This Estimate Takes
Account Of The Probable Early Abolition Of All Export Duties.
Excise on Tobacco and Spirits.
The receipts of the last five years give an average annual revenue of
6,475 pounds for tobacco and 4,546 pounds for spirits. The receipts for
the first six months of the current year amount to 4,400 pounds for
tobacco and 3,930 pounds for spirits. The estimate for the entire year
is 8,650 pounds for tobacco and 8,200 pounds for spirits, and it is
expected that the actual realisations will fully cover the estimate.
Revenue from Salt.
A considerable revenue was derived from the Government monopoly of the
salt lakes in the neighbourhood of Larnaca and Limasol. The salt was
sold for local consumption and for exportation to the coast of Syria,
but an injudicious increase to the selling price, with short weights and
increased cost of shipment, diverted the supply of the Syrian demand
from Cyprus to the salt lakes of Tunis, and gradually reduced the
revenue from this source. Owing to the excessive rains of last year, and
the influx of more fresh water into the lakes than could be evaporated
by the sun's rays during the summer, the lakes are at present
unproductive. But in the earlier months of the current year, under
Turkish administration, the sum of 1,756,840 piastres was recovered and
credited in the Treasury on account of previous salt dues, and that
amount is accordingly entered on the estimate with its English
equivalent of 15,145 pounds.
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