451
term expires and the time for reletting the farm, it will realise comes more than he considerably pays for it. But as it is, a sum the farm brings in annually of $340,000, or about one-sixth of the whole of the general revenue. The abolition of the farm would unquestionably occasion an immediate and considerable loss of revenue, and it would almost certainly, for reasons that I shall presently mention, be followed at an early date by the total extinction of the revenue derived from opium. This would necessitate a revision of the scheme of local taxation, and in all probability the imposition of import duties, a measure that would be intensely unpopular in the Colony and would, in the opinion of many, be highly detrimental to the commercial prosperity
451
term expires and the time
for reletting the~ farm, it will realise
comes
more
than he
considerably pays for it. But as it is,
a sum
the farm brings in annually of $340,000, or about one-sixth of the whole of the general revenue. The abolition of the farm would unquestionably
occasion an immediate and :considerable loss of revenue,
and it would almost certa for reasons that I shall
"certainly,
presently
presently mention, be followed at an early date by the told extinction of the revenue derived from opium. This
would necessitate a revision
of the scheme
of
local
taxation, and in all
probability the imposition
of import duties, a measure that would be intensely unpopular
in the Colony
and would, in the opinion of many, be highly
detrimental to the commercial
prosperity
POSTAMENTE ALL MIAM
No comments yet.
Private notes are available after approval.