46
7. The Assets and Liabilities of the Colony on the 31st December, 1934, are shown in the following statement:-
LIABILITIES. ASSETS. $ $ DEPOSITS: ADVANCES:- Officers Deposits.. 521,085.50 Contractors and Purchase of three Locomotives for Kowloon Canton Railway. 147,468.26 Suitors Fund 43,638.29 Miscellaneous ....... 237,642.32 Insurance Companies 1,762,946.51 Building Loans.. 738,250.94 Miscellaneous Deposits 2,176,481.29 Imprest Account 9,476.27 House Service Account 23,614.27 Subsidiary Coin 1,261,981.10 Government House and City Development Fund 553,500.50 Trade Loan Outstanding 1,218,741.28 Unallocated Stores, (P.W.D.) 573,052.47 Suspense Account ..... 975,589.24 Unallocated Stores, (Railway) 170,372.02 Exchange Adjustment 28,038.16 Dollar Loan Account... 217,067.30 Trade Loan Reserve.. 1,073,017.94 Cash Balance:-- Crown Agents 15,762.01 Praya East Reclamation 112,175.27 Treasurer 2,334,087.55 Coal Account 2,092.09 *Joint Colonial Fund 2,913,103.46 Fixed Deposits:- General $8,800,000.00 Insurance Companies 1,762,946.51 Miscellaneous 451,464.37 Total Liabilities.. 7,937,419.84 Excess of Assets over Liabilities.... 12,248,755.24 Total......... $20,186,175.08 Total......... $20,186,175.08*Joint Colonial Fund £242,000. 0s. 0d.
8. Main Heads of Taxation.—The largest item of revenue is derived from the assessment tax, the sum of $6,603,229 being collected in 1934. This represents 22.32% of the total revenue