{
3)
1923
+In view of violent,
fluctuations in the dollar exchange it is not possible to give sterling equivalents for
The following is a statement of Revenue
and Expenditure for the last six years:
Revenue.
Expenditure.
$24,783,673
$21,571,905
the sums mentioned 1924
$24,209,640
$26,726,428
in this memoran-
dum. It may,
1925
$23,244,365
$28,266,817
however, be taken
that the average
1926
$21,131,582
$23,524,716.
1927
$21,344,536
$24,968, 399
36
value of the dollar in the last 2 or 3 years is approximately 2/-, and that the sterling equiva- lent would be on this basis one- tenth of the dollar figures.
1928
$20,845,065
$21, 230, 242.
It should be pointed out that the public finances of
the Colony have been very seriously affected in recent
years by the prolonged period of trade disturbance in
the neighbouring provinces of China.
Public debt outstanding at the end of 1928
was as follows:-
£240,000 at 4% incurred in 1887 (Public Works).
£200,000 at 34%
##
£1,799 at 3%
#
£1,143,933 at 31%
"
1893 (ditto }
"1894 (to defray loan
conversion costs)
$4,927,000 at 6%
11
11
H 1906 (loan to Chinese
Provincial Govern- ment for Railway Construction.)
1927 (Public Works).
The total amount of sterling debt outstanding at the close of 1928 was £1,485,732; the sinking fund on the same date amounted to £631,050.
The balance of surplus assets in recent years
has been as follows:-
Zoomori
7
31.12.25
31.12.26
$8,113, 482
$3,486,290
(Figures beken
from Estimates-file)
31.12.27
$3,985,761
31.12.28
$8,091,633
(of which $6,604, 345
represented liquid assets)
Description