Dr.

ASSETS AND LIABILITIES ON 31ST DECEMBER, 1919, AND 31ST DECEMBER, 1920.

(ESTIMATED),

1919.

Revenue, Expenditure,

.$16,524,974.90 17,915,925,36

Revenue,. Expenditure,

1920.

$ 14,177,478.00 13,768,830.00

Deficit,..

1,390,950,46

Balance of Assets, (1918),

5,681,138.36

Balance of Assets, (1919),

408,648.00 4,290,187.00

Balance of Assets, (1919), $ 4,290,187.90

Balance of Assets, (1920),

1,698,835.00

War Loan Stock Issue

of 1916 at 6%.

In-

terest to be paid off

ou the 1st Decem- ber, 1928,

Inscribed Stock Issues of 1893 and 1906 at

3%. Interest to be paid off on the 15th April, 1943,

LOAN ACCOUNT,

1919.

1920.

Cr.

1919.

1920 (Estimated).

$3,000,000

$3,000,000

Sinking Fund,

$212,000 and

£83,300 Stg.

$424,720 and

£84,700 Stg.

£1,485,732. 16. 5 £1,485,732. 16, 5| Sinking Fund,. £310,221. 14. 5.

£338,500, 0, 0.

HONGKONG, 21st October, 1920.

D. W. TRATMAN,

Treasurer.

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