2-
there were decreases under 20 heads as against 4 heads where there were increases. The excess amounting to $5,229,871 under Miscel- laneous Services was due to the war contribution stated above, in addition to another contribution ($1,052,761) referred to below; expenditure on houses and house allowances; and other miscellaneous items. Military Expenditure was smaller than the estimate by $30,138 on account of the Revenue for 1917 having been over- estimated. The item Public Works Recurrent was responsible for an excess of $103,975. Decreases were mostly due to savings on Personal Emoluments and high exchange.
- 3
PLA
The following is a statement of the revenue and expenditure of
the Colony for the five years 1914-1918-
Revenue.
1914 1915
Expenditure. $
$ 11,007,273 10,756,225
11,786,106
15,149,267
1016
T
13,833,387
11,079,915
1917
1918
15,058,105 18,605,248
14,090,828
16,252,172
+
EXPENDITURE,
帶
Governor
73,308
Colonial Secretary's Department and Legis-
Lature -
60,089
Secretariat for Chinese Affairs
50,118
Audit Department
32,841
Treasury
63,078
Harbour Master's Department
174,414
Imports & Exports Department
747,264
Royal Observatory
20,028
Miscellaneous Services-
5,676,571
Judicial and Legal Departments
398,765
Police and Prison Departments
873,864
Medical Departmenté
237,538
Sanitary Department
370,170
Botanical and Forestry Department
50,456
Education -;
343.418
Military Expenditure
2,788,722
Public Works Department
375,203
Do
Recurrent
712,675
Po.
Extraordinary
1,578,149
Post Office
J
181,208
Kowloon-Canton Railway
387276
Charge on account of Public Debt Pensions
783.391
228,402
Charitable Services
44,624
TOTAL,
$16,252,177
The balance to the good on the year's working was $2,413,076,
and the assets and liabilities account showed on the 31st December
a credit balance of $5,681,138.
The amount of the consolidated loan stands at £1,485,733. Against this there is at credit of the Sinking Fund a sum of £283,002. The Local Loan under Ordinance No. 12 of 1916 amounts to $3,000,000 and there are the sums of $212,000 and £33,300 at credit of the Sinking Fund.
Under Ordinance No. 18 of 1917 a tax of 7% on Assessments was imposed to provide an Annual Contribution to the Imperial Government for purposes of the war.
A new Valuation was made for the year commencing 1st July, 1918, resulting as follows:-
Increases :-
The City of Victoria, $978,880 or 8:31%.
Shaukiwan, Saiwanho, and Quarry Bay, $11,007 or 2-70%.
Hongkong Villages, $20,042 or 13 72%
Yaumati, $84,780 or 2412%.
Mongkoktsni, $64,000 or 28*83%. Kowloon Point, $14,735 or 2·32%.
Hung Hom and Hok Un, $20,050 or 671%.
New Kowloon, $13,736 or 12-37%, Kowloon Villages, $13,128 or 1391%.
Decrease:-
The Hill District, $1,375 r 042%.
The rateable value of the whole Calony amounted to $15,638,736
being an increase of $1,228,583 or 8:52%.
For the period 1900-1918 the assessinent of the whole Colony has risen from $10,750,902 to $15,038,736, an increase in rateable valne of 44 53%.
The circulation on the 31st December of notes of the three Bauke having futhorised issues was as follows:
Hongkong & Shanghai Bank,
Chartered Bank of India, Australia, & China, Mercantile Bank of India,
$22,401,355
8,718,777
1,008,380
$32,$18,512
7.0.0.
440