CO129-189 - Governor Hennessy - 1880 [7-9] — Page 128

CO129 Colonial Office Hong Kong Records 理藩院香港檔案 All AI Reviewed
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127

was $61,938.71. Compared with the corresponding period of 1879 ($58,357.21)

this shows an increase on year of $3,581.50.

Total stamp revenue for the current year

My estimate of the for 1880, $115,000,

will therefore probably be exceeded.

2.

The details of the comparative statements of 1879 and 1880 show that

the largest item of decrease is under the head "Transfer of shares in Company". The revenue in the first six months of 1880 was $4,605.50 whereas in the same period of 1879 it is only $1,422.50. The decrease of revenue under this item is not, however, to be regretted, as it indicates a decline in the spirit of gambling in local young men.

It is generally believed that two of the Chartered Banks, so far from discouraging this gambling, gave advances on their own or other shares in such a way as to tempt clerks in commercial houses and Officers in the Army and Navy to indulge in speculative operations that in some cases involved ruin.

3.

The increase of $2,746.75 under the head of conveyances or assignments,

and the increase of $1,653.85 in the small tax payable on bank notes, point to the continued prosperity of the native

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127 was $61,938.71. Compared with the corresponding period of 1879 ($58,357.21) this shows an increase on year of $3,581.50. Total stamp revenue for the current year My estimate of the for 1880, $115,000, will therefore probably be exceeded. 2. The details of the comparative statements of 1879 and 1880 show that the largest item of decrease is under the head "Transfer of shares in Company". The revenue in the first six months of 1880 was $4,605.50 whereas in the same period of 1879 it is only $1,422.50. The decrease of revenue under this item is not, however, to be regretted, as it indicates a decline in the spirit of gambling in local young men. It is generally believed that two of the Chartered Banks, so far from discouraging this gambling, gave advances on their own or other shares in such a way as to tempt clerks in commercial houses and Officers in the Army and Navy to indulge in speculative operations that in some cases involved ruin. 3. The increase of $2,746.75 under the head of conveyances or assignments, and the increase of $1,653.85 in the small tax payable on bank notes, point to the continued prosperity of the native
Baseline (Original)
127 was $61,938.71. Compared with the corresponding period of 1879 (#58,3574.21) this shows an increase on year of $3.584.50. total stamp revenue the current My estimate of the for 1880, $115.000, will therefore probably be exceeded. 2. The details of the comparative statements of 1879 and 1880 show that the largest item of decrease is under the head "Transfer of shares in "Company". The revenue in the first from any this six months of 1899 $4,605.50 whereas in the same. Publie sourel was W shares which, in 1878 and 1899, was not creditable to some portions of the commercial community of Honghong. It is generally believed that two of the Chartered Bank, so far from discouraging this gambling, gave advances on own or other shares in such their a way as to tempt clerks in commercial houses and Officers in the Army and Navy to indulge in speculative operations that in some cases involved ruin. period 3. of 1880 it is only #1,422.50. The decrease of revenue under this item is not however to be regretted, as it indicates a decline in the spirit of gambling in local young men in The increase of # 2.746.75 under the head of conveyances or assignments, and the increase of $1,653.85 in the small tax payable on bank notes, point to the continued prosperity of the native
2026-05-21 20:38:00 · Baseline
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127

was $61,938.71. Compared with the corresponding period of 1879 (#58,3574.21)

this shows an increase on

year of $3.584.50.

total stamp

revenue

the current

My

estimate of the

for 1880, $115.000,

will therefore probably be exceeded.

2.

The details of the comparative

statements of 1879 and 1880 show that

the largest item of decrease is under the

head "Transfer of shares in "Company". The revenue

in the first

from

any

this

six months of 1899

$4,605.50 whereas in the same.

Publie

sourel

was

W

shares which, in 1878 and 1899, was not

creditable to some

portions of the commercial community of Honghong.

It is generally believed that two of the Chartered Bank, so far from discouraging

this gambling, gave

advances on

own or other shares in such

their

a

way

as

to tempt clerks in commercial houses

and

Officers

in the Army and Navy to

indulge in speculative operations that

in some cases involved

ruin.

period

3.

of 1880 it is only #1,422.50. The decrease

of

revenue under this item is not

however to be regretted, as it indicates a decline in the spirit of gambling in local

young

men in

The increase of # 2.746.75 under the head of conveyances or assignments,

and the increase of $1,653.85 in the small tax payable

on bank notes, point

to the continued prosperity of the native

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