The only other point in the memorandum which requires remark is para 4.
The works at present required for the new Territory are not of sufficient importance to make it worth while raising a loan to carry them out. In a very few years, if not immediately, the Revenue of the new Territory should suffice to cover the cost of the works needed.
As a matter of fact, it may be said that the present moment is utterly unsuitable for borrowing.
The only one of the recent proposals for increased Expenditure that for increasing the Salaries of Chinese Employees is still unsanctioned (see 3411/98). The additional annual Expenditure involved is reckoned at $17,000 a year.
I think the Report of the Committee shows that these increases should be granted.
I wrote a short minute on the above paper when it was first received but on reading the paper through in connection with the Estimates now disposed of, I have made up my mind to approve this.
4994.
L(x)—12435--2000-1-99
22317--3000-10-99
381 my present minute refers to para 16 of Despatch No. 25775-98, where we authorised increases of Salary to those of the poorly paid Chinese Employees who received no increase in 1890. I ask why no action was apparently taken on that despatch.
With the above remarks, I approve the Estimates and sanction the appropriation.
T.C.M. 25/1. I do not quite see the immediate necessity of an increase in taxation, for the following reasons:
The Estimated Revenue for next year, excluding Water Account and Land Sales, is $2,943,479, but from this there should be deducted about $50,000 owing to Land Receipts in the New Territory (see 38918); therefore the ordinary revenue is not more than $2,900,000 at most.
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The only other point in the memorat diain which requires remark is parà 4.
The works at present required for the new
magnitude Territory are not of sufficient importance to make it worth while raising a Louw to
carry
them out, In a
very few years, if not
immediately, the Revenue of the new Territory
should suffice to cover the cost of
the
This need it. [ As a matter of fact
matter of fact be said
P.W. Executed in it.
[As
also the present moment is utterly
unsuitable for borrowing. ]
The only one of the recent proporal for
increased Expenditure that for increasing
the Salaries of Chinese Employe's is still (see 3411
unsauctioned. The additional annual Expenditure involved is reckoned at
$17.000 a year.
I think the Report of the
Committee shows that these increases
should be granted.
I wrote a short minute on the slove
& paper when it was first received but
on reading
the paper through in conniving
now dispeadof
with the Estimates have lowe
minate up.
to this? I would simply approve
4994. cles
ort}
L(x)—12435--2000-1-99
22317--3000-10-99
381 my prestres
hut
say
witte
reference to para 16 of Despatch on 25775-
98
that we thew authoused increases of Salay
to those of the poorly paid Chinese
Employe's who received
no increase in no action was
1890 I ask why this une not dove apparently taken on
that despatch.
Agtagpo founded any bape de ane to frankbeti
Estimates &
? With the alove remarks approve the
sauction the appropriation sanding cufey offstigiater Abfuck) 07446 our deaf
T.C.M. 25/1 I do not so quite
Ordinance,
an
far a
to maisting upon the
thdiate necessity of anmicrease in
taxation, for the following
next
ނ އ
The Estimated Revenue for
muxt year excluding Water Account and Land Sales, is $2,943, 479, but from this there should propers deducted about $50,000
ouring 1. for Land Receipts in the New Territory se 38918; therefore the ordinary revenue is not more then $2,900,000 at most.
to an oven
Estimat
i
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