!
SAVINGRAM
To the Secretary of State for the Colonies.
From the Governor, Hong Kong.
Date.
38
2
Approved
Estimates
1950/51
Proportionate Estimate for 1st nine months
Actual so
far recorded for 1st nine
months
Colonial Secretariat
Commerce & Industry
$1,177,833
1,236,167
883,375 927,125
$
875,100
786,800
Education Department Fire Brigade
5,443,781
4,082,836
1,382,027
1,036,520
H.K. Defence Force
1,741,283
1,305,962
3,382,200 856,900
584,700
Kowloon-Canton Railway
5,007,031
3,755,273
3,997,700
Marine Department
6,169,258
4,626,944
2,726,400
Medical Department
12,668,351
9,501,263
8,579,700
Miscellaneous Services
37,521,500
28,141,125
41,260,300
Pensions
7,870,000
5,902,500
4,841,400
Police Force
15,553,762
11,665,322
10,101,400
Post Office
5,574,456
4,180,842
2,987,800
Prisons Department
4,268,341
3,201,256
2,510,800
Public Debt
Public Works Dept.
Public Works Recurrent
Public Works Non-
5,084,631
3,813,473
2,569,400
5,434,368
4,075,776
3,105,300
16,633,000
12,474,750
8,727,900
Recurrent
29,184,563
21,888,422
12,479,500
Sanitary & Urban Council
7,444,297
5,583,223
4,850,300
Stores Department Subventions
5,564,002
4,173,002
2,127,500
14,326,900
10,745,150
11,709,300
5464
66/1/51
4. The increase in the actual expenditure under the heading Miscellaneous Services is accounted for mainly by the payment of the Defence Contribution which was not allowed for in the Estimated Expenditure.
5. Expenditure against the Rehabilitation loan upto the 31st December, 1950 (including Crown Agents' expenditure up to the 31st October, 1950) amounted to $120,936,315, of which $70,936,315 was met from Surplus Balances. Approval has already been given to charge an amount of approximately $50,000,000 of this expenditure to Expenditure, and arrangements are in hand to give effect to this transfer.
6. Accounts for the period up to the 31st March, 1950, covering Government's trading activities in respect of Essential Commodities were sent to you under cover of my despatch No. 8 of the 27th January, 1951, and included proposals for the setting up of a Development Fund, which by the 31st March is expected to amount to about $50,000,000, and an Essential Commodities Equalization Fund of $30,000,000 to meet possible losses on the realisation of Government stocks of commodities.
7.
Revenue has continued to come in at a very high