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3
garded se
Esurance.
194
In three out of five it appears to range from 22 to
24% and in the remaining two from 47 to 50%.
It is interesting also to see what proportion the
Military charges bear to the amount which a Colony is able
to spend on Public Works, (other than recurrent charges).
In three the amount was about one third of the Military
Expenditure and in one about half and in two about one
seventh, Corresponding figuree for Hongkong are given in
Table 3 and they shew that the amount available for Public
Works, (or passed to Reserve Funds) for the last 5 completed
years has been about equal to the amount paid for Military
Expenditure. This would appear to indicate that Hongkong
secures a very much larger margin for capital expenditure on
public works, such as roads, railways, water-works, build-
ings, etc., many of which are remunerative and that the 20%
paid for defence is favourable as contrasted with those
Colonies which provide their own defence.
The Force and defensive works required for the adequate
protection of Hongkong has been fixed by experts and is
prouumably adequate to ensure the Colony against such war
riske as land forces and defences are designed to guard
against.
The cost of insurance is usually proportionate to f
value of the property insured. In the Colonies to which
allusion has been made, though the cost of insurance proż
bably varies from 22 to 50% of the total Revenue and two-
thirds