CO129-184 - Governor Hennessy - 1879 [1-5] — Page 9

7

2.

The

revenue from Stamps in 1877

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smounted to $118,539. 43.

Estimate framed in textember 1877 3 for the Bear 1878 was $125,000, but the Actual recupts amounted to $128,519. 79 The total increase ou the past year as compared with 1877 was $9.980.36

Therefore

Whilst the Staux returns show snow that the Colony, generally, has been commercially prosperous buring the last twelve months, they also show that the operations of our European Banks here have

sympathized with

the slacknep of business in some of the Intion and other Eastern banks

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The various iterus

from

F

revenne derived native trade and commerce have

increased, but there has been

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-decrease in the Stamp revenue berived

from the Bank notes, Prills of Exchange and Bank Cheques of the European Banks in Hongkong

4.

I take this opportunity of

enclosing for your information come copies of the Financial statement I made on the 15th of October and which

I alluded to in the last paragraph

1513 of my Despatch 1:100 616th October

78

1878.

5.

I am happy to say that the favourable balances I then looker