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Colonial Administration

Colonial Administration


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Purchase of this book includes free trial access to www.million-books.com where you can read more than a million books for free. This is an OCR edition with typos. Excerpt from book: CHAPTER III COLONIAL FINANCE Colonial finance differs in some important respects from the finances of a fully developed nation. In the first place, a colony being a subordinate though distinct part of the national organism, its financial system must always be adapted to this relation of dependence. Colonies, however, cannot be assimilated to the local units of a national government because of the great diversity of conditions which prevail in the various parts of a colonial empire. In colonies, moreover, financial questions are even more closely connected with the general economic life than in independent countries; indeed, the more highly developed a country becomes, the more distinctly can finance be treated as a matter of revenue supply. In a new region where civilization is being built up painfully and in the face of formidable obstacles, there must be a careful calculation of the -possible effect of any act of the government upon all the incipient economic institutions and relations. Thus, for instance, in colonies, the matter of direct taxation is intimately connected with the labor supply, customs duties control the development of trade, and the importance of the land tax involves the government in the prosperity or the misfortunes of the cultivators of the soil. It is therefore not merely in its relation to the administrative system that we shall study colonial finance, but as an important instrumentality among the social forces engaged in the work of colonial development. The original expenses of acquisition should be kept down with jealous care, for they readily attain such a height as to make it very problematical whether the first outlay can ever be recovered by the mother country even with a very favorable development of trade. It is easy to discount the futu...


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Product Details
  • ISBN-13: 9781459042407
  • Publisher: General Books
  • Publisher Imprint: General Books
  • Height: 246 mm
  • No of Pages: 104
  • Spine Width: 6 mm
  • Width: 189 mm
  • ISBN-10: 1459042409
  • Publisher Date: 02 Feb 2012
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Weight: 200 gr


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