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.