A (1) 3
9. The following table shows the Revenue and Expenditure during the last five years:-
1910 1911 1912 1913 1914 Revenue $6,960,869 $7,497,231 $8,180,691 $8,512,308.84 $11,007,273.09 Expenditure $6,907,113 $7,077,177 $7,202,543 $8,658,012.93 $10,756,224.82 Surplus $58,756 $420,054 Deficit $145,704.09 $251,048.27PUBLIC DEBT.
10. The Inscribed Stock Loans of 1893 and 1906 amount to £1,485,732 and the contributions to the Sinking Fund with accrued interest total £186,294 being £22,106 more than the amount at credit of that fund at the end of 1913. The market value of the fund's investments on the 31st December was unascertainable as no report of prices has reached this Department.
Of the loan of £1,100,000 to the late Viceroy of Wuchang £971,520 have been repaid and advanced to Railway Construction Account (the arrears on account of 1914 have since been received).
KOWLOON-CANTON RAILWAY.
11. The expenditure on Railway Construction amounted at the end of the year to $14,095,660, that during the year being $574,429, chiefly in connection with the erection of a terminal station. The funds for this expenditure have been obtained by the advance of £971,520 from the Wuchang Loan, by advances from the Crown Agents in the sum of £109,404 and by advances from general account.
GENERAL REMARKS.
12. The only alteration of importance during 1914 in the revenue system was the abolition of the Opium Farm, substituted by direct Government control.
13. The total receipts and payments accounted for by the Treasury during the year were $24,970,000 and $25,666,000 respectively, compared with $15,813,800 and $15,542,520 in 1913. The figures not accounted for under revenue and expenditure relate to transactions under various heads such as Deposits, Advances, and Railway Construction.
14. Subsidiary coins in stock and in transit to London for redemption purposes on the 31st December was of the face value of $989,863.08 as follows:-
$ 50 cents 4,285.00 20 cents 62,763.20 10 cents 886,634.70 5 cents 5,530.80 Copper 30,649.38 $989,863.08A (1) 3
9. The following table shows the Revenue and Expenditure during the last five years:-
1910.
1911.
1912.
1913.
$
$
$
$
1914.
$
Revenue, 6,960,869 7,497,231 8,180,691 8,512,308.84 11,007,273.09 Expenditure, 6,907,113 7,077,177 7,202,543 8,658,012.93 10,756,224.82 Surplus,...... 58,756 420,054 978,151
Deficit,
PUBLIC DEBT.
145,704.09
251,048.27
10. The Inscribed Stock Loans of 1893 and 1906 amount to £1,485,732 and the contributions to the Sinking Fund with accrued interest total £186,294 being £22,106 more than the amount at credit of that fund at the end of 1913. The market value of the fund's investments on the 31st December was unas- certainable as no report of prices has reached this Department.
Of the loan of £1,100,000 to the late Viceroy of Wuchang £971,520 have been repaid and advanced to Railway Construction Account (the arrears on
on account of 1914 have since been received).
KOWLOON-CANTON RAILWAY.
11. The expenditure on Railway Construction amounted at the end of the year to $14,095,660, that during the year being $574,429, chiefly in connection with the erection of a terminal station. The funds for this expenditure have been obtained by the advance of £971,520 from the Wuchang Loan, by advances from the Crown Agents in the sum of £109,404 and by advances from general account.
GENERAL REMARKS.
12. The only alteration of importance during 1914 in the revenue system was the abolition of the Opium Farm, substituted by direct Government control.
13. The total receipts and payments accounted for by the Treasury during the year were $24,970,000 and $25,666,000 re- spectively, compared with $15,813,800 and $15,542,520 in 1913. The figures not accounted for under revenue and expenditure relate to transactions under various heads such as Deposits, Advances, and Railway Construction.
14. Subsidiary coins in stock and in transit to London for redemption purposes on the 31st December was of the face value of $989,863.08 as follows:-
50 cents,.....
20
10
5
"
>>
Copper,
4,285.00
62,763.20
886,634.70
5,530.80 30,649.38
$989,863,08
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