A (1) 4-
Kowloon Canton Railway expended $135,510 in excess of the estimate owing to late delivery of new carriages, the cost of which was included in the 1925 estimates. The decision to re-open the Fanling Branch Line further contributed towards the excess.
Military Contribution showed an excess of $173,824 in consequence of the increased revenue in 1925.
Charge on account of Public Debt fell short of the estimate by $195,332 as it was found unnecessary to make any further contribution to the 6% War Loan Sinking Fund.
Charitable Services showed an excess of $21,355 due to unforeseen calls on the Government.
Miscellaneous Services exceeded the estimate by $230,130 chiefly on account of the upkeep of emergency organisations brought into existence by the political situation.
5. The Expenditure for the year exceeded the Revenue by the sum of $2,393,134.
6. The following statement shows the Liabilities and Assets on the 31st December, 1926:-
LIABILITIES. $ C. ASSETS. $ C. Deposits not Available 1,089,799 .20 Subsidiary Coins 1,792,357 .52 Postal Agencies Suspense Account Coal Account 13,330 .43 Advances 515,376 .38 Building Loans 4,384 .13 Imprest 179,074 .07 1,571,114 .26 4,819 .08 Overdraft, Bank... 173,230 .13 House Service A/c.. 5,600 .36 Crown Agents' Current Account Unallocated Stores, (P. W. D.) 345,828 .74 14,723 .83 Adjustment of Exchange Account 367,715 .66 Total Liabilities... 2,178,560 .06 Unallocated Stores, (Railway) 175,353 .09 Investment A/c.. 1,591,203 .47* Lorry Haulage A/c .01 Balance 3,486,290 .54 Total......$ 5,664,850 .60 Total 5,664,850 .60* Invested as follows:-
A (1) 4-
Kowloon Canton Railway expended $135,510 in excess of the estimate owing to late delivery of new carriages, the cost of which was included in the 1925 estimates. The decision to re-open the Fanling Branch Line further contributed towards the excess.
Military Contribution showed an excess of $173,824 in consequence of the increased revenue in 1925.
Charge on account of Public Debt fell short of the estimate by $195,332 as it was found unnecessary to make any further contribution to the 6% War Loan Sinking Fund.
Charitable Services showed an unforeseen calls on the Government.
excess of $21,355 due to
Miscellaneous Services exceeded the estimate by $230,130 chiefly on account of the upkeep of emergency organisations brought into existence by the political situation.
5. The Expenditure for the year exceeded the Revenue by the sum of $2,393,134.
6. The following statement shows
statement shows the Liabilities and Assets on the 31st December, 1926:-
LIABILITIES.
$
C.
ASSETS.
$
C.
Deposits not Available
1,089,799.20 Subsidiary Coins
1,792,357.52
Postal Agencies
Suspense Account
Coal Account .....
13,330.43 Advances 515,376,38 Building Loans
4,384.13 Imprest
179,074.07
......
1,571,114.26
4,819.08
Overdraft, Bank...
173,230.13| House Service A/c..
5,600.36
Crown Agents' Current
Account
Unallocated Stores,
14,723.83
(P. W. D.),.........................
345,828.74
Adjustment of Ex-
change Account ...... 367,715.66
Total Liabilities... 2,178,560.06
Unallocated Stores,
(Railway) Investment A/c.. Lorry Haulage A c.....
175,353.09
1,591,203.47*
.01
Balance
3,486,290.54
Total......$ 5,664,850.60
Total 5,664,850.60
* Invested as follows:-
No comments yet.
Private notes are available after approval.