CO129-178 - Governor Hennessy - 1877 [6-8] — Page 590

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

585

expressed the opinion in Executive Council that the new scheme would endanger the revenue, I directed any further action in the matter to be stopped until Mr. Lister had prepared an estimate of the effect of the proposed change, and until I had ascertained the views of the unofficial members of the Legislative Council on the point at issue.

4. On being pressed for an estimate, Mr. Lister rather gave a vague reply, and appeared disposed to concur with the Attorney General and to withdraw from his former statement that the new tariff would be not only equitable to the Chinese but profitable to the Government.

5. On the other hand, Mr. Lowcock said, "I am of opinion that the reduction in the value of stamps on short term promissory notes is very desirable; the present duty on business such as that alluded to by the Stamp Collector, of which there is no doubt a large amount in the Colony, being quite oppressive; and there is little doubt that more revenue will be collected under the proposed reduced rate.

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J 585 expressed the opinion in Executive Council that the new scheme would endanger the revenue, I directed any further action in the matter to be stopped until Mr. Lister had prepared an estimate of the effect of the proposed change, and until I had ascertained the views of the unofficial members of the Legislative Council on the point at issue. 4. On being pressed for an estimate, Mr. Lister rather gave a vague reply, and appeared disposed to concur with the Attorney General and to withdraw from his former statement that the new tariff would be not only equitable to the Chinese but profitable to the Government. 5. On the other hand, Mr. Lowcock said, "I am of opinion that the reduction in the value of stamps on short term promissory notes is very desirable; the present duty on business such as that alluded to by the Stamp Collector, of which there is no doubt a large amount in the Colony, being quite oppressive; and there is little doubt that more revenue will be collected under the proposed reduced rate.

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! J 585 expressed the opinion in Excentive. Council that the new scheme would endanger the revenue, I directed any further action in the matter to be stopped mutil. Mr. Lister had Jrepared an estimate of the effect of the proposed change, and until I had ascertained the views of the unofficial members of. the Legislative Council on the point at issue. ar 4. On being pressed estimate, Mr. Lister rather gave a for vague reply, and appeared disposed to concur with the Attorney General and to withdraw from his former statement that the new tariff would be not only equitable to the Chinese but profitable to the Government. 5. On the other hand Mr. Lowcook said. 4 "I am of opinion that the " reduction in the value of stamps " on short term promissory notes "1 is very tave M on desirable; the present business such as that alluded to by the Stamp "Collector, of which there is no doubt a large amount in the Colony, being quite oppressive; and there is little doubt that more revenue will be collected under the proposed reduced rate TO TIDO

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585

expressed the opinion in Excentive. Council that the new scheme would

endanger the revenue, I directed

any further action in the matter to be stopped mutil. Mr. Lister had

Jrepared

estimate of

the

effect

of the proposed change, and until I had ascertained the views of the unofficial members

of.

the

Legislative Council on the point

at issue.

On being pressed

estimate, Mr. Lister

rather

gave

for

vague reply, and appeared disposed to concur with the Attorney General and to withdraw from his former statement that the new

tariff would be not only equitable to the Chinese but profitable to the Government.

On the other hand

Mr. Lowcook said.

"I am of opinion that the

" reduction in the value of stamps

" on short term promissory notes

very

tave

desirable; the present

business such as that

alluded to by the Stamp

"Collector, of which there is no doubt a large amount in the Colony, being quite oppressive;

and there is little doubt that

more revenue will be collected

under the proposed reduced rate

TO TIDO

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