CO129-340 - Governor Nathan Acting Governor May - 1907 [4-6] — Page 365

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

361

to the form of Grant for the Farm let last Autumn for 3 years as from 1st. March, 1907, to the effect that in the event of the exportation of raw Opium from India being so restricted as seriously to affect the business of the grantee, a reduction of the rent payable under the grant or other modification of the terms of the grant shall be made.

The annual revenue under the new grant of the Farm amounts to $1,452,000 or roughly one-fourth of the revenue of the Colony, exclusive of Land Sales.

Any serious inroad upon this item of revenue cannot be regarded with equanimity, especially when it is borne in mind that Hongkong produces practically nothing; that it owes its existence, not to say its prosperity, to the fact that it is a free port; and that sources of additional taxation to replace any large reduction in the item would be extremely difficult to find.

I therefore deprecate this further concession to the Chinese Government except in return for a substantial quid pro quo.

There are several questions intimately

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361 to the form of Grant for the Farm let last Autumn for 3 years as from 1st. March, 1907, to the effect that in the event of the exportation of raw Opium from India being so restricted as seriously to affect the business of the grantee, a reduction of the rent payable under the grant or other modification of the terms of the grant shall be made. The annual revenue under the new grant of the Farm amounts to $1,452,000 or roughly one-fourth of the revenue of the Colony, exclusive of Land Sales. Any serious inroad upon this item of revenue cannot be regarded with equanimity, especially when it is borne in mind that Hongkong produces practically nothing; that it owes its existence, not to say its prosperity, to the fact that it is a free port; and that sources of additional taxation to replace any large reduction in the item would be extremely difficult to find. I therefore deprecate this further concession to the Chinese Government except in return for a substantial quid pro quo. There are several questions intimately

Baseline (Original)

361 to the form of Grant for the Farm let last Autumn for 3 years as from 1st. March, 1907, to the effect that in the event of the exportation of raw Opium from India being so restricted as seriously to affect the business of the grantee, a reduction of the rent payable under the grant or other modification of the terms of the grant shall be made. The annual revenue under the new grant of the Farm amounts to $1,452,000 or roughly one- -fourth of the revenue of the Colony, exclusive of Land Sales. Any serious inroad upon this item of revenue cannot be regarded with equanimity, especially when it is borne in mind that Hongkong produces practically nothing; that it owes its existence, not to say its prosper- -ity, to the fact that it is a free port; and that sources of additional taxation to replace any large reduction in the item would be extremely difficult to find. I therefore deprecate this further concession to the Chinese Government except in return for a substantial quid pro quo. There are several questions intimately

2026-06-04 11:30:56 · Baseline

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361

to the form of Grant for the Farm let last Autumn for 3

years as from 1st. March, 1907, to the effect that in the

event of the exportation of raw Opium from India being so

restricted as seriously to affect the business of the

grantee, a reduction of the rent payable under the grant

or other modification of the terms of the grant shall be

made.

The annual revenue under the new

grant of the Farm amounts to $1,452,000 or roughly one-

-fourth of the revenue of the Colony, exclusive of Land

Sales.

Any serious inroad upon this item

of revenue cannot be regarded with equanimity, especially

when it is borne in mind that Hongkong produces practically

nothing; that it owes its existence, not to say its prosper-

-ity, to the fact that it is a free port; and that sources

of additional taxation to replace any large reduction in

the item would be extremely difficult to find.

I therefore deprecate this further

concession to the Chinese Government except in return for

a substantial quid pro quo.

There are several questions

intimately

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