A (1) 4
In the Port Development Department savings were effected on all items amounting to $47,375.
Certain of the Port Works Extraordinary originally planned for the year under review were not proceeded with and savings were made on all other items with one exception. The net savings amounting to $773,734.
The Post Office savings totalled $111,311—the main factor being the sum provided for payment of Mail Subsidy $86,500 which was not claimed during the year.
The Kowloon Canton Railway made savings amounting to $346,311 chiefly by deferring special expenditure.
5. The Expenditure for the year exceeded the Revenue by the sum of $5,022,452.
6. The following statement shows the Liabilities and Assets on the 31st December, 1925 :-
LIABILITIES $ C. ASSETS $ C. Deposits not Available 1,154,124 43 Subsidiary Coins 1,003,369 34 Advances 310,919 62 Postal Agencies 16,628 96 Building Loans 1,006,899 99 Imprest 3,785 25 Suspense Account 14,725 21 House Service A/c. 9,906 23 Crown Agents' Deposit Account 33,684 21* Unallocated Stores, (P.W.D.) 432,203 82 Unallocated Stores, (Railway) Coal Account 197,108 85 Investment Account 16,633 34 Lorry Haulage A/c., Balance at Banks 5,624,214 10† Crown Agents' Current Account 645,456 56 21,779 96 Total Liabilities... 1,185,478 60 Balance 8,113,482 68 Total......$ 9,298,961 28 Total.....$ 9,298,961 28£4,000 Os. Od.
* Cash on Deposit......
Invested as follows:-
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