that for the future there would
be
a
If Revenue over Expenditure
Surplus of Revenue Amounting to £30,000 or £40,000.
Year.
Was
Since this Calculation was made
it has been decided to create a mint at the cost
when erected it will be equally to the advantage of the Colony and the Imperial Gov. During the year Ending last Oct
been
Some £15,000 has been Spent on the Mint and at least £35,000 more will be required to complete the building by the end of
1865.
in Estimated
The Revenue for the current year is £8,000 below the Expenditure And the Revenue for 1865 is £16,436 below the Expenditure (for the year) which includes the Military Contribution The Assets on the 1 Jan 1865
are estimated at £38,000.
Page 86
Unless therefore it is decided that for the first year
The Military Contribution shall come out of the Assets in hand - Some fresh tax will be necessary.
On the 24th Sir John Bowring will probably consider that the Community, Hongkong is heavily
"It is a free Port, the
trade of the wealthy Merchants Escapes all taxation
The taxes levied are
Police, Water & Lighting rates, and Ground Rent may be
considered as
a
Still it
must be remembered that 99 out of
100 inhabitants
are Chinese in more or less poor circumstances
whose Merchants are principally any
fresh taxation would fall - number
about 1300 souls.
It is for Sir John Bowring's consideration
that for the future there would
he
a
If Revenue oner
Expenditure
Surplus of Reverse Amounting to £ 30000 or £40000.
Zear.
Was
Since this Calculation
made
it has been decided
to greet a mint at the cost
when rrected it will
W the Colony be qually to the advantap of the Imperial Goo. During the gear Ending last Oct
heen
Some £15000 has on the Mint and at
Spent least £35000 more will be
required to complete the building
by the and
7
1865.
in Eshnialed
The Revenue for the current gear at £ 8000 helow the Expenditure And the Revenue for 1865 - al ₤16,436 below the Expenditine ( fortheal year) which includes the Military Contribution The Assets on the 1 Jan 265
are retinated at £38.000.
86
Unless therefore it is decided that for the first gean
The Military
Contribution shall come out of the Assets in hand - Some fresh tax will be recessary.
not
Or the 24th Point Infardwell will probable and consider that the Community, Itongskony is heavil
"It is a free Port, I the
taxed
Frade of the wealthy, Merchants Escapes all taxation
levied are
The taxes
Police, Water & Lighting
rates, and Ground Rent maybe
charge
Considered as
a
Still it
of
must be remembered that 99oul-
Every
100 inhabitants
are Chinese in more
that the
orless poor circumstances
whore Merchants on then principally any
fresh taxation would fall-number
about 1300 soul.
It is for Infardwells considuation
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