CO129-335 - Governor Nathan - 1906 [8-10] — Page 347

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

TARYENTE

343

31355

reports of the Meetings of the Legislative Council held on the 13th. and 27th. September when the Estimates were dealt with. On the first of those dates I introduced the Estimates with an explanation of the probable financial position on the 31st. December 1908, and of the Estimates of revenue and Expenditure for the coming year, followed by a short exposition of the future intentions of the Government given under the main headings of its expenditure. On the 27th. the proposals of the Government were criticised in speeches by three of the Unofficial Members of the Council to which the Director of Public Works, the Captain Superintendent of Police and I replied. The Appropriation Bill was then read a second and third time and passed unanimously.

4.

Your Lordship will observe that the decrease anticipated in the total Revenue is due to four principal causes, the disappearance of profit on subsidiary coin ($120,000) foreshadowed in my confidential despatch of 23rd. July, the deletion from the Estimates of the Widows' and Orphans' Pension Fund ($249,000) upon which I decided at the unanimous request of the Contributors, a decline in the estimated returns from Land Sales ($100,000), and the reduction ($490,000), on reletting, in revenue from the Opium farm which was not ascertained until the 31st. of August when the preparation of the Estimates had reached the final stage. It was then necessary for me to consider what steps should be taken to meet the deficit on this last subhead. Taking into consideration the present and prospective indebtedness of the ...

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TARYENTE 343 31355 reports of the Meetings of the Legislative Council held on the 13th. and 27th. September when the Estimates were dealt with. On the first of those dates I introduced the Estimates with an explanation of the probable financial position on the 31st. December 1908, and of the Estimates of revenue and Expenditure for the coming year, followed by a short exposition of the future intentions of the Government given under the main headings of its expenditure. On the 27th. the proposals of the Government were criticised in speeches by three of the Unofficial Members of the Council to which the Director of Public Works, the Captain Superintendent of Police and I replied. The Appropriation Bill was then read a second and third time and passed unanimously. 4. Your Lordship will observe that the decrease anticipated in the total Revenue is due to four principal causes, the disappearance of profit on subsidiary coin ($120,000) foreshadowed in my confidential despatch of 23rd. July, the deletion from the Estimates of the Widows' and Orphans' Pension Fund ($249,000) upon which I decided at the unanimous request of the Contributors, a decline in the estimated returns from Land Sales ($100,000), and the reduction ($490,000), on reletting, in revenue from the Opium farm which was not ascertained until the 31st. of August when the preparation of the Estimates had reached the final stage. It was then necessary for me to consider what steps should be taken to meet the deficit on this last subhead. Taking into consideration the present and prospective indebtedness of the ...
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TARYENTE 343 31355 reports of the Meetings of the Legislative Council held on the 13th. and 27th. September when the Estimates were dealt with. On the first of those dates I introduced the Estimates with an explanation of the probable financial position on the 31st.Dece- ber1908, and of the Estimates of revenue and Expenditure for the coming year, followed by a short exposition of the future intent- ions of the Government given under the main headings of its expenditure. On the 27th. the proposals of the Government were criticised in speeches by three of the Unofficial Members of the Director of Public Horas, the Captain Superintendent of Police and I replied. The Appropriation Bill was then read a second and third time and passed unanimously. Council to which 4. Your Lordship will observe that the decrease anticipated in the total Revenue is due to four principal causes, the disappearance of profit on subsidiary coin ($120,000) fore- shadowed in my confidential despatch of 23rd. July, the deletion from the Estimates of the Midcas' and Orphans' Fension Fund ($249,000) upon which I decided at the unanirous request of the Contributors, a decline in the estimated returns from Land Sales ($100,000), and the reduction ($490,000), on reletting, in revenue from the Opium farm which was not ascertained until the 31st. of August when the preparation of the Estimates had reached the final stage. It was then necessary for me to consider what steps should be taken to meet the deficit on this last subhead. Taking into consideration the present and prospective indebtedness of the ཞེ་༔ ཏ་
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TARYENTE

343

31355

reports of the Meetings of the Legislative Council held on the

13th. and 27th. September when the Estimates were dealt with. On

the first of those dates I introduced the Estimates with an

explanation of the probable financial position on the 31st.Dece-

ber1908, and of the Estimates of revenue and Expenditure for the

coming year, followed by a short exposition of the future intent-

ions of the Government given under the main headings of its

expenditure. On the 27th. the proposals of the Government were

criticised in speeches by three of the Unofficial Members of

the Director of Public Horas, the Captain

Superintendent of Police and I replied. The Appropriation Bill

was then read a second and third time and passed unanimously.

Council to which

4.

Your Lordship will observe that the decrease

anticipated in the total Revenue is due to four principal causes,

the disappearance of profit on subsidiary coin ($120,000) fore-

shadowed in my confidential despatch of 23rd. July, the deletion

from the Estimates of the Midcas' and Orphans' Fension Fund

($249,000) upon which I decided at the unanirous request of the

Contributors, a decline in the estimated returns from Land Sales

($100,000), and the reduction ($490,000), on reletting, in revenue

from the Opium farm which was not ascertained until the 31st. of

August when the preparation of the Estimates had reached the

final stage. It was then necessary for me to consider what steps

should be taken to meet the deficit on this last subhead. Taking

into consideration the present and prospective indebtedness of

the

ཞེ་༔ ཏ་ ་ ་

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