78
4
Hong Kong Annual Administration Reports, 1841-1941
COLONIAL REPORTS. -ANNUAL.
The revenue and expenditure for the past five years have been:-
Year. Revenue. Extraordinary Premia from Land. Ordinary Expenditure, including Defensive Works. Expenditure. 1886 $C. 1,367,977 74 $C. 34,731 59 $C. 1,195,236 81 $C. 825,624 84 1887 1,427,485 79 155,238 02 1,278,181 68 744,820 38 1888 1,557,300 03 160,688 64 1,461,459 64 530,870 03 1889 1,823,549 13 154,725 60 1,459,167 16 374,551 63 1890 1,995,220 47 16,638 80 1,517,843 05 397,507 423.-LOCAL REVENUES.
The Chinese inhabitants contributed in 1890, by voluntary assessment among themselves, to the pay of the district watchmen $7,266.32, and received from the Government for the same object a grant-in-aid of $1,500.00.
4.-ASSETS AND LIABILITIES.
On the 31st December 1890 the assets of the Colony exceeded its liabilities by $399,732.25.
The surplus assets in:-
1885 were $C. 427,692 42 1886 the liabilities exceeded the assets by 191,512 29 1887 the surplus assets were 631,374 08 1888 360,649 76 1889 505,109 875.-PUBLIC DEBT.
No new loan has been raised.
Amount of present loan, 200,000l. Amount of sinking fund, 24,752l.
* A loan of 200,000l. having been raised during 1887 to be paid off on the 1st of March 1907.
Page 85
Page 86