with expenditure. It is time that your
5. These calculations (as I understand your Despatch) are really or quite independent of the deficiency of revenue. Your subsequent despatch of 29 Janry gives reason to suppose that this deficiency may be reduced by about £2400, but there would remain a deficiency of really £15,000 on the current year, while the surplus remaining from former years will probably not exceed half that amount.
6. Nevertheless, you state in your Despatch of the 29th (in which you appear to anticipate some discussion of the Estimate for public works) that "But for the unexpected demands now made on the Colony, the expenditure would not have exceeded the resources."
I am unable to understand your grounds for this assurance. The financial resources of Hong Kong mainly depend on the land revenue. If the causes which produced so great a falling off in this branch in 1856 are to continue to produce an equal or anticipated falling off in 1857, then ...
Page 128
with expenditure. It is time that your
5. These calculation
(as I understand your Despatcher) are rearly or quite independent of
in deficiency of revenne
subsequents despat of 29 Jan" qives
reason to suppose that this deficiency may be reduced by about ₤2400, but there would remain a deficiency of really £15000 on
the coarsent
of propenditure, year while the
Which the proved hostilities
Inaty
Accasion.
surplus remaining from forner years a probally not exceed half that
you Amount:
6. Nevertheless.
you
State in your Despatch of
The 29th (in which you appear to anticipate
some
Discussation of the Estimate for public works) that
" But for the unexpected
I
demands now made Jemand
رم
128
on
The Colony, the expenditure
"
would not have exceeded
to
کرو
The resources
a sonrces .
2
I am unable to
understand
gour grounds
for this assurance
financial resources of Hong
Mong mainly depend on
The land revenne
If the
Causes which produced so
Great a falling off sin this branch in 1856 an Equal
A
and
anticipated falling off in
1857.
Are
to continue to
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