Revenue Farm

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A Revenue Farm is a franchise with a license to collect state revenue, with a monopoly right to practice a certain business. Such a monopoly was granted by the state government to a "Farmer" for a limited period of time in a strictly defined location in a city, district or province. In return, the farmers/bidders had to pay the government in advanced to be guaranteed monopoly status[1].

[edit] References

  1. ^ Ngo, Tak-Wing. [1999] (1999). Hong Kong's History: State and Society Under Colonial Rule. United Kingdom: Routledge. ISBN 0415203058.


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