AnnualReport-1915 — Page 40

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A (1) 2

The expenditure decreased $206,583 on account of less opium purchased while the Harbour Department saved $160,705 on Special Expenditure by partial postponement of the scheme for acquisition of buoys in the Harbour. Other decreases were mostly due to savings on Personal Emoluments.

5. There was a saving of a sum of $389,903 under the vote for Public Works Extraordinary, due to works being delayed or deferred, such as the West Point Reservoir $221,525, and Quarters for Government Officers $51,000. There were savings on numerous smaller votes while however the vote for the Tytam Water Works was exceeded by $100,700 on account of greater progress.

6. The expenditure for the year exceeded the revenue by a sum of $3,363,161; with the result that the credit balance of $2,910,474 at the end of 1914 decreased to a deficit of $452,687 at the end of 1915.

A comparison however of ordinary revenue and expenditure might show more correctly the financial circumstances of the Colony.

The revenue for 1915 less Land Sales came to $11,691,829. The total expenditure was $15,149,268 and from this should be deducted the following Extraordinary Expenditure:---

Public Works, Extraordinary, $1,839,882
Railway Special Expenditure, $3,062,388
$4,902,270

leaving Ordinary Expenditure at $10,246,998. The deficit on Ordinary Working of the Colony is therefore transformed into a surplus of $1,444,831. In addition to this it might fairly be contended that the figures for Acquisition of Moorings in the Harbour and Redemption of Subsidiary Coins amounting to, in all, $1,345,352 should also be classed as Extraordinary Expenditure. If this be conceded the surplus would come to $2,790,183.

7. The following statement shows the Liabilities and Assets on the 31st December, 1915:-

LIABILITIES ASSETS Deposits not Available $443,498.88 Subsidiary Coins $750,152.82 House Service $3,950.97 Advances $98,834.35 Postal Agencies in China $11,861.73 Imprest $601.50 Overdraft, Bank... $2,397,698.38 Crown Agents' Deposit $1,137,391.30 Overdraft, Crown Agents $7,722.30 Unallocated Stores, P.W.D. $314,584.44 Unallocated Stores ! Railway, $109,818.46 Suspense Account $662.55 Total Liabilities... $2,864,732.26 Total Assets... $2,412,045.42 Debit Balance... $452,686.84 Total... $2,864,732.26 Total... $2,864,732.26

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A (1) 2 The expenditure decreased $206,583 on account of less opium purchased while the Harbour Department saved $160,705 on Special Expenditure by partial postponement of the scheme for acquisition of buoys in the Harbour. Other decreases were mostly due to savings on Personal Emoluments. 5. There was a saving of a sum of $389,903 under the vote for Public Works Extraordinary, due to works being delayed or deferred, such as the West Point Reservoir $221,525, and Quarters for Government Officers $51,000. There were savings on numerous smaller votes while however the vote for the Tytam Water Works was exceeded by $100,700 on account of greater progress. 6. The expenditure for the year exceeded the revenue by a sum of $3,363,161; with the result that the credit balance of $2,910,474 at the end of 1914 decreased to a deficit of $452,687 at the end of 1915. A comparison however of ordinary revenue and expenditure might show more correctly the financial circumstances of the Colony. The revenue for 1915 less Land Sales came to $11,691,829. The total expenditure was $15,149,268 and from this should be deducted the following Extraordinary Expenditure:--- Public Works, Extraordinary, $1,839,882 Railway Special Expenditure, $3,062,388 $4,902,270 leaving Ordinary Expenditure at $10,246,998. The deficit on Ordinary Working of the Colony is therefore transformed into a surplus of $1,444,831. In addition to this it might fairly be contended that the figures for Acquisition of Moorings in the Harbour and Redemption of Subsidiary Coins amounting to, in all, $1,345,352 should also be classed as Extraordinary Expenditure. If this be conceded the surplus would come to $2,790,183. 7. The following statement shows the Liabilities and Assets on the 31st December, 1915:- LIABILITIES ASSETS Deposits not Available $443,498.88 Subsidiary Coins $750,152.82 House Service $3,950.97 Advances $98,834.35 Postal Agencies in China $11,861.73 Imprest $601.50 Overdraft, Bank... $2,397,698.38 Crown Agents' Deposit $1,137,391.30 Overdraft, Crown Agents $7,722.30 Unallocated Stores, P.W.D. $314,584.44 Unallocated Stores ! Railway, $109,818.46 Suspense Account $662.55 Total Liabilities... $2,864,732.26 Total Assets... $2,412,045.42 Debit Balance... $452,686.84 Total... $2,864,732.26 Total... $2,864,732.26
Baseline (Original)
A (1) 2 ment decreased $206,583 on account of less opium purchased while the Harbour Department saved $160,705 on Special Expenditure by partial postponement of the scheme for acquisition of buoys in the Harbour. Other decreases were mostly due to savings on Personal Emoluments. 5. There was a saving of a sum of $389,903 under the vote for Public Works Extraordinary, due to works being delayed or deferred, such as the West Point Reservoir $221,525, and Quarters for Govern- ment Officers $51,000. There were savings on numerous smaller votes while however the vote for the Tytam Water Works was ex- ceeded by $100,700 on account of greater progress. 6. The expenditure for the year exceeded the revenue by a sum of $3,363,161; with the result that the credit balance of $2,910,474 at the end of 1914 decreased to a deficit of $452,687 at the end of 1915. A comparison however of ordinary revenue and expenditure might show more correctly the financial circumstances of the Colony. The revenue for 1915 less Land Sales came to $11,691,829. The total expenditure was $15,149,268 and from this should be deducted the following Extraordinary Expenditure:--- Public Works, Extraordinary, Railway Special Expenditure, $1,839,882 3,062,388 $4,902,270 leaving Ordinary Expenditure at $10,246,998. The deficit on Ordinary Working of the Colony is therefore transformed into a surplus of $1,444,831. In addition to this it might fairly be contended that the figures for Acquisition of Moorings in the Harbour and Redemption of Subsidiary Coins amounting to, in all, $1,345,352 should also be classed as Extraordinary Expenditure. If this be conceded the surplus would come to $2,790,183. 7. The following statement shows the Liabilities and Assets on the 31st December, 1915:- LIABILITIES. Deposits not Available C. C. ASSETS. 443,498.88 | Subsidiary Coins 750,152.82 House Service 3,950.97 Advances 98,834.35 Postal Agencies in China 11,861.73 Imprest 601.50 Overdraft. Bank... 2,397,698.38 Crown Agents' Deposit 1,137,391.30 Overdraft, Crown Agents 7,722.30 Unallocated Stores, P.W.D. 314,584.44 Unallocated Stores ! Railway, 109,818.46 Suspense Account 662.55 Total Liabilities... 2,864,732.26 Total... 2,864,732.26 Total Assets... 2,412,045.42 Debit Balance... 452,686.84 Total...$ 2,864,732.26
2026-05-06 09:39:05 · Baseline
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A (1) 2

ment decreased $206,583 on account of less opium purchased while the Harbour Department saved $160,705 on Special Expenditure by partial postponement of the scheme for acquisition of buoys in the Harbour. Other decreases were mostly due to savings on Personal Emoluments.

5. There was a saving of a sum of $389,903 under the vote for Public Works Extraordinary, due to works being delayed or deferred, such as the West Point Reservoir $221,525, and Quarters for Govern- ment Officers $51,000. There were savings on numerous smaller votes while however the vote for the Tytam Water Works was ex- ceeded by $100,700 on account of greater progress.

6. The expenditure for the year exceeded the revenue by a sum of $3,363,161; with the result that the credit balance of $2,910,474 at the end of 1914 decreased to a deficit of $452,687 at the end of 1915.

A comparison however of ordinary revenue and expenditure might show more correctly the financial circumstances of the Colony.

The revenue for 1915 less Land Sales came to $11,691,829. The total expenditure was $15,149,268 and from this should be deducted the following Extraordinary Expenditure:---

Public Works, Extraordinary, Railway Special Expenditure,

$1,839,882

3,062,388

$4,902,270

leaving Ordinary Expenditure at $10,246,998. The deficit on Ordinary Working of the Colony is therefore transformed into a surplus of $1,444,831. In addition to this it might fairly be contended that the figures for Acquisition of Moorings in the Harbour and Redemption of Subsidiary Coins amounting to, in all, $1,345,352 should also be classed as Extraordinary Expenditure. If this be conceded the surplus would come to $2,790,183.

7. The following statement shows the Liabilities and Assets on the 31st December, 1915:-

LIABILITIES.

Deposits not Available

C.

C.

ASSETS.

443,498.88 | Subsidiary Coins

750,152.82

House Service

3,950.97 Advances

98,834.35

Postal Agencies in China

11,861.73 Imprest

601.50

Overdraft. Bank...

2,397,698.38 Crown Agents' Deposit

1,137,391.30

Overdraft, Crown Agents

7,722.30

Unallocated

Stores,

P.W.D.

314,584.44

Unallocated

Stores !

Railway,

109,818.46

Suspense Account

662.55

Total Liabilities... 2,864,732.26

Total... 2,864,732.26

Total Assets... 2,412,045.42 Debit Balance...

452,686.84

Total...$ 2,864,732.26

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