The increased population and trade consequent upon the British
occupation of the island have already had a sensible effect upon the
revenue. The collections in the first four months of the current
official year under Turkish rule amounted to 268, 718 piastres, or 2,316
pounds. In the next two months of British administration they amounted
to 305,386 piastres, or 2,632 pounds, being an increase of over 127 per
cent., and that without any change in the tariff or the customs
regulations. A continuance of this rate may safely be reckoned upon for
the next six months, and the revenue of the entire year is therefore
estimated at 1,554,400 piastres, or 13,400 pounds. 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.
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