Hongkong, 27th August 1866

Governor Sir Richard Graves MacDonnell to The Right Honorable The Earl of Carnarvon.

Approximate statement of the Assets and Liabilities of Hongkong on the 30th June 1866.

Assets:

By Balance in the treasury on 1st July 1865, and receipts to 30th June 1866, – £32,865. 16.

Moneys deposited in Chartered Banks of Hongkong – £99,200.

Remittance to the Crown Agents not yet acknowledged, – £132,068. 16.

Subsidiary Coinage in Circulation, – £196,000.

Advances and other sums to be recovered, – £60,000.

Outstanding Revenue, viz:

Land Revenue; – £10,300.

Taxes, – £4,000.

Other Revenue, – £11,649. 49.

£487,014. 65.

Liabilities of the Colony, on 30th June 1866.

Liabilities:

Deposits not available, – £108,786. 94.

Sum due in England on 30th June 1866, – £150,733. 71.

Expenses of Survey Boat, paid in July 1866, – £5,600.

Probable expenditures by the Govt. Agents, for March Qr. exclusive of Military Contribution and Subsidiary Coinage, – £10,000.

Military Contribution for six months of 1866, – £10,000.

Amount due to General Post Office, – £5,000.

Balance due Crown Agent, as per Account, 30th June 1866, – £16,000.

Cost of Subsidiary Coinage, – £87,300.

£487,014. 65.

Total Liabilities in Excess of Assets was – £878,233. 71.

Liabilities – £878,233. 71.

Assets – £487,014. 65.

Enclosing the Estimates for the year 1867, and asking for confirmation of the Appropriation Ordinance... No 10 of 1866.

Auditor General's Office, Hongkong 6th July 1866.

True Copy.

(Signed) W.H. Brereton, Acting Colonial Secretary.

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