27. Authorities for 83% "Dollar Loan" Expenditure, 1937.
The total actual expenditure incurred during the year 1937 under the items detailed in the Schedule has been covered as follows:-
(1) $1,673,731.37 by Resolution of the Legislature on 29th September, 1937. Approved by Secretary of State vide Telegram No. 280 of 24th December, 1937, and
(2) $50,454.49 being excess expenditure on the Gorge Dam received the approval of the Legislature on 7th July, 1938. Secretary of State's approval not yet seen.
28. Expenditure on additional works to be charged to a Proposed New Loan.
On the 29th September, 1937 the Legislative Council passed a Resolution approving the carrying out of certain additional works at an estimated total cost of $3,396,000 of which $176,000 would be chargeable to the accounts of the current year. It was agreed that the expenditure should in the first instance be charged as advances from the Colony's Surplus Funds pending the raising of a loan. The Secretary of State's approval for the above was obtained vide his telegram No. 280 of 24th December, 1937.
29. The actual expenditure to the 31st December, 1937, on these works was $56,783.30.
E. AUTHORITIES FOR EXPENDITURE 1936.
30. Recurrent.-Notice of non-disallowance of the Supplementary Appropriation Ordinance in respect of expenditure for the year 1936 (Ordinance No. 10 of 1937) was published vide Government Notice No. 787 in Gazette No. 52 of 5th November, 1937.
31. Loan Expenditure.
An excess expenditure of $239,103.69 in 1936 on Head 2, Shing Mun Valley Water Scheme-b (3) Gorge Dam, which was reported by the Director of Colonial Audit to the Secretary of State as not having been authorized by the Legislature, has now received the covering approval of that body by a Resolution on 7th July, 1938.
32. All 1936 expenditure is therefore now covered by the requisite authorities.
F.-COLLECTION OF REVENUE.
33. As far as has been ascertained the systems employed for the collection of revenue have proved generally to be satisfactory, and moneys becoming due to Government are being promptly and efficiently collected.
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27. Authorities for 83% "Dollar Loan" Expenditure, 1937.
The total actual expenditure incurred during the year 1937 under the items detailed in the Schedule has been covered as follows:-
(1) $1,673,731.37 by Resolution of the Legislature on 29th September, 1937. Approved by Secretary of State vide Telegram No. 280 of 24th December, 1937, and
(2) $50,454.49 being excess expenditure on the Gorge Dam received the approval of the Legislature on 7th July, 1938. Secretary of State's approval not yet seen.
28. Expenditure on additional works to be charged to a Proposed New Loan.
On the 29th September, 1937 the Legislative Council passed a Resolution approving the carrying out of certain additional works at an estimated total cost of $3,396,000 of which $176,000 would be chargeable to the accounts of the current year. It was agreed that the expenditure should in the first instance be charged as advances from the Colony's Surplus Funds pending the raising of a loan. The Secretary of State's approval for the above was obtained vide his telegram No. 280 of 24th December, 1937.
29. The actual expenditure to the 31st December, 1937, on these works was $56,783.30.
E. AUTHORITIES FOR EXPENDITURE 1936.
30. Recurrent.-Notice of non-disallowance of the Supple- mentary Appropriation Ordinance in respect of expenditure for the year 1936 (Ordinance No. 10 of 1937) was published vide Government Notice No. 787 in Gazette No. 52 of 5th. November, 1937.
31. Loan Expenditure.
An excess expenditure of $239,103.69 in 1936 on Head 2, Shing Mun Valley Water Scheme-b (3) Gonge Dam, which was reported by the Director of Colonial Audit to the Secretary of State as not having been authorized by the Legislature, has now received the covering approval of that body by a Resolu- tion on 7th July, 1938.
32. All 1936 expenditure is therefore now covered by the requisite authorities.
F.-COLLECTION OF REVENUE.
33. As far as has been ascertained the systems employed for the collection of revenue have proved generally to be satis- factory, and moneys becoming due to Government are
are being promptly and efficiently collected.
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