A 6
Other Charges amounted to $5,536,509 as against $4,975,780 an increase of $560,729.
Notable increases over the estimates were shown in the Medical Department, which expended $229,512 in excess of original provision, and Kowloon-Canton Railway, in which the net increase was $331,268.
Defence costs exceeded the original estimates by $1,259,953, of which $1,191,145 was Military Contribution which became due on account of the increased assessable revenue, and $54,501 additional expenditure on Air Raid Precautions.
Miscellaneous Services showed an increase of $1,288,227 as a result of changes in accounting procedure which necessitated the charging to Expenditure of all unallocated stores and outstanding loans made by Government. Increased expenditure on Transport of Government Servants was a minor contributory factor.
The cost of Charitable Services exceeded the estimate by $245,555 directly as a result of refugee relief.
Pensions proved to be underestimated by $206,392.
Public Works Extraordinary accounted for $1,899,902 approximately 50% more than originally estimated. Of this additional expenditure the heaviest items were in connection with the building of Refugee Camps at North Point, King's Park and Mu Tau Chung totalling $461,521.
Provision of quarters for senior officers cost $176,527 and $44,144 was expended on a new Wireless Station at Hung Hom.
Building expenditure on hospitals additional to that provided in Estimates amounted to $121,178.
The expenditure is compared with the original estimates and with the previous year's expenditure in Financial Return No. 6.
The allocation of expenditure under various Heads during the past five years is shown in Financial Return No. 7.
6. Loan Works. Expenditure on loan works authorized by Ordinance No. 11 of 1934 during the year 1938 amounted to $662,572 which was met by an advance from surplus revenues. The total expenditure up to 31st December, 1938, was $24,786,056 details of which are shown in Financial Return No. 8.
Expenditure on certain works which it is proposed to charge to a new Loan amounted to $1,077,333 and was financed by an advance from surplus revenues. Particulars of this expenditure is given in Financial Return No. 9.
7. Trade Loan Account. In accordance with the Secretary of State's instructions to charge all outstanding loans to expenditure, this account was closed on 31st December, 1938.
The outstanding loans on that date amounted to $218,771.42 but as the Reserve Account stood at $311,036.78 the matter was adjusted by debiting the outstanding loans to this Account and transferring the balance $92,265.36 to revenue.
During the year one loan was liquidated by the sale of the mortgaged property and the writing off of the irrecoverable balance.
Financial Return No. 10 shows the position at the close of 1938.
A 6
Other Charges amounted to $5,536,509 as against $4,975,780 an increase of $560,729.
Notable increases over the estimates were shown in the Medical Department, which expended $229,512 in excess of original provision, and Kowloon-Canton Railway, in which the net increase was $331,268.
Defence costs exceeded the original estimates by $1,259,953, of which $1,191,145 was Military Contribution which became due on account of the increased assessable revenue, and $54,501 additional expenditure on Air Raid Precautions.
Miscellaneous Services showed an increase of $1,288, 227 as a result of changes in accounting procedure which necessitated the charging to Expenditure of all unallocated stores and outstanding loans made by Government. Increased expen- diture on Transport of Government Servants was a minor contributory factor.
The cost of Charitable Services exceeded the estimate by $245,555 directly as a result of refugee relief.
Pensions proved to be underestimated by $206,392.
Public Works Extraordinary accounted for $1,899,902 approximately 50% more than originally estimated. Of this additional expenditure the heaviest items were in connection with the building of Refugee Camps at North Point, King's Park and Mu Tau Chung totalling $461,521.
Provision of quarters for senior officers cost $176,527 and $44,144 was expended on a new Wireless Station at Hung Hom.
Building expenditure on hospitals additional to that provided in Estimates amounted to $121,178.
The expenditure is compared with the original estimates and with the previous year's expenditure in Financial Return No. 6.
The allocation of expenditure under various Heads during the past five years is shown in Financial Return No. 7.
6. Loan Works. Expenditure on loan works authorized by Ordinance No. 11 of 1934 during the year 1938 amounted to $662,572 which was met by an advance from surplus revenues. The total expenditure up to 31st December, 1938, was $24,786,056 details of which are shown in Financial Return No. 8.
Expenditure on certain works which it is proposed to charge to a new Loan amounted to $1,077,333 and was financed by an advance from surplus revenues. Particulars of this expenditure is given in Financial Return No. 9.
7. Trade Loan Account. In accordance with the Secretary of State's instruc- tions to charge all outstanding loans to expenditure, this account was closed on 31st December, 1938.
The outstanding loans on that date amounted to $218,771.42 but as the Reserve Account stood at $311,036.78 the matter was adjusted by debiting the outstanding loans to this Account and transferring the balance $92,265.36 to revenue.
During the year one loan was liquidated by the sale of the mortgaged property and the writing off of the irrecoverable balance.
Financial Return No. 10 shows the position at the close of 1938.
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