309
No. 23
92
HONGKONG.
REPORT ON THE BLUE BOOK AND DEPARTMENTAL REPORTS FOR 1891.
Laid before the Legislative Council by Command of His Excellency the Governor, on the 23rd May, 1892,
1.—TAXATION.
There have been no changes under this head.
2. REVENUE AND EXPENDITURE.
-
The Revenue amounted to $2,025,302.51, or excluding premiums from Land Sales and Water Account to $1,907,054.43; and the Expenditure amounted to $2,419,086.26, including Extraordinary Works; excluding these, to $1,868,073.26. The revenue has been classified in conformity with the instructions of the Secretary of State for the Colonies.
Year.
The Revenue and Expenditure for the past five years have been :-
Revenue.
Ordinary
Expenditure. Expenditure, including
Water Account Water Account
Percipts. Expenditure.
Extraordinary
Premia from Land,
Defensive Works.
1887,...$1,427,485.79 1888,... 1,557,300.03
$155,238.02
160,688.64
$1,278,181.68
$744,820.38
1,461,459.64
530.870.03
1889,... 1,823,549,13 154,725.60 1890,... 1,995.220.47 16,638.80
1,459,167.16
374,551.63
1,517,843.05
397,507.42
1891.... 1,907,054.43
51,761.47
1,868,073.26 514,526.39
$66,486.61
$66,486.61
3.-LOCAL Revenues.
The Chinese inhabitants contributed in 1891, by voluntary assessment among them- selves, to the pay of the District Watchmen,
and received from the Government for the same object a grant-in-aid of.
4.-ASSETS AND LIABILITIES.
.$7,209.76 2,000.00
On the 31st December, 1891, the assets of the Colony exceeded its liabilities by......$231,177.51
The surplus assets in :-
-
1885 were
1886 the liabilities exceeded the assets by
1887 the surplus assets were
.$ 427,692.42 $191,512.29 $631,374.08 (a)
.$ 360,649.76
1888
Do.
1889
Do.
1890
Do.
1891
Do.
5. PUBLIC DEBT.
.$ 505,109.87 $309,732.25 $231,177.51
No new loan has been raised.
Amount of present Loan, £200,000. Amount of Sinking Fund, £34,053. 8s. 3d.
6.-MILITARY EXPENDITURE,
The Military Expenditure (inclusive of the Volunteer Corps) defrayed by the Colony during the last seven years
has been as follows:-
Military Contribution, exclusive of
Defensive Works, and
inclusive of Volunteer Corps,
Defensive Works.
$ 68,158.45
Defensive Works.
1885,
1886,
1887, 1888,
1889, 1890.
1891,..
.$117,337.00
$124,561.68
$128,815.63
$134,594.68
$134,261.12
$124,646.96
.$421,002.01 (b)
$217,901.45 $258,444.28 $ 62,115.90
$ 63,753.73
$ 5,082.92
$ 20,005.45
£12,576.10.2. £39,230. 0.0. £43,710. 7.6. £10.036. 4.0. 9.678.14.5.
£ 832. 1.1. £ 3,102. 1.7.
(@) A loan of £300,000 having been raised during 1887 to be paid off on the 1st of March, 1907.
The Military Contribution was doubled from 1st January, 1899, and the arrears for 1890 were paid in 1891.