Finance
The revenue of the colony in 1868 only amounted to $1,301,843. That for 1906 was $9,512,132, exclusive of $106,180 received on account of land sales. Of this sum $6,650,558 was derived from import duties on opium, wines and spirits, and licences to deal in these articles, $377,972 from land revenue, $592,962 from postal and telegraphic revenue, and $276,019 from port and harbour dues. The expenditure, which in 1868 amounted to $1,197,177, had risen in 1906 to $8,747,819. The total cost of the administrative establishments amounted to $4,450,791, of which $2,586,195 were personal emoluments and $1,864,596 other charges. The military expenditure (the colony paid on this account 20% of its gross revenue to the British government by way of military contribution) amounted in 1906 to $1,762,438; $578,025 was expended on upkeep and maintenance of existing public works, and $1,209,291 on new roads, streets, bridges and buildings.
Read more about this topic: Straits Settlements
Famous quotes containing the word finance:
“A bank is a confidence trick. If you put up the right signs, the wizards of finance themselves will come in and ask you to take their money.”
—Christina Stead (1902–1983)
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—Vladimir Ilyich Lenin (1870–1924)
“There is an enormous chasm between the relatively rich and powerful people who make decisions in government, business, and finance and our poorer neighbors who must depend on these decisions to alleviate the problems caused by their lack of power and influence.”
—Jimmy Carter (James Earl Carter, Jr.)