Managements and control of the Packet: Agencies at these places entails a great expenses and responsibility upon it, and if they were disconnected from this Office, the cost of maintaining these Hongkong Officers would be lessened.
Whatever arrangements however be decided upon for the arrangement of this subsidy, it is clear as in the year 1863 the excess of postal Revenues to the Colony over the expenses of the Department amounted to $35,843.42 = £7,467:7.
In this present year I regret to say that this profit to the Colony will be considerably less than it was in 1865, as though the Hongkong Government cannot give any material aid in defraying the cost of this conveyance of the Contract mails.
The diminution in postal revenue is no doubt one result of the monetary crisis in England, which has restricted banking and trade operations to narrower limits; and the sum I estimate the present year's revenue at is so much less than that of the previous year, as I have turned attention to propounding...
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Page 151
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Managements and controul'
of the Packet: Agencies at
these places
entails a
greats
expenses and responractility upow it, and if they
tvere
disconnected, from thies Offion, the cost of maintaining thes Hongkong Officers would's bes
bosened.
may
Whatever arrangements however be decideds- tapow for the grangement of this subsidy, it is chans Atrent as
in thes
years
clears
1863 the excess
of postal Revenues to the
Colony
Avert
the
expenses
of the Departaments enimuunted
نار
1= $35:843:4121 = £7.467:7:
cinlay,
and in thres presents
year I regret to say
8
that
the
148
this profit, to thres kolony o
considerably
will be considere
thew it was in 1865,
bos
this Hough'ong Government cannot give bury materials
Aid iw
defranying this cont: of this conveyance of the Contract malls.
The divinution witties
postab
revere is no doubl
one result of the monetary in Englands, which
penie
has restricted banking
and Aradals
operations
to
narrower limits; and the
sum I estimate the presents
Years
revenne at is so mueli
"less than that of the
foremans year, thanks than
previous
uny.
turned
littention to
propounding
Page 150Page 151
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