the
ne
I instead of
beginning of
there
wav
only
p. 1 of end. 7)
ve venue
being
this
for this.
a
ني
surplus at the
year of $470,000 eusplies of $67000 (see
the revised estimate of
exceeds the omgl.
yr.
¥ not
est. by $250,000 ×
therefore stars next
nơi
$300,000.
We
yr.
with an estimated
see p. 2 of end.
deficit of over $280,000 | see p. 2
received
AR
learn
from 425778 43246 that they require
Since these bats.
Atheme.
to spend an
the
additional $150,000 Sytam Waterworks
on
This wd conve.M
the small extimated surplus
transactions into
ง
4
on next year's deficit of about $75,000
our proposal to increase the for's salary
fr. £5000 to £6000 will mean
$12,000, raising
an extra
the deficit to near
under
£350,000
or
revenue
2
3
about the present
572
According to Mr Chadwick's report
on herewith
spent
0.
Hongkong has already
waterworks construction, over
LK
£ 400,000
Y
he is unable
to estimate
xpendre will be
required,
but the last par
rather
are
alrea
in
eady
Kowloon v
on the island
how much
hints at another £400,000
have in hand two big schemes ling
to at least $3,000,000 there will certainly be more
however the to follow existing waterworks can be met from loan
unrrent revenue
& the rest from
مد
Da
only
in part
£200080,
I nd, not san
votion
a loan of
more ther
as
there
cho
ཡི ཝི 2མན།
why
sha
This
rly $96,850.
cannot
the
be allowed
with an
year
is
on
mounting
This deficit clearly
starting
view of
excess of liabilities over assets am
over
$280,000
ave
But in par 11 of deep on 4858 promised to consider again in connection with the 1904 bets, whether we barrow for the purpose of the la
Escheme.
that
A.IN
V
I have come
might not
large
Waterworks to the conclusion
be justified in sanctioning £200,000 for this purpose
tean of say
provided the
assessed taxes are
to meet the interest to
Ozz
increased
the loan.
The present Hongkong debt is just
* L (x) -50654--3000-12-01
54040-3000-3-02
Cayern de
continue to meet part of the cost.
our recent policy.
the lines of
beylon of borrowing only half the amount required for Railway & Irrigation schemes I think it will be best to say the loan and expressly be devoted so
for
go.
all it will wate aworks scherne scheme. (items 35 & 358
to the Kowloon & the Gyt.
39
that
Tytam
Yuk
on p. 59 of bats)
subsidiary wall works
leaving smaller & an
cam
to be paid for out of current revenu This will relieve the present bots. of expendre. of
£356,880 & if we also allow the
already spent on
these two