the general Revenue of the Colony, but from a special rate levied on
levied on shipping.
12
A tax of 11⁄2 cent per ton would
produce the
sum required; and though euch an impost would on varions grounds be highly objectionable, His Excellency is inclined to regard it as a the imposition of so heresy a burthen on
lesser evil than
an income the whole of which is
may
- urgently required for other purposes.
It is very possible that there be considerations unknown to this Excellency but known to Her Majesty's Government, which entirely alter the complexion of these questions, eriz : _ that as to the degree of necessity for the cable, and that from which any subsidy should come. ff, notwithstanding the
objection above indicated, the cable should be held to be valuable for the purpose of defence that would no doubt furnish contribution from the
as to the
oource
a reason
for a
Houral Rovence of the some part of
534
the subsidy, but not of the whole : for
even in this case it is to be borne in.
-mind, that the defense assisted is the whole British brade of the Eastern seas, and not merely that of Hongkong.
Course rest with
a
The final decision on these doubtful point will of
of course Her Majesty's Government; but with: view to his forming upon the whole quation such a judgment as is possible in the probable absence of a complete knowledge of sucessary facts, Wisbaneller, would be very glad of the assistance of the Chamber of Commerce.
Shave
to
(Signed) Frederick Stewart,
Colonial Secretary.
the
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