# Hong Kong Annual Administration Reports, 1841-1941
# COLONIAL REPORTS-ANNUAL.
# REPORT ON THE BLUE BOOK FOR 1911.
## I-FINANCES.
In 1911 the revenue amounted to $7,497,231, exceeding the estimate by $410,848, while the expenditure amounted to $7,077,177, or $308,143 less than the estimate. Thus the balance for the year's working was $420,054, bringing the balance of assets and liabilities up to $1,826,979 in the Colony's favour.
The total capital expenditure on the British section of the Kowloon-Canton Railway amounted on the 31st December, 1910, to a sum of $11,884,427.76, and a further sum of $137,075.01 was added to the capital expenditure during 1911, making a total expenditure of $12,021,502.77 down to the end of last year. Additional expenditure will be necessary during 1912 for the construction of a terminal station and for the resumption of land on which to build it. The payments made up to the end of 1911 have more than exhausted the existing Railway Loan, and it is probable, therefore, that in 1912 a further loan will have to be raised.
The amount of the Consolidated Loan (Inscribed Stock Loans of 1893 and 1906) stands at £1,485,732, and in addition at the end of the year the advances by the Crown Agents for railway construction amounted to £340,000. Against these items, however, should be placed the sum at credit of the Sinking Fund, viz., £118,267, and the sum of £440,000, being the unpaid balance of the loan to the late Viceroy at Wuchang.
## II.-TRADE AND SHIPPING, INDUSTRIES, FISHERIES, AGRICULTURE, AND LAND.
(a.) SHIPPING AND TRADE.
The total of the shipping entering and clearing at ports in the Colony during the year 1911 amounted to 543,570 vessels of 36,179,153 tons, which, compared with figures for 1910, shows a decrease in numbers of 3,594 vessels, with a decrease of 355,209 tons.
Of the above, 44,978 vessels of 23,063,108 tons were engaged in foreign trade, as against 40,714 of 23,160,256 tons in 1910, and were distributed as follows:
1911 1910 1911 1910 Numbers Numbers Tonnage Tonnage Per cent. Per cent. Per cent. Per cent. British ocean-going ships represented 8.7 10.5 32.9 35.0 Foreign ocean-going ships represented 9.3 10.6 34.3 35.0 British river steamers represented 15.3 16.0 17.8 17.3Page 205
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