglected land now having a sparse population, and being little cultivated. Beyond the immediate neighbourhood of Victoria, there are many portions of land held by squatters, - some probably by original occupiers and their descendants, but as the value of land increases it becomes...

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4. Revenues The substantial and permanent source of revenue on which the Colony rests for its main financial support is the Land revenue. Land revenue. - Supplement £6,000- This produced – in 1854, £11,825, 10.8%. The Estimate for 1855, £17,500. Original £11,500- and the Estimate for 1858, £16,850. The Sales of Land already contemplated will bring the Revenue to more than the anticipated amount, but I am convinced that by proper attention and by availing ourselves of the influx of new Settlers and taking frequent opportunities for effecting Land Sales, £20,000 at least may be fairly looked to as a minimum future revenue from this source. 223 But the expenditure which I propose applying to the repair of old and the creation of new roads and other public objects, will, I have no doubt, though it may temporarily absorb the augmented revenue, be productive of rentals from many parts of neglected land now having a sparse population, and being little cultivated. Beyond the immediate neighbourhood of Victoria, there are many portions of land held by squatters, - some probably by original occupiers and their descendants, but as the value of land increases it becomes...

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4. 4. Revenues The substantial and permanent source of become on which the Colony rest for its main financial support is the Land Laud revenue. - Supplement £6,000- This produced – de 1854. £ 11,825, 10.8% The Retimate for 1855_£17,500.{ Miginal £11500- and the hetimate for 1858-£16,850 – The Sales of Land already contemplated will bring the Revenue tre lune than the anticipated amount, but I am convinced that by proper attention and by avaling ourselves new Settlers and taking the influx of frequent opportunities for effecting Land Sales £20,000 at least May be fairly looked to as a minimum F future revenue 223 this souver slove. from this But the expenditure which I propore applying to the repair of old and the ercation of new roads and other public sbjects, will, I have no doubt, though it may temporarily about the augmented revenue be productive of rentals from many parts of neglected - having a kland now the sparse population, and being little cultivated. Beyond the immediate neighbourhood of Victoria there are many portions of land held by squatters, - some probably by- riginal recupiers and their descendants,_ but as the value of land increases it becomes and sune and

2026-05-17 21:00:33 · Baseline

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Revenues

The substantial and permanent source of become on which the Colony rest for its main financial

support is the Land

Laud revenue.

- Supplement £6,000-

This produced – de 1854. £ 11,825, 10.8%

The Retimate for 1855_£17,500.{ Miginal £11500- and the hetimate for 1858-£16,850 – The Sales of Land already contemplated will bring the Revenue

tre

lune

than the anticipated amount,

but I am convinced that by proper

attention and by avaling ourselves

new Settlers and taking

the influx of

frequent opportunities for effecting

Land Sales £20,000 at least

May be

fairly looked to as a minimum

future

revenue

223

this souver slove.

from this

But the expenditure which I propore applying to the repair of old and the ercation of new roads and other public sbjects, will, I have no doubt, though

it may temporarily about the augmented revenue be productive of rentals from many parts of

neglected - having a

kland now

the

sparse population, and being little cultivated. Beyond the immediate neighbourhood of Victoria there are many portions of land held by squatters, - some probably by- riginal recupiers and their descendants,_ but as the value of land increases it becomes

CO129-051 - Sir Bowring - 1855 [7-9] — Page 228

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