141
i :
377
DESPATCH.
Hongkong
Reed & R
26 Dec 94.
No.
35917
(Subject.)
mor.
No.
the 337
899
have
previous Paper.
1998
Audit Office 20 Dec.
- 4 $750~22083-15006-12-08
subsequent Paper.
79.00.
Estimates 1900
Ord: 35-0799
Submits
I J
Lucas
(Minutes.)
Appropriation
The Estimates for 1900 were practically unaltered in their passage through the Council, & the details therefore require no further criticism beyond those contained in Despatch No. 287909.
The financial position is now as follows:
The Revenue of '99 was estimated (28798) at $3,573,414; it proves (see 2206.) to have amounted to $3,550,000.
The Expenditure of '99 was estimated (28792) at $3,057,000; it proves (see 2206) to have amounted to $3,195,000.
The increase on the Revenue side is somewhat larger than that on the expenditure side, but the great discrepancies between the estimated and actual figures are unsatisfactory; they make us hesitate to place reliance on the Estimates for the current year. We should certainly investigate the reasons for this unforeseen increase in both Revenue and Expenditure.