583
4.
I concur in the recommendations made by the Committee, and I have consulted my Executive Council in the matter. They are unanimously of opinion that the large expenditure which must be incurred in the next few years on Waterworks should be met by a loan, and, with the exception of the Colonial Treasurer, they are in favour of a loan raised locally in Silver.
They are also unanimously of opinion that precedence should be given in the selection of items for taxation, to the items Nos. 4 to 14 inclusive set out in the schedule to the report, keeping the other items in reserve to meet future contingencies.
5.
I agree in this opinion and in addition to the arguments adduced in the report against a large increase in taxation than is recommended by the Committee, I would urge the consideration that the moment is not opportune for increasing taxation to any large extent, especially the item Assessed Taxes!
The Chinese are the principal payers of rates and they have been much harassed by Sanitary Legislation since 1894. They are about to have imposed upon them another very drastic Sanitary measure and to increase taxation considerably at the present juncture would in my opinion be impolitic.
Moreover, an increase in rates means an advance in rents which are already so high as to be a burden on the community and especially the lower classes of it.
With regard to the item 'Shipping dues' I would remind you that the question of raising those dues seems...
583
4.
I concur in the recommendations made by
the Committee, and I have consulted my Executive Council in
the matter. They are unanimously of opinion that the large
expenditure which must be incurred in the next few years on
Waterworks should be met by a lean, and, with the exception of
the Colonial Treasurer, they are in favour of a loan raised
locally in Silver.
They are also unanimously of opinion that
precedence should be given in the selection of items før tax-
- 14 inclusive set out in the ation, to the items Nos. 4
schedule to the report, keeping the other items in reserve
meet future contingencies.
5.
I agree in this ●pinien and in addition
to the arguments adduced in the repert against a large increase in taxation than is recommended by the Committee, I would urge
the consideration that the moment is not opportune for in-
creasing taxation to any large extent especially the item
Assessed Taxes!
The Chinese are the principal payers of
rates and they have been much harassed by Sanitary Legislation since 1894. They are about to have imposed upon them another very drastic Sanitary measure and to increase taxation consi- derably at the present juncture would in my opinion be impolitiq
Moreover, an increase in rates means an
advance in rents which are already se high as to be a burden
⚫n the community and especially the lower classes of it.
With regard to the item 'Shipping dues' I
would remind you that the question of raising those dues seme
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