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Updated: May 28, 2025
We have next, taking Mr Cobden's rule of practice, about £.50,000 actual military expenditure in St Helena, to which add reserve in England, and a total of about £.70,000 is arrived at; which cannot be placed to colonial account as for colonial purposes, since the island is purely a military and refreshment station for vessels en route for China, India, and the seas circumflowing; and foreign trade, therefore, as much concerned in the guilt of its expense as colonial traffic.
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