Straits Settlements - Finance

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.

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