CO129-258 - Governor Sir Robinson - 1893 [1-4] — Page 164

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

193

portion of it. What it is important to notice (and the Memorialists have failed to notice it) is that in spite of a falling revenue, the total fiscal revenue has steadily increased, a matter of unmixed satisfaction.

In subparagraph (ix) the revenue derived from the profit on the sale of subsidiary coins is mentioned. The remarks in the preceding subparagraph are equally applicable here, and I may add that the demand for subsidiary coinage has recently revived to a remarkable degree, and that the profit realized in 1892 amounts to about $45,000.

Subparagraph (i) comments on the alleged elasticity and productivity of the revenue. As already stated, the revenue has continuously increased,

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193 portion of it. What it is important to notice (and the Memorialists have failed to notice it) is that in spite of a falling revenue, the total fiscal revenue has steadily increased, a matter of unmixed satisfaction. In subparagraph (ix) the revenue derived from the profit on the sale of subsidiary coins is mentioned. The remarks in the preceding subparagraph are equally applicable here, and I may add that the demand for subsidiary coinage has recently revived to a remarkable degree, and that the profit realized in 1892 amounts to about $45,000. Subparagraph (i) comments on the alleged elasticity and productivity of the revenue. As already stated, the revenue has continuously increased,

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! 193 portion of it. What it is im- hortant to notice this head and the Memorialists have failed to notice it) is that in spite of a falling affin [ the total ial revenue has Be opsiene of our general steadily increased the · a matter unmixed satisfaction. In subparagraphlx) The revenue off in the fatting off in derived from the profit on the sale of subsidiary coins is mentioned. The remarks or the the preceding subparagraph are equally applicable here, and I may demand for add that the come has rece cur 2. recently a remarkable dear subsidiary revivedi degree. and that the profit realized in 11892 amounts to about $45,000. Subparagraph (i)- ments on 1 the alle of clasticity alleged divard and productivity in the revenue. As already stated wheatedly has continuously the revenue. micreased, I

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193

portion of it. What it is im-

hortant to notice

this head

and the Memorialists have

failed to notice it) is that

in spite of a falling affin

[

the total

ial revenue has

Be opsiene

of our general steadily increased

the

a matter

unmixed satisfaction.

In subparagraphlx)

The revenue

off in the

fatting off in

derived from

the

profit on

the sale of subsidiary coins is

mentioned. The remarks or

the

the preceding subparagraph

are

equally applicable here,

and I may

demand for

add that the

come has rece

cur 2.

recently

a remarkable dear

subsidiary

revivedi

degree.

and

that the profit realized in

11892

amounts to about $45,000.

Subparagraph (i)-

ments on

the alle

of clasticity

alleged

divard

and

productivity

in the revenue. As already

stated

wheatedly has continuously

the revenue.

micreased,

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