Presented to the Legislative Council, by Command of His Excellency the Governor.
There have been no changes under this head.
C. O. 20278
The Revenue amounted to $2,582,723.81, or excluding premiums from Land Sales to $1,557,300.03; and the Expenditure amounted to $1,992,329.67, including Extraordinary Works; excluding these, to $1,461,459.64.
The Revenue and Expenditure for the past five years have been:
| Year | Revenue | Premiums from Land | Ordinary Expenditure | Extraordinary Expenditure, including Defensive Works |
|---|---|---|---|---|
| 1884 | $1,173,071.48 | $340,763.62 | $1,254,634.77 | $19,695.00 |
| 1885 | $1,251,889.70 | ... | $1,146,103.15 | $475,147.24 |
| 1886 | $1,367,977.74 | $84,731.59 | $1,195,236.81 | $825,624.84 |
| 1887 | $1,427,485.79 | $155,238.02 | $1,278,181.68 | $744,820.38 |
| 1888 | $1,557,300.03 | $160,688.64 | $1,461,459.64 | $530,870.03 |
The Chinese inhabitants contributed in 1888, by voluntary assessment among themselves, to the pay of the District Watchmen, and received from the Government a grant-in-aid of $4,094.78 and $2,000.00.
On the 31st December, 1888, the assets of the Colony exceeded its liabilities by $360,619.76. (a) The surplus assets in:
No new loan has been raised.
(a) A loan of £200,000 having been raised during 1887 to be paid off on the 1st of March, 1967. To provide for the repayment of this a Sinking Fund of £7,072 was established.
The Military Expenditure (inclusive of the Volunteer Corps) defrayed by the Colony during the last five years has been as follows:
| Year | Military Contribution, exclusive of Defensive Works, and inclusive of Volunteer Corps | Defensive Works |
|---|---|---|
| 1884 | $114,498.78 | $3,464.64 |
| 1885 | $117,337.00 | $72,564.45 |
| 1886 | $124,561.68 | $217,901.45 |
| 1887 | $128,815.63 | $258,444.28 |
| 1888 | $134,594.68 | $62,115.90 |
No. 199
19
HONGKONG.
REPORT ON THE BLUE BOOK AND DEPARTMENTAL REPORTS FOR 1888.
Presented to the Legislative Council, by Command of His Excellency the Governor.
1.--TAXATION.
There have been no changes under this bead.
2.-REVENUE AND EXPENDITURE.
C. O.
20278
The Revenue amounted to $2,582,723.81, or excluding premiums from Land Sales to $1,557,300.03; nd the Expenditure amounted to $1,992,329.67, including Extraordinary Works; excluding these, o $1,461,459.64.
The Revenue and Expenditure for the past five years have been:-
Year.
Revenue,
Extraordinary Expenditure, including
Defensive Works.
Premiums from Land,
Ordinary
Expenditure.
1884,....................$1,173,071.48
$19,695.00
$1,254,634.77
$340,763.62
1885.......... 1,251,889.70
1886,....................... 1,367,977.74
66,658,50
1.146.103.15
475,147.24
84,731,59
1,195,236.81
825,624.84
1587,........ 1,427,485.79
155,238.02
1,278,181.68
744,820.38
1888,......... 1,557,300.03
160.688.64
1,461.459.64
530,870.03
3. LOCAL Revenues.
The Chinese inhabitants contributel in 1888, by voluntary assessment among them- dres, to the pay of the District Watchmen,
and received from the Government a grant-in-aid of.......
4. ASSETS AND LIABILITIES.
.$4.094.78 2,000.00
On the 31st December, 1888, the assets of the Colony exceeded its liabilities by...$360,619.76 (a) The surplus assets in:-
1884, were 1885,
*
In 1886, the liabilities exceeded the assets by In 1887, the surplus assets were ...............
$ 729,562.02 ......$ 127,692.42
$ 191,512.29
..$ 631,374.08 (a)
No new loan has been raised.
5.-PUBLIC DEBT.
6. MILITARY EXPENDITURE.
The Military Expenditure (inclusive of the Volunteer Corps) defrayed by the Colony during the ast five years has been as follows:-
Military Contribution, exclusive of
1884,..****
1885,......
1886,.... 1887.
1888,..
Defensive Works, and inclusive of Volunteer Corps,
$114,498.78
$117,337.00
$124,561.6S
..$128,815.63
$134,594.68
Defensive Works.
$ 3,464.64 $ 72,564.45 $217,901.45 $258,444.28
$ 62,115.90
(4) A loan of £200,000 having been raised daring 1687 to le paid off on the 1st of March, 1967. To provide for the repayment of this
a tinking Fund of £7,072 was established.
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