There is a regular enumeration of the sheep and goats throughout every village in the island during the month of March, and the tax is evied at the rate of 2 1/2 piastres, or about 6d. per head. The tax is collected by the Local Government officials, and with proper arrangements should all be recovered in the month of April, but there are considerable arrear claims, extending back to several years.

The average revenue derived from this tax in the last five years was 9,854 pounds per annum. The recoveries already made in the current year amount to 1,187,364 Piastres, or 10,235 pounds. The estimate for the entire year is taken at 1,276,000 piastres, or 11,000 pounds, and the realisation of this sum may be expected.

Miscellaneous Revenue.

Under this head are comprised various small taxes, such as the tax on sales and transfers of landed property, on contracts, on measurements, on sale of cattle, on swine, stamps, judicial fees and fines, &c. The average yield of these taxes in the last five years was 767,005 piastres, with an increasing tendency in the later years. The amount recovered in the first six months of the current year was 743,775 piastres. The estimate for the entire year may therefore be safely taken at 1,102,000 piastres, or 9,500 pounds.

Customs.

We now come to the indirect taxes. I hope on a future occasion to describe, more fully than time will allow at present, the effect of the existing customs tariff in the past, and the modifications that may be made under British administration in this important branch of the public revenue, and in the excise on tobacco and spirits. It is sufficient to say at present that the customs revenue is derived from a duty of 8 per cent. upon imports and 1 per cent. upon exports, and that the receipts of the last five years give an average of 981,405 piastres, or 8,460 pounds. 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. 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. No other receipts are expected in the current year, and the revenue from salt has practically ceased. A considerable outlay will be required to repair and secure the salt lakes against the irruption of the drainage of the surrounding country.