The expenditure for the same period increased by £6,281.9.0 being in 1860 £72,390.1/2.10 and in 1859 £66,109.3.9.
The increase in the revenue is shown under each of the three main sources of income: Land, Licences, and Taxes, and also under the head of Post Office, an item which exceeds that of 1859 by nearly £17,000, in consequence of the great rise in the value of land and the large premiums realized at the Government land sales.
The increase under the head of Licences and Taxes, which latter are limited to Police and Lighting rates, is partly due to the transfer of Post Office expenditure to the local Government accounts, which appears for the first time.
The largest increase is under the head of land revenue, attributable to the growth of the town. The revenue of Hong Kong in 1860 is not only the largest ever raised in the colony since its establishment on the 1st May 1850 but, without additional taxation, is four times greater than that...
The expenditure for the same period
i
increased by £6,281.9.0+
"
being in 1860 €72,390 . 1/2. 10.,- and in 1859 £66, 109.3.9.
The incrsare in the
F
evenne
our
is shown under each
three main
main sources of
income: _ Land - Licences, and
Taxes - and also under the
bend
of
Post
Office
an item
which exceeds that
107
of 1859 by
nearly £17,000, in consequence
吓
great rise in then
the great
value
of
land and the large
premiumo realized at the "Government land sales..
The increase under the hand Licences and Taves, which
of Licenses
latter
are
limited to Police
and Lighting rates
is
which appens for the first time
in the accounts,
of the transfer of
Office
Post
Government
The largest
to the local
increase is under
the head of land revenue,
attributable to the growth
in consequence
F
the town. The revenue
the Houghong
of
1860 is not only the
largest
ever
raised in the
on the 1st May 1850.
any
colony but, without additional lavation, is four times greater than that
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