CO129-184 - Governor Hennessy - 1879 [1-5] — Page 79

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75

Commercial Community do not

Leeuw

to favor

that and of the town.

Some of the European Bankers

also urged

me to reduce the

Stamp duties which, in the ordinary cource of business, they now pay. But I have not been able to give to Keswick on the Bankers and

hose of reducing the particular

taxes to which

attention.

کیا

they

drew

my

Rough the Revenue of Houshing"

and the Colonial balances have

never been so

Carge

Х

as at this

moment, yet looking to the depression of trade elsewhere and

to the fact that some of the leading European and American houses

are

J

making little or no

prefer to lay by

a reserve

profits.

fund

for future contingencies than to spend the Treasury surplus in

reducing items of taxation, which, compared with similar importe in other Colonies, are excrpive

no means

I have the honor to be,

Sir,

Your most obedient Stumble Sewant,