HONGKONG
£69
European branch). He retired in the early part of 1919 owing to ill-health while on a vacation in British Columbia. In his absence and until the arrival of the new Governor, Sir Reginald Edward stubbs, K.C.M.G., on September 30th, 1919, the Government was administered by the Hon. Mr. Claud Severn, C.M.G., Colonial Secretary.
The following is a list of those who have administered the Government from the date on which the Island was erected into a Colony:-
1843 Sir Henry Pottinger, Bart., G.C.B. 1844 Sir John Francis Davis, Bart., K.C.B. 1648 Samuel George Bouham, C.B 1851 Major-General W. Jervois (Lt.-Governor) 1851 Sir S. George Bonham, Bart., K.C.B. 1852 John Bowring, LL.D. (Acting) 1853 Sir S. George Bonham, Bart., K.C.B. 1854 Sir John Bowring, Kt., LL.D. 1854 Lieut.-Colonel Wm. Caine (Lt.-Governor) 1855 Sir John Bowring, Kt., LL.D. 1859 Colonel Caine (Lieut.-Governor) 1859 Sir Hercules G. R. Robinson, Kt. 1862 William Thomas Mercer (Acting) 1864 Sir Hercules G. R. Robinson, Kt. 1865 William Thomas Mercer (Acting) 1866 Sir Richard Graves MacDonnell, Kt., C.B. 1870 Maj.-Gl. H. W. Whitfield (Lt.-Governor) 1871 ir Richard G. MacDounell, K.C.M.G., C.B 1872 Sir Arthur E. Kennedy, K.O.M.G., C.B. 1875 John Gardiner Austin (Administrator) 1876 Sir Arthur E. Kennedy, K.C.M.G., C.B. 1877 Sir John Pope Hennessy, K.C.M.G. 1882 Wm. Hy. Marsh, c.M.G. (Administrator) 1883 Sir George Ferguson Bowen, G.C.M.G. 1885 Wm. Hy. Marshi, c.M.G. (Administrator) 1887 Mjr.-Gen. W. G. Cameron, C.B. (Adminis.)
1887 Sir George William Des Voeux, K.C.M G. 189 Francis Fleming, C.M.o. (Administrator) 1890 Sir George William Des Vœux, K.C.M.G. 1891 Mjr.-Gen. G. Digby Barker, ¢ B. (Adw.) 1891 Sir William Robinson, G.C M.G. 1898 Mj.-G. Wilsone Black, C.B. (Admiur.) 1898 Sir Henry Arthur Blake, G.c.M.G. 1902 Mj.-Gen. Sir W. Gascoigne, к.C.M.G. (Adr.) 190: Sir Henry Arthur Blake, G.c.M.G. 1903 Francis H. May, C.M.G. (Administrator) 1904 Sir Matthew Nathan, K.C.M.G. 1906-7 Hon Mr. F.H.May,C.M.G.,Adur.(1month) 1907 Sir Matthew Nathan, K,C.M.G.
1907 Brigadier Gen. Sir F D. Lugard, K.C.M.G. 1907 Hon. Mr. F. H. May C.M.G. (Adminis,) 1909-10 Sir H. May, к.C. G. (Administrator) 1910-12 Brig.-Gen. Sir F. D. Lugu d, K.C.M G. 1912 Hon. Mr. Claud Severn (Aumin sırator) 1912 Sir Henry May, K.C м.G.
1913 Hon. Mr. Claud Severn (Administrator) 1914-19 Sir Heury May, K.C.M.G.
1917-18 Hon. Mr. Claud Severn, C.M.G. (Admr.) 1918-19 Hon. Mr. Claud Severn, c.м G. (Admr.) 1919-3 Sir Regin: Id Edward Stubbs, K.C.M.G. 1922 Ho. Mr. Claud Severn, c.M.G. (e dur.)
The Government is administered by a Governor, aided by an Executive Council of six officials and three unofficials. The Legislative Council is presided over by the Governor, and is composed of the Officer Commanding the Troops, the Colonial Secretary, the Attorney-General, the Treasurer, the Secretary for Chinese Affairs, the Director of Public Works, the Director of Education, and six unofficial members, one of whom is clected by the Chamber of Commerce and another by the Justices of the Peace. The remaining four, two of whom are of Chinese race but British nationality, are appointed by the Government. Demands for a greater measure of popular representa- tion were made by the British residents to the Secretary of State for the Colonies in 1916 and again in 1919, both times unsuccessfully. In 1922 a numerously-signed petition on the subject was presented to the House of Commons.
FINANCES
The revenue for 1922 was estimated in October at $20,718,720, or nearly three and a half millions more than the original estimate. The revised estimate of ex- penditure for the year was $19,565,500. This was about $630,000 below the original estimate, the explanation being that less was spent upon public works extraordinary than had been allocated. The balance of assets at the end of 1922 was computed at $7,631,965, as compared with $6,478,745 at the end of 1921. The revenue for 1923 is estimated at $18,567,270, and the expenditure (including the Military Contribution of 20 per cent. of the revenue) at $22,583,835, leaving a deficit on the year's working of sonie four million dollars to be taken from the surplus remaining over at the end of 1922. The Colony has a small public debt. A loan of £200,000 was contracted in 1886. Another loan of £200,000 was contracted in 1893, and in 1894 the unredeemed balance of the first loan was converted from 4 per cent. debentures into 34% inscribed stock, thus bringing it into uniformity with the loan raised in 1893. In 1906 the Government raised a loan of £1,100,000 in London at an average price of £99. 1s. per cent., bearing interest at the rate of 3 per cent. This money was originally lent to the Chinese Government for the purpose of redeeming the Canton-Hankow railway concession from the various persons who had acquired interests in it from the original American concessionaires.