A (1) 2
Miscellaneous expenditure exceeded the estimate by $1,099,859 mainly due to:-
University, ...
Transport of Government Servants...
Visit of H. R. H. Prince of Wales
Expenses of Strike
Food Control Expenses
Loss on Subsidiary coins
...
$ 200,000.00 119,891.97
127,105.10 59,394.37 55,371.98 393,818.26
$ 955,581.68
Military Expenditure exceeded the estimate by $355,260 due to increase in revenue.
The Education Department decreased $116,202 on account of unpaid Building Grant and other savings while Public Works Extraordinary saved $3,035,665 because the programme of works placed in the Estimates was not carried out,
5. The revenue for the year exceeded the expenditure by a sum of $3,728,062.
6. The following statement shows the Liabilities and Assets on the 31st December, 1922 :-
LIABILITIES.
$
ASSETS.
$
C.
Deposits not Available, 957,097.15 Subsidiary Coins, 1,825,393.47
Advances, 252,092.46
Postal Agencies,.. 35,636.42
Building Loans, 966,700.00
Imprest. 3,497.55
Shipping Control Ac., 2,231,204.11
House Service Ac., 7,715.94
Crown Agents' De-
Suspense Account... 1,194.00 posit Account, (P. W. D.),.... 5,689,423.99
Unallocated Stores, 482,762.16
Unallocated Stores, (Railway), 234,500.02
Coal Account, 43,087.20
Investment Account, 5,752,496.18*
Balance at Banks, 603,279.16
Crown Agents' Current Account, 22,835.96
Total Liabilities,... 3,225,131.68
; Balance, 12,658,642.41
Total...... 15,883,774.09
Total,...... 15,883,774.09
*Invested as follows:-
Value of Stock. Actual Cost. Market Value.
Hongkong 6% War Loan, 1921-23, ...$120,000.00 4% Funding Loan, $120,000.00 $120,000.00 1960-1990, ........... £835,000 0s. 0d. £662,991 14s. 9d. £722,275 0s. 0d. (864)