previously on my first arrival the~ ascertained figures of the Past and the course of present events led to the same conclusion as that which I had
previously expressed viz. that the Colony was fast approaching the time when
there would be "neither cash in the Treasury nor available funds in the hands of the Crown Agents?
6. I however see no reason for despondency. Such a state of things mainly denotes that some remedy must be devised. I had from the first expected to find the pecuniary condition of the Colony less prosperous than was generally supposed in England. There the large amounts realised by the sale of the principal lands of the Colony and the great wealth of the local Commercial Community had led to a slight popular confusion between the permanent revenue of the Government as such and the general prosperity of Hong Kong as a centre of Commerce.
Having been under that impression I therefore took the opportunity when visiting Singapore "en route" for China this year to inquire into the working of the Stamp Act there, which I found produced a large revenue with comparatively little inconvenience to the Public. I early made up my mind that an adequate resource might be found in a similar measure.
previously on my first arrival the~ ascertained figures of the Past and the course of present events led to the same conclusion as that which I had
previmsly expressed viz. that the Colony fast approaching the time when
was
there would be "neither cash in the
10
10
183
sale of the principal lands of the Colony and the great wealth of the local Commercial Immunity had led to a
slight popular confusion between the- permanent revenue of the Government
as such and the
Ї
"Treasury nor available
fundo
in the
for
"hands of the Crown Agents?
6.
I however see no reason
despondency.
such a state of things maily
denotes that some re
remedy
must be
devised. I had from the first expected to find the pecusing condition of the Colony lefs prosperous than was generally supposed in England. There the large amounts realised by the
where
Honghing
ao
general prosperity of
a centre of Commerce.
Heaving been under that
impression I therefore took the opportunity when visiting Singapore "en route" for
Chinn this
year
to inquire into this working of the stamp Act-there, which
I found frodneed a lago revenue with comparatively little in emvenience to the Public...
early made up my
I
therefore that an might be found
adequate resource
mint
in a similar measure!
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