CO129-293 - Governor Sir Blake - 1899 [8-9]

Total Revenue and Expenditure for the last Five Years: 1894-1898 inclusive.

1894.

1895.

1896.

1897.

1898.

Revenue $ 2,287,203.32 $ 2,486,228.89 $ 2,609,878.94 $ 2,686,914.70 $ 2,918,159.24 Expenditure... $ 2,299,096.00 $ 2,972,363.01 $ 2,474,910.37 $ 2,641,409.71 $ 2,841,805.20 Surplus or deficit $ 11,892.68 $ 486,144.12 + $134,968.57 + $45,504.99 $ 76,354.04

HONG KONG,

1898.

COLONIAL REPORTS-ANNUAL

There was in 1898 an additional expenditure of $135,845.85; but this was due to public works extraordinary, and was therefore chargeable against the loan. The amount so expended was $1,984.15 less than had been estimated.

(B.) IMPORTANT CHANGES IN TAXATION,

In deference to the wishes of the shipping community the light dues were in 1898 reduced from 2 cents to 1 cent per ton. This accounts for the difference (amounting to $62,531.26) between the receipts from this source in 1897 and 1898.

(C) ASSETS AND LIABILITIES.

ASSETS. LIABILITIES, Subsidiary coins in transit $ 345,000.00 Drafts drawn by Crown Agents, in transit $ 82,000.00 $ 650,000.00 Military contribution $ 60,570.34 Arrears of taxes $ 21.87 Deposits not available $ 407,080.76 Crown rent $ 40,433.92 Refund of taxes $ 2,500.00 Advances to be recovered $ 48,885.07 Suspense house service Officers' remittances, not yet paid... $ 26,613.00 Money orders, not yet paid $ 5,461.75 Transit charges Pensions due to civil officers police $ 12,881.99 Private drainage works $ 5,900.00 Overdrawn balance... $ 15,900.00 $ 11,000.00 $ 202.36 Total Assets $ 1,089,802.61 $ 251,905.77 Balance of Assets over Liabilities $ 213,358.89 Total Liabilities $ 876,444.22 Less Balance of 1893 Loan $ 123,334.14 Balance $ 90,024.75 Total $ 1,089,802.61 Total $ 213,358.89

COLONIAL REPORTS-ANNUAL.

HONG KONG,

1898.

6

500