CO129-178 - Governor Hennessy - 1877 [6-8] — Page 411

CO129 Colonial Office Hong Kong Records 理藩院香港檔案 All AI Reviewed
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May be enough, it does not follow that a monopoly should be given to any particular Agent, & particularly a monopoly not put up to auction or let by tender, and I do not see why some funeral regulation should not have been passed allowing any person on certain conditions the privilege of retailing stamps bright- at a very small rate of discount - the sale being once effected would make a reasonable profit on the transaction, or that Government would be exposed to loss of 10%/% a goodly portion of its present Revenue? I point this out, say that the scheme must be reported as an experiment of which an early Report on its working should be forthcoming.

I 'We cannot afford to tamper with the Stamps Revenue, which is very considerable; we should take care that Chinese traders also do not get any advantage over the European merchants.'

Mr. Kennifry says it would amount to $10000 to $20000 a year. The question was brought before the Executive Council who recommended that the scheme should be tried experimentally put in force. In opposition was started by the Collector of Stamps who talked of $40,000 a year; & requested the farm be stopped.

with a full Report of the working of the scheme after 3 months - 13 Sep 1879 - and I think we might add that 5% seems an unreasonably high percentage, & that the arrangement for calculating & paying in seems open to improvement.

Page 407

It is shown that he expects & the Reason of from

All the merchants in the Colony resorting to this Agent, buying stamps at 5% discount, so that each party would be making a profit.

undertake to show whether the Agents cannot


Page 407 (end of page signal, kept as is)

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May be enough, it does not follow that a monopoly should be given to any particular Agent, & particularly a monopoly not put up to auction or let by tender, and I do not see why some funeral regulation should not have been passed allowing any person on certain conditions the privilege of retailing stamps bright- at a very small rate of discount - the sale being once effected would make a reasonable profit on the transaction, or that Government would be exposed to loss of 10%/% a goodly portion of its present Revenue? I point this out, say that the scheme must be reported as an experiment of which an early Report on its working should be forthcoming. I 'We cannot afford to tamper with the Stamps Revenue, which is very considerable; we should take care that Chinese traders also do not get any advantage over the European merchants.' Mr. Kennifry says it would amount to $10000 to $20000 a year. The question was brought before the Executive Council who recommended that the scheme should be tried experimentally put in force. In opposition was started by the Collector of Stamps who talked of $40,000 a year; & requested the farm be stopped. with a full Report of the working of the scheme after 3 months - 13 Sep 1879 - and I think we might add that 5% seems an unreasonably high percentage, & that the arrangement for calculating & paying in seems open to improvement. Page 407 It is shown that he expects & the Reason of from All the merchants in the Colony resorting to this Agent, buying stamps at 5% discount, so that each party would be making a profit. undertake to show whether the Agents cannot Page 407 (end of page signal, kept as is)
Baseline (Original)
May be the enough, it does not folim- that a monopoly should be fiven to any particuler Appet, & particularly a monopoly hot put up to auction or let by tender, and Ids not see why moss funeral regulation should not have been passed allowing any pertig on certain conditions the privilege of retailing stamps bright-ata very dinmall mis of discount_ the sale how fince Iace nothing befolvent would make a As E all the merchants in the Colony pesorting to this Agent, Alaying sug at 57% disconni, So that each party reasonable profit on the transaction, or that Go- would be exposed both tons of 10%/% a goodly portion of its present Revenue ? point this me, say that the shape must be reported at an experiment of thai- an carly Report on its working should be fort coming I 'We cannot afford to tamper with the Stamps Revenue, which is very considerable; thre Should take care that Chinese touders abo-hote get any advantage over the European Mr. Kennifry Jays ar tunicate 407 howwn that he exfecti & the Reason of from $10000 b & 20000 a gear. The quation was Graught before the Excration Cocinal who mommended that the scheme should be teforenly to The Expermentally put in force. In pation was started by the Celluler of Samps who talked of $40,000 Ach; & request the farmashed. with a full Report ofthe working of the scheme al ter at lad af 3 . ord. Months - 113.Sep179 and I think me nights add the tof seems an unpainty high percentage. & that the arrangement prcalculating бренд & paying in seems open Mutine underte hack whether, the Apunts cannot
2026-05-21 17:39:02 · Baseline
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May

be the enough,

it does not folim-

that a monopoly should be fiven to any particuler Appet, & particularly a monopoly hot put up to auction or let by tender,

and Ids not see why

moss funeral regulation should not have been passed allowing any pertig on certain conditions the privilege of retailing stamps bright-ata very dinmall mis of discount_ the sale how fince Iace nothing befolvent

would make a

As E

all the merchants in the Colony pesorting to this Agent, Alaying sug at 57% disconni, So that each party

reasonable profit on the transaction, or that Go- would be exposed both tons of 10%/%

a goodly portion of its present Revenue ? point this me, say that the shape must be reported at an experiment of thai-

an

carly Report on its working should be

fort coming

I 'We cannot afford to tamper with the Stamps Revenue, which is very considerable; thre Should take care that Chinese touders abo-hote get any advantage over the European

Mr. Kennifry Jays

ar tunicate

407

howwn that he exfecti

& the Reason of from

$10000 b & 20000 a gear.

The

quation was

Graught before

the Excration Cocinal who mommended that the scheme should be teforenly to

The

Expermentally put in force. In pation was started by the Celluler of Samps who talked of $40,000

Ach; &

request the farmashed.

with a full Report ofthe working of the

scheme al ter

at

lad

af

3 . ord. Months -

113.Sep179

and I think me

nights add

the tof seems an unpainty high percentage. & that the arrangement prcalculating

бренд & paying in seems open

Mutine

underte hack

whether, the Apunts cannot

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