CO129-431 - Governor Sir May - 1916 [1-2] — Page 248

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

'SELON

246

'ed in the ketimates. If therefore the policy of

coin is pursued the nett increase in revenue

price of prepared opium will be $357,104.

In order to establish equilibrium between

xpenditure it is necessary to provide for an addition

presium of $75,000 in respect of the Land Sale

Despatch

an tetegram of the 30th December

in the Estimate for Land Sales, I have excis-

(c) from Public Works Extraordinary and I can make

Jales of $25,000 giving a total saving on Public works

Mnary of $61,000. There will be further considerable

és in Personal 'molumenta in the Police and Prison Depart-

due to the absence of European Police and warders at the

́and in some other Departments from economies which are

=

introduced. Those will probably amount to $50,000. I antici-

Spensiderable increases in revenue from Estate Duty due to recent Dislation on the subject (Ordinance 15 of 1915). The

increase this year may reach $50,000. To make up the balance and

lewe

margin for increased vilitary Contribution I have decided

so increase the duties on alcoholic liquors by about 30 per centu

and to tax perfumes containing alcohol. This is estimated to

yield £120,Qp☺ this.

year.

i

koreover I would again urge upon you the pro-

-posals made in my confidential Despatch of the 29th. December by which an malimated revenue of song (8600,00g may be obtained 68 76. from tax)

Y

salt, and I hope shortly to lay before you proposals for taxing tobacco from which souree I estimate that $150,000 a

year can be derived.

Both these taxes coul' be initiated this year

Lat. of July with the result that a surplus revenue of

angkan the yet?'s worķīng night be effected.

This taxation path the proposals made in

will, 1 subsit, suflice for the needs of the 'ole.kr"

1 subuit,

ent.

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