i
A
Hong Kong is gething into deep water. Succession of deficits Les exhausted ate thi
Colony's liquid surplus
how be balanced, unless
thi Shing Mun Valley
Forkinatily
good and
Revenue
IL:
1925
exceeded
and the Sudget cannot
A
han is raised for
wali scheme.
result was remarkably
all expectations.
in spite of the bay coli during the latte
half gti year,
Som $1,400,000
exceeded the appt. Est.
by
and Hi revised Est (which
look into account fortuitous dealt duties) by
about $1,000,
000
other Land showed a
$2,000,000.
Expenditure
Othe
12:
continction of nearly
Hena the surples of anci
at the end of the year
ove
-$8 million
$51⁄2 million & anticipated.
instead of $51⁄2 million
But this Lappy
result has seen Siscounted
by the unfortunate experiences of 1926. The Boyesti lasted that Oct to and
This Jeans
officially until
Oct to and an officially kroughout
with Hi noult that revenu
a decream of nearly $2 million on
estimati.
efforts at
Qu
shows
a consavaliv
While expenditure, in spiti f
economy
increase of
deficit of nearly
expected
This surplus is stated BB. locked up. 11: days f
In building
loans made
ove flowing excheque, subsidiary
du
and
othi
realizable
which
arc
immediately
and cannot Kürefore be regarded
as liquid andhi
on the Budget",
Kat thi
do not.
available to meet a
Scficit
it s
Lighly importänt
In these circumstances
1927
Est. should balann. But thig
Afte allowing for the proceeds of
incrcast liquor butis, of incend wati charge
It shipping and of increased charges for the 154,243
に
clan palicats in Good. Hospital, He revenue works
out at ralli hon
1Lan
21 million
と
Slightly tms than the apps Est for 1926, and
more than the revised Est. forigné. about $14 million
The Expensihin Est.
on the other hand, afte
Careful prening and allowing for
and retrenchment, shows
of
about $1 million.
A
$5/1⁄2 million is Iacfore
on the year's working with the noull
that the surfplus balances with be reduced to t
wiktion
Ims than was anticipated
slightly less than was
When the Est for 1926
approved.
whe a
a
nfuction
Hena a
Seficit
ora $2 million
on Public Works Extraminay,
total $22,300,000 off. rallir las than thi
apped Est for 1926 and $2 million loss than The revived Est. for 1926.
000
There are
her KB provided for.
difficulties 55th about incaand
taxation and about curtailment
of $1,307.
expenditure.
7