The past revenue from salt should be excluded from the computation of
the payment to be made to the Porte from the surplus revenues of Cyprus,
under Article III of the Convention of 4th June, 1878.
To sum up. Having regard to the revenue arrangements concluded before
arrival of the British in Cyprus, to the realisations in the first four
months of the current year under Turkish administration, and to the
altered conditions under which the finance of the remainder of the year
has to be administered, I am of opinion that the revenue may be safely
estimated at 170,000 pounds, as below:--
Pounds
Tithes on land . . . . . . . . . . . . . . . . . . . . . 72,000
Tax on property, professions, and trades . . . . . . . . 22,000
Tax on sheep . . . . . . . . . . . . . . . . . . . . . . 11,000
Tax for exemption from military service. . . . . . . . . 9,000
Customs duties . . . . . . . . . . . . . . . . . . . . . 13,400
Excise on tobacco and spirits . . . . . . . . . . . . . 16,850
Salt monopoly . . . . . . . . . . . . . . . . . . . . . 15,145
Miscellaneous . . . . . . . . . . . . . . . . . . . . . 10,605
Total . . . . . . . . . . . . . . . . . . . . . . . . . 170,000
In future years even though the revenue from the salt monopoly be
entirely lost, we may confidently hope for such an expansion of the
revenue from land*, (*footnote: The island of Cyprus is 140 miles bang
from east to West, with an average breadth of 30 miles. This gives an
area of 4,200 square miles, or 2,688,000 acres.
