170
Hong Kong Annual Administration Reports, 1841-1941
COLONIAL REPORTS—ANNUAL.
The expenditure of the year was more than the estimate by $44,429.
The year's working resulted in a surplus of $53,655 instead of the anticipated deficit of $42,745.
The following table shows the total revenue and expenditure for the five years 1906-10:
Revenue* Expenditure* Surplus Deficit 1906 $7,035,011 $6,832,610 $202,401 1907 $6,602,280 $5,757,203 $845,077 1908 $6,104,207 $6,573,341 $469,134 1909 $6,822,967 $6,542,839 $280,128 1910 $6,960,869 $6,907,113 $53,756* Railway Account Disbursements and Reimbursements omitted.
(b.) COLONIAL CONTRIBUTION FOR DEFENCE.
The Colony contributed $1,372,486 (being the statutory contribution of 20 per cent. of the estimated revenue for 1910, together with $46,629 arrears on account of under-estimate in 1909), towards the cost of the maintenance of military forces in the Colony, including barrack services and defence works.
(c.) ASSETS AND LIABILITIES.
At the end of the year 1910, the assets of the Colony amounted to $6,551,129. The total liabilities were $5,144,204, so that the balance of assets over liabilities amounted to $1,406,925.
(d.) PUBLIC DEBT.
A loan consisting of inscribed stock at 3 per cent. interest, £341,799, was incurred in 1893 for Praya Reclamation, Central Market, Water, Drainage, and Sewerage Works, &c., to be paid off on 15th April, 1943.
A second loan, consisting of inscribed stock £1,143,933 at 3 per cent., was raised in 1906 to cover a loan to the Viceroy of Wuchang of £1,100,000. The Viceroy, in accordance with the terms of the loan, had up to the end of 1910 repaid £550,000, which was placed to the credit of a special account for construction of the British section of the Kowloon-Canton Railway.
The contributions paid into the Joint Sinking Fund, with accrued interest from investments thereof, came to £98,892 4s. 1d. on the 31st of December, 1910, but the value of the fund, according to market prices, was £97,759 6s. 10d.