9
67
Revenue derived from them, and in order to ensure that the Colony should be at no loss a grant was made of £1,370 to recoup the Colony for any expense and "trouble" incurred, though the Agencies at that time appear to have realised a considerable profit. When Nagasaki and Yokohama were withdrawn from the list the grant was reduced to £810 and though Hankow, Weihaiwei, Hoihow and Chefoo have since been added no addition has been made.
6.
-
Now the grant stands at £710.
Inclusive of this grant, the net profit on the Agencies in 1893 was estimated at $18,400 though it was impossible to arrive at precise figures as separate accounts had not been kept, and in previous years it appears to have been even larger but the grant was nevertheless made apparently to compensate for "trouble".
7.
The existing arrangement has worked well for many years and in my view it would be inadvisable to upset it at any rate until the anticipations of a largely increased deficit are actually realised. Your Lordship will, however, I trust concur with me that the taxpayers of this Colony cannot equitably be charged with the cost of maintaining these Postal Agencies when they involve not merely increased work and responsibility but an actual money loss.
S.
9
67
Revenue derived from them, and in order to ensure that the
Colony should be at no loss a grant was made of £1,370
to recoup the Colony for any expense and "trouble" incurr-
ed, though the Agencies at that time appear to have
realised a considerable profit. When Nagasaki and Yokohama
were withdrawn from the list the grant was reduced to £810
and though Hankow, Weihaiwei, Hoihow and Chefoo have since
been added no addition has been made
now stands at £710.
6.
-
in fact the grant
Inclusive of this grant, the net profit
on the Agencies in 1893 was estimated at $18,400 though it
was impossible to arrive at precise figures as separate
accounts had not been kept, and in previous years it
appears to have been even larger but the grant was neverthe-
less made apparently to compensate for "trouble".
7.
The existing arrangement has worked
well for many years and in my view it would be inadvisable
to upset it at any rate until the anticipations of a large-
ly increased deficit are actually realised. Your Lordship
will, however, I trust concur with me that the taxpayers of
this Colony, cannot equitably be charged with the cost of
maintaining these Postal Agencies when they involve not
merely increased work and responsibility but an actual
money
.
S.
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