East Africa ] 85 PUBLIC FINANCE Revenue, which stood at £ 130,000 in 1911 and £115,000 in 1912, has been discontinued since the latter year. The revenue is derived chiefly from Government railways and from licences and internal revenue (including poll tax),and in a less degree from customs, posts and tele graphs, fees of court, rents , sales , and interest . The public debt in 1915 amounted to £ 569,840.

The finances of Uganda have shown the same advance in recent years to a position of independenceof Imperial assistance . The grant-in-aid felì gradually from £ 103,262 in 1910 to £35,000 in 1914 , and in 1915 and 1916 no grant was required or given.

which in 1915 amounted to £287,025, is drawn chiefly from poll-tax , customs , game licences , land rents, tele graph receipts, motor-transport services, municipal receipts, andmarket dues .

Taxation in the East Africa Protectorate takes the form of a native hut-tax or poll-tax of 5 rupees per annum, and a non-native poll-tax of 15 rupees. In Uganda a poll-tax of 5 rupees is levied in Buganda, Busoga, Toro,and Ankole ; in more remote districts the tax is reduced to 3 rupees.

The two Protectorates have in recent years been granted by the Imperial Government loans bearing in terest at 3.1 per cent. for road , railway, marine, and harbour development The sum total of amounts lent or voted is £2,573,000 to the East Africa Protectorate, and £295,000 to Uganda . The grants -in -aid since 1893 have totalled £2,843,383 to East Africa and £2,548,512 to Uganda . Free grants for the Uganda and Magadi Railways represented a total , in 1917 , of £5,692,009 . It thus appears that the contribution of the British Government to the economic independence of the two Protectorates has now amounted to gifts of eleven millions and authorized loans of nearly three millions .

Banking.--- The banks represented in East Africa are the National Bank of India , the Standard Bank of South Africa , and the National Bank of South Africa. Each of these has branches at Mombasa and Nairobi.

The National Bank of India is also established at