HONG KONG, 1903.
TOTAL REVENUE and Expenditure for the FIVE Years
1899-1903.
Revenue Expenditure Surplus Deficit 1899. $3,610,143.25 4,213,893.22 603,749.97 1900. 4,202,587.40 4,901,073.70 698,486.30 1901. 5,238,857.88 8,162,792.36 2,923,934.48 1902. 3,628,447.13 4,111,722.49 483,275.36 1903. 5,909,548.51 5,396,669.48 512,879.03Page 3
(B.) ASSETS AND LIABILITIES.
At the end of the year 1903, the assets of the Colony amounted to $609,950.40, exclusive of arrears of revenue which with the sum just mentioned bring the total assets up to $731,218.40 The total liabilities were $672,661.86, so that the surplus of assets over liabilities amounted to $58,556.54.
(C.) PUBLIC DEBT.
There is a public debt of £341,799 15s. 1d. outstanding. The original debt was incurred in connection with the Praya Reclamation, the Central Market, and Water, Drainage and Sewerage Works.
Interest at 3 per cent is payable on the loan, which is being paid off by a Sinking Fund.
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