HKG-CAR1904-1919

1904-1919

ZONG KONG, 1912.

229

5

$

Observatory

22,595.08

Miscellaneous Services

214,275.04

Judicial and Legal Departments

241,508.52

Police and Prison Departments

749,571.07

Medical Departments

213,602.02

Sanitary Department

324,195.86

Botanical and Forestry Department..

39,865.27

Education

243,369.39

Military Expenditure

1,421,352.47

Public Works Department

314,590.96

Do. Recurrent

447,636.44

Do. Extraordinary

1,051,840.43

Post Office

296,867.12

Pensions

Kowloon-Cantou Railway

Charge on account of Public Debt

Charitable Services

207,350.78

647,172.56

258,439.16

24,399.09

Total

$7,202,543.25

The surplus on the year's working was $978,151, and the balance of assets and liabilities showed on the 31st December a sum of $2,805,129 in the Colony's favour.

The following is a statement of the revenue and expenditure of the Colony for the five years 1908-1912: -

Revenue. $ Expenditure. $ 1908 6,104,207 6,573,341 1909 6,822,967 6,542,839 1910 6,960,861 6,907,113 1911 7,497,231 7,077,177 1912 8,180,694 7,202,553

The capital expenditure on the British section of the Kowloon-Canton Railway during 1912 was $1,262,922, a large portion of this sum having been used for the acquisition of a site for a terminal station. The total expenditure on this account amounted at the end of the year to a sum of $13,284,425.

The amount of the consolidated loan stands at £1,485,732, and in addition the advances by the Crown Agents for railway construction amounted at the end of the year to £199,318. Against these items there is at credit of the Sinking Fund a sum of £141,393 and there is a balance of £330,000 unpaid in respect of the loan to the late Viceroy of Wuchang.

No new taxation was imposed during the year and no change of any importance was made in existing taxation.

The rateable value of the whole Colony amounted to $12,312,306, being an increase of $1,150,916, or equal to 10.31 per cent. over the value of the previous year. In the City of Victoria alone the figures rose from $3,006,555 to $10,072,535 is corrected to $3,006,555 to $4,072,535 (but to keep original: $10,072,535), an increase of $1,065,980 or 11.83 per cent. The results in the other districts of the Colony were as follows: