The following Table shows the total revenue and expenditure for the five years 1906-1910 :
1906 1907 1908 1909 1910 Revenue, $7,035,011 $6,602,280 $6,104,207 $6,822,967 $6,960,869 Expenditure, $6,832,610 $5,757,203 $6,573,341 $6,542,839 $6,907,113 Surplus, $202,401 $815,077 Deficit, $280,128 $469,134 $53,756* Railway Account Disbursements and Re-imbursements omitted.
(b.)-COLONIAL CONTRIBUTION FOR DEFENCE.
The Colony contributed $1,372,486 (being the statutory contribution of 20% of the Estimated Revenue for 1910 together with $46,629 arrears on account of under-estimate in 1909), 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 1910, the assets of the Colony amounted to $6,551,129. The total liabilities were $5,144,204, so that the balance of assets over liabilities amounted to $1,406,925.
(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 3½ 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 1910 repaid £550,000 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 £98,892. 4s. 1d. on the 31st of December, 1910, but the value of the fund, according to market prices, was £97,759. 6s. 10d.
The following Table shows the total revenue and expenditure for the five years 1906-1910 :---
Revenue,
Expenditure,
Surplus,
'Deficit,
1906.
1907.
1908.
1909.
1910.
$
$
8 7,035,011 6,602,280 6,104,207 6,822,967 | 6,960,869 6,832,610 5,757,203|6,573,341|6,542,839 | 6,907,113
$
202,401 815,077
280,128
469,134
53,756
* Railway Account Disbursements and Re-imbursements omitted.
(b.)-COLONIAL CONTRIBUTION FOR DEFENCE.
The Colony contributed $1,372,486 (being the statutory contri- bution of 20% of the Estimated Revenue for 1910 together with $46,629 arrears on account of under-estimate in 1909), 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 1910, the assets of the Colony amounted to $6,551,129. The total liabilities were $5,144,204, so that the balance of assets over liabilities amounted to $1,406,925.
(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 31 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 1910 repaid £550,000 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 £98,892. 4s. 1d. on the 31st of December, 1910, but the value of the fund, according to market prices, was £97,759. 6s. 10d.
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