Enclosure No. 3.
ESTIMATE OF SURPLUS BALANCES AT 31ST DECELER. 1928.
Surplus Balance at 1st January, 1928 (see Governor's despatch No.192 of 11th April, 1928)
Add:-
Estimated increase of Revenue during 1928
To be recovered from Loan Account
$1,000,000.00
$3,985,761.00
(expenditure on Shing un Valley
Scheme prior to 1927)
1,943,621.00
2,943,621.00
Deduct:-
Estimated deficit for 1928 vide Estimates
2.079.655.00
Difference:- Estimated surplus
Total Surplus Balance estimated as at 31st December, 1928.
Liquid Balance at 31st December, 1928, Estimated
-
$3,000,000.00
863,966.00
$4,849,727.00
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