12. In order to partially cover the deficit, it will be necessary to have recourse to fresh and additional taxation, and I propose to raise a sum of $230,000 in this way.
After careful consideration of the sources from which this additional amount of revenue might be derived I propose to
(a) increase the Stamp duties so as to yield an additional sum of $40,000.
I have compared the duties payable in Hong Kong with those obtaining in Jamaica, and I find that the latter are in most cases more than double the charges made here.
(b) increase the fees for Arms Licences from $10 to $20 annually, which should produce an additional annual sum of $20,000.
Independently of revenue purposes, this course is most desirable from a Police point of view for the more efficient control of dealers in arms.
(c) increase the fees for Chinese wholesale Spirit Licences from $150 to $250 per annum which would bring in additional revenue to the extent of $30,000.
The Government has recently received an offer for a monopoly of the sale of Chinese Spirits which shows an advance on the present receipts from licences of $30,000, but I am opposed to the grant of monopolies, and I do not consider that any hardship would be caused by deriving this extra amount of revenue from increased licence fees.
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12. In order to partially cover the de-
ficit, it will be necessary to have recourse to fresh and ad-
ditional taxation, and I propose to raise a sum of $ 230,000
in this way.
After careful consideration of the sources
from which this additional amount of revenue might be derived
I propose to
(a) increase the Stamp duties so as to yield
an additional sum of $ 40,000.
I have compared the duties payable in HongKong with
those obtaining in Jamaica, and I find that the latter are in
most cases more than double the charges made here.
(b) increase the fees for Arms Licences from
* 10 to 1200 annually, which should produce an additional
annual sum of $ 20,000.
Independently of revenue purposes, this course is
most desirable from a Police point of view for the more effi-
cient control of dealers in arms.
(c) increase the fees for Chinese wholesale
Spirit Licences from 150 to 250 per annum which would
bring in additional revenue to the extent of $ 30,000,
The Government has recently received an offer for a
monopoly ofthe
sale of Chinese Spirits which shows an advance
on the present receipts from licences of $ 30,000, but I am
opposed to the grant of monopolies, and I do not consider that
any hardship would be caused by deriving this extra amount of
revenue from increased licence fees.
(a)
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