CO129-115 - Sir MacDonnell - 1866 [9-10] — Page 38

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

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entire subject, as I could only repeat here the arguments, which I then placed before the Conseil. I have not, I think, omitted any topic of importance, and have not intentionally declined to meet fairly every objection raised in the statement of the Memorialists.

Your Lordships will be a fair Judge, but I have reason to think that the feeling here is that the weight of argument is not on the side of the Memorialists, which possibly may be...

14.

Although residents here connected with Banks and Mercantile Firms would not prefer a Stamp duty to an increase in their House Rates, many consider that taxation is already much too heavy, rendering building operations costly in this already overcrowded climate.

And though two out of the three daily newspapers published here support the views of the Government, nevertheless on the whole Your Lordship may take for granted that all immediately connected with the more mercantile interests of the place are opposed to the principle of a stamp duty because they apprehend that, if sanctioned, an unwise use may be made hereafter of the facilities thereby afforded for raising money.

They naturally argue that the great freedom hitherto secured to the shipping and mercantile business has been that which has centred here such large transactions.

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D37entire subject, as I could only repeat here the arguments, which I then placed before the Conseil. I have not, I think, omitted any topic of importance, and have not intentionally declined to meet fairly every objection raised in the statement of the Memorialists.Your Lordships will be a fair Judge, but I have reason to think that the feeling here is that the weight of argument is not on the side of the Memorialists, which possibly may be...14.Although residents here connected with Banks and Mercantile Firms would not prefer a Stamp duty to an increase in their House Rates, many consider that taxation is already much too heavy, rendering building operations costly in this already overcrowded climate.And though two out of the three daily newspapers published here support the views of the Government, nevertheless on the whole Your Lordship may take for granted that all immediately connected with the more mercantile interests of the place are opposed to the principle of a stamp duty because they apprehend that, if sanctioned, an unwise use may be made hereafter of the facilities thereby afforded for raising money.They naturally argue that the great freedom hitherto secured to the shipping and mercantile business has been that which has centred here such large transactions.

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D37entire subject, as I could only repeat here theorgarments, arguments, which I then plond. before the Conseil. I have not longKnowledge omitted any topice of importance, and have not intentionally declined todatement of the Memorialists. meet fairly every Or that howwerYour Lordships viel be a filter Judge, but I have reason to think the feeling here is that the weight of argument isis not on the side of the Memorialists, which possibly мый а14.lete sorenpafeow.justefs, that I hust willAlthough residents here mennicidi with Banks and Mercantile Firms would not preferto a Staip duty, their House Rates, Tanyan mcreaselavation rendering building olimate where alreadymuch. costly in thisis for already thereeverowding,isSersew tarration in seguidand though two out of the threeHerospapersest the wins ofsuppert daily published here the Government, neoncheless on the whole Lordship may take for granted thatYou all immediately connected with the mure mercantile interests of the place are oppond. to the principle of a stamp duty because they apprehend, that, if sanctioned, an unuise use may be made hereafter of the facilities therely afforded for raising moneyThey naturally ingo that the great freedow hitherto secured to the shipping and mercantile business than that which has centred here such large transactions.

2026-05-19 11:22:17 · Baseline

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entire subject, as I could only repeat

here the orgarments,

arguments, which I then plond. before the Conseil. I have not long

Knowledge omitted

any topice of importance, and have not intentionally declined to

datement of the Memorialists.

meet

fairly every Or that howwer Your Lordships viel be a filter Judge, but I have

reason to think

the feeling here is that the weight of

argument is

is not on the side of the

Memorialists, which possibly

мый а

14.

lete soren

pafe

ow.

just

efs, that I hust will

Although residents here

mennicidi

with Banks and Mercantile Firms would

not prefer to a Staip duty,

their House Rates,

Tany

an mcrease

lavation

rendering building olimate where already

much.

costly in this

is for already there

everowding,

Ser

sew tarration in seguid

and though two out of the three Herospapers

est the wins of

suppert

daily published here the Government, neoncheless on the whole

Lordship may take for granted that

You

all immediately connected with the mure mercantile interests of the place are oppond.

to the principle of a stamp duty because they apprehend, that, if sanctioned, an

unuise

use

may

be made hereafter of the facilities therely afforded for raising money

They naturally ingo that the great freedow hitherto secured to the shipping and mercantile business than that which has centred here such

CO129-115 - Sir MacDonnell - 1866 [9-10] — Page 38

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