41
7. The Assets and Liabilities of the Colony on the 31st December, 1933, are shown in the following statement:—
LIABILITIES. ASSETS. $ c. $ c. DEPOSITS: ADVANCES :- Contractors and Officers Deposits 487,200.00 On account of Future Loan Purchase of three Locomotives for Kowloon Canton Railway 2,268,353.78 Suitors Fund 587,617.30 Miscellaneous 267,468.26 Miscellaneous Deposits.... 79,401.82 Insurance Companies Building Loans 723,310.04 Imprest Account.. 7,218.15 Subsidiary Coin 1,415,597.95 Suspense Account .... 967,147.31 Crown Agents Remittances. 19,959.40 Exchange Adjustment 136,808.00 Investments:- Trade Loan Reserve... 1,070,609.68 Surplus Funds 1,610,714.23 Trade Loan Outstanding 574,500.50 Praya East Reclamation 112,808.45 Unallocated Stores, House Service Account (P.W.D.)....... 486,713.30 Unallocated Stores, Government House & (Railway).............. 187,916.81 City Development Fund Coal Account 10,478.98 Total Liabilities... 8,771,011.30 Cash Balance: * Joint Crown Agents.. 1,227,666.28 Treasurer... 40,792.68 Colonial Fund....... 3,574,679.79 Fixed Deposits:~ General ... ($2,080,000.00) 2,241,189.57 Insurance Companies 1,900,700.00 Miscellaneous 450,000.00 4,430,700.00 Excess of Assets over Liabilities 13,823,625.33 Total .... $ 22,594,636.63 Total ... $ 22,591,636.63*Joint Colonial Fund £157,000.,Os.Od.
8. Main Heads of Taxation.-The largest item of revenue is derived from the assessment tax, the sum of $6,434,969 being collected in 1933. This represents 20.05% of the total revenue or 20.67% of the revenue exclusive of land sales. The rates vary