CO129-262 - Governor Sir Robinson Acting Governor O-Brien - 1894 [1-4] — Page 411

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

and the market is still falling.

It will readily be perceived that this charge is already, and apart from the possibility of exchange falling still lower, considerably in excess of the amount of the proportion of the Colonial revenue which it was intended to alienate when the Contribution was £40,000; and it is fixed at my duty not to conceal from Your Lordship that, unless the amount be reduced, the result will probably be a deficit on the transactions of the current year, and the creation of serious financial embarrassment.

The current revenue for the year has been estimated at $2,007,210, showing an estimated surplus of some $8,000 over the estimate of ordinary expenditure. But at the present rate of exchange the equivalent of the Military Contribution is some $80,000.

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and the market is still falling. It will readily be perceived that this charge is already, and apart from the possibility of exchange falling still lower, considerably in excess of the amount of the proportion of the Colonial revenue which it was intended to alienate when the Contribution was £40,000; and it is fixed at my duty not to conceal from Your Lordship that, unless the amount be reduced, the result will probably be a deficit on the transactions of the current year, and the creation of serious financial embarrassment. The current revenue for the year has been estimated at $2,007,210, showing an estimated surplus of some $8,000 over the estimate of ordinary expenditure. But at the present rate of exchange the equivalent of the Military Contribution is some $80,000. Page 407

Baseline (Original)

4. 4. and the market is still falling. It will readily be perceived that this charge is already, and apart from the possibility of exchange falling still lower, considerably excess of the amount of the proportion of the Colonial - in revenue which it was in- tended to alienate when the Contribution was £40,000; and it is fixed at my duty not to conceal from "Your Lordship that, unless the amount Butthe 407 amount be reduced, the result deficit onl will probably be a def the transactions of the current! and the creation of serious year, financial embarrassment. The 5. current revenue. for the year has been esti- mated at $2.007.210, showing an estimated surplus of some $8,000 over the estimate of ordi- nary expenditure. But at the horny present rate of exchange the equivalent of the Military- Contribution is some $80,000 frate hister Mar Current rate jey in

2026-05-27 10:07:09 · Baseline

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and the market is still falling.

It will readily be perceived that this charge is already, and apart from the possibility of exchange falling still lower, considerably excess of the amount of the proportion of the Colonial -

revenue which it was in- tended to alienate when the

Contribution was £40,000; and it is

fixed at my duty

not to conceal from "Your Lordship that, unless the

amount

Butthe

407

amount be reduced, the result

deficit onl

will probably be a def the transactions of the current!

and the creation of serious

year,

financial embarrassment.

The

current

revenue.

for

the

year has been esti- mated at $2.007.210, showing an estimated surplus of some $8,000 over the estimate of ordi-

nary expenditure. But at the horny present rate of exchange the

equivalent of the Military- Contribution is some $80,000

frate

hister

Mar Current rate

jey

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