CO129-124 - Sir MacDonnell - 1867 [8-9] — Page 290

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

282

sheum the amount due to and remitted into the Imperial Government. In 1866, the total receipts it is true were $163,892 but from that sum has to be deducted $109,589, charged to the colony instead of only $2820, which was incurred on the same account in 1863.

The difference between those sums or $106,369 must be deducted from $163,892 part of the Testage Revenue entered as of 1866, to ascertain the amount actually available Revenue. That alone is a very great deduction, but is not by any means the only one.

Then if the profit, in great part imaginary, of the Mint, $10,490, is to be accounted an increase of the Revenue so as to invite the imposition of further expense on the colony, we cannot get at the real available amount with which the colony can deal till we owe the other side of the account, the cost at which that profit of $10,490 has been purchased - a cost not less than $50,000, exclusive of interest on $300,000 of capital sunk.

Therefore to arrive at what I presume is the only object of Your Grace's inquiry - namely the available or Ordinary revenue, we must deduct the difference between the profit by the Mint during 1866 and loss caused by the Mint, which may fairly be put down at about $40,000.

Nor is this all, because in the 19.

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282 sheum the amount due to and remitted into the Imperial Government. In 1866, the total receipts it is true were $163,892 but from that sum has to be deducted $109,589, charged to the colony instead of only $2820, which was incurred on the same account in 1863. The difference between those sums or $106,369 must be deducted from $163,892 part of the Testage Revenue entered as of 1866, to ascertain the amount actually available Revenue. That alone is a very great deduction, but is not by any means the only one. Then if the profit, in great part imaginary, of the Mint, $10,490, is to be accounted an increase of the Revenue so as to invite the imposition of further expense on the colony, we cannot get at the real available amount with which the colony can deal till we owe the other side of the account, the cost at which that profit of $10,490 has been purchased - a cost not less than $50,000, exclusive of interest on $300,000 of capital sunk. Therefore to arrive at what I presume is the only object of Your Grace's inquiry - namely the available or Ordinary revenue, we must deduct the difference between the profit by the Mint during 1866 and loss caused by the Mint, which may fairly be put down at about $40,000. Nor is this all, because in the 19.
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282 sheum the amount due to and remitted ito the Imperial Goverment. In 1866. the total receipts it is true were $163,892 but from that sum has to be deducted $109.589. charged to the bolony- instead of only $2820. which Lincurred on The difference was the expense the same account. in 1863. between those sums or $106,369- must be deducted from $163,892 part of the Testage Revenue lentered as of of 1866. to ascertain the amount actually Lavailable Revenue. That alone is a 18. very great deduction. but is not by any means the only -ame than if the profit, in great pant incaginares of the Mintos $10,490. is to be accounted an increase of the Revenue so as to invite the imposition of further expense on the bolony we cannot get at the real available amount with which the bolony and have put Your Grace can deal till we ow the other side of the account the cast at which that profit of $10,490 has been purchased- a cast not lefs than $50,000. exclusive of interest $300,000 of capital sunk. Therefore to arrive at what I presume presume is the only oliject of Your Graces inquiry- reiz the available oi Ordinary revenue we must རྔབ་མལ་པ་དངཅ་ཟུ་ཅན་རྣམ་ཁང་ deduct the difference between the profit by the Maint during and lofs caused by the Maint 1866 which may fairly be put down at about $40,000. Nor is this all, because in the 19.
2026-05-19 21:22:36 · Baseline
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282

sheum the amount due to and remitted

ito the Imperial Goverment. In 1866. the

total

receipts it is true

were

$163,892 but

from that sum has to be deducted

$109.589. charged to the bolony- instead of only $2820. which

Lincurred on

The

difference

was the expense

the same account. in 1863.

between those sums or

$106,369- must be deducted from $163,892 part of the Testage Revenue

lentered as

of

of

1866. to ascertain the amount actually

Lavailable

Revenue.

That alone is a

18.

very great

deduction.

but

is

not

by

any

means

the

only

-ame

than if the profit, in great pant incaginares of the Mintos $10,490. is to be accounted an increase of the Revenue so as

to

invite the imposition of further expense

on the bolony

we cannot

get

at the

real available amount with which the

bolony and

have put

Your Grace

can deal till

we

ow

the other side of the account the cast at which that profit

of $10,490 has been purchased- a cast not lefs than $50,000. exclusive of interest

$300,000 of capital sunk. Therefore to arrive at what I presume

presume is the only

oliject of Your Graces inquiry- reiz the

available oi

Ordinary

revenue we

must

རྔབ་མལ་པ་དངཅ་ཟུ་ཅན་རྣམ་ཁང་

deduct the difference between the profit by the Maint during and lofs caused by the Maint

1866 which

may fairly be put down at

about $40,000.

Nor is this all,

because in the

19.

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