The following Table shows the total revenue and expenditure for the five years 1905-1909 :--
1905 1906 1907 1908 1909 Revenue $6,918,404 $7,035,011 $6,602,280 $6,104,207 $6,822,967 Expenditure $6,951,275 $6,832,610 $5,757,203 $6,573,341 $6,542,839 Surplus $845,077 $280,128 Deficit $32,871 $202,401 $469,134* Railway Account Disbursements and Re-imbursements omitted.
(b.)-COLONIAL CONTRIBUTION.
The Colony contributed $1,226,441 (being the statutory contribution of 20% of the Estimated Revenue for 1909 together with the ascertained excess of Revenue over the Estimates on account of 1908), towards the cost of the maintenance of Military Forces in the Colony including Barrack Services and Defence Works.
(c.)-ASSETS AND LIABILITIES.
At the end of the year 1909, the assets of the Colony amounted to $615,438. The total liabilities were $264,340 so that the balance of assets over liabilities amounted to $351,098. The sum to be reimbursed by Railway Construction Account was on 31st December $1,002,071 which added to balance above makes the Balance of Assets in General Account up to $1,353,169 a sum greater than in December, 1908, by the surplus Revenue in 1909, viz., $280,128.
(d.)-PUBLIC DEBT.
A Loan consisting of Inscribed Stock at 3¼% interest, £341,799 was incurred in 1893 for Praya Reclamation; Central Market; Water, Drainage and Sewerage Works, &c., to be paid off on 15th April, 1943.
A second Loan consisting of Inscribed Stock £1,143,933 at 3¼ per cent. was raised in 1906 to cover a Loan to the Viceroy of Wuchang of £1,100,000. The Viceroy in accordance with the terms of the Loan had up to the end of 1909 repaid £440,000 which was placed to the credit of a special account for construction of the British Section of the Kowloon-Canton Railway.
The contributions paid into the Joint Sinking Fund, with accrued interest from investments thereof, came to £86,980. 2s. 5d. on the 31st of December, 1909, but the value of the fund, according to market prices, was £86,577. 7s. 1d.
2
The following Table shows the total revenue and expenditure for the five
years
1905-1909 :--
Revenue, Expenditure,
Surplus,
Deficit,
1905.
1906,
1907.
1908.
1909.
$
$
$
$
6,918,404 | 7,035,011|6,602,280 6,104,207|6,822,967 6,951,275|6,832,610 5,757,203|6,573,341|6,542,839
202,401 845,077
280,128
32,871
469,134
* Railway Account Disbursements and Re-imbursements omitted.
(b.)-COLONIAL CONTRIBUTION.
The Colony contributed $1,226,441 (being the statutory contri- bution of 20% of the Estimated Revenue for 1909 together with the ascertained excess of Revenue over the Estimates on account of 1908), towards the cost of the maintenance of Military Forces in the Colony including Barrack Services and Defence Works.
(c.)-ASSETS AND LIABILITIES.
At the end of the year 1909, the assets of the Colony amounted $615,438. The total liabilities were $264,340 so that the balance of assets over liabilities amounted to $351,098. The sum to be re- imbursed by Railway Construction Account was on 31st December $1,002,071 which added to balance above makes the Balance of Assets in General Account up to $1,353,169 a sum greater than in Decem- ber, 1908, by the surplus Revenue in 1909, viz., $280,128.
(d.)-PUBLIC Debt.
A Loan consisting of Inscribed Stock at 34% interest, £341,799 was incurred in 1893 for Praya Reclamation; Central Market; Water, Drainage and Sewerage Works, &c., to be paid off on 15th April, 1943.
A second Loan consisting of Inscribed Stock £1,143,933 at 34 per cent. was raised in 1906 to cover a Loan to the Viceroy of Wuchang of £1,100,000. The Viceroy in accordance with the terms of the Loan had up to the end of 1909 repaid £440,000 which was placed to the credit of a special account for construction of the British Section of the Kowloon-Canton Railway.
The contributions paid into the Joint Sinking Fund, with accrued interest from investments thereof, came to £86,980. 2s. 5d. on the 31st of December, 1909, but the value of the fund, according to market prices, was £86,577. 78. Id.
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