HKG-CAR1844-1886 — Page 294

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1841-1886

275

STATE OF HER MAJESTY'S COLONIAL POSSESSIONS.

135

HONG KONG.

No. 22.

Copy of a DESPATCH from Governor Sir HERCULES ROBINSON to his Grace the Duke of NEWCASTLE, K.G.

(No.113.)

MY LORD DUKE,

Hong Kong, June 5, 1862.

I HAVE the honour to forward the Blue Book of Hong Kong for the year 1861.

Revenue and Expenditure.

2. The financial condition of the Colony is most satisfactory. The revenue of 1861 exceeds that of 1860 by £33,058. 7s., and is nearly double that of 1859, being respectively:-

Year Revenue 1859 £65,225 6 2 1860 £94,182 16 3 1861 £127,241 3 3

The expenditure for the same period has also increased, being for-

Year Expenditure 1859 £66,109 3 9 1860 £72,390 12 10 1861 £109,632 0 9

3. The increase in the revenue will be seen, by a reference to the comparative statement at pages 34 and 35 of the Blue Book, to be mainly under the heads of "Rents" and "Licences." The premiums on the leases sold during last year, in consequence of the increase in the population and the consequent enormous rise in the value of land, realized £36,374 against £18,182 in 1860, being an increase under this head alone of £18,192. The permanent increase in the rent roll of the Colony during the same period was £2,747. The monopoly for preparing and selling opium realized last year £12,412 against £10,393 in the previous year. In short, the returns show an increase under almost every head of revenue, and they are all to be explained by the increase of the population, which was found at the close of each of the last three years to be:-

Year Population 1859 86,941 1860 94,917 1861 119,321

4. The increase in the expenditure is attributable partly to the augmentation of the establishments, rendered necessary by the growth of the Colony, but chiefly to the large outlay upon public works. The expenditure of last year may be classed as follows:-

Ordinary Expenditure £64,143 15 11 Public Works £45,488 4 10 Total £109,632 0 9

being less than the revenue of the year by £17,609. 2s. 6d., thus:

Revenue of 1861 £127,241 3 3 Expenditure £109,632 0 9 Excess of Revenue over Expenditure £17,609 2 6

5. At page 43 of the Blue Book will be found a statement showing the actual financial condition of the Colony at the close of the last year, by which it will be seen that at that date the assets exceeded the liabilities by £82,781. 17s. 4d. Of this balance £61,550 was deposited in the chartered banks, bearing interest at from 5 to 6 per cent. per annum.

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1841-1886 275 STATE OF HER MAJESTY'S COLONIAL POSSESSIONS. 135 HONG KONG. No. 22. Copy of a DESPATCH from Governor Sir HERCULES ROBINSON to his Grace the Duke of NEWCASTLE, K.G. (No.113.) MY LORD DUKE, Hong Kong, June 5, 1862. I HAVE the honour to forward the Blue Book of Hong Kong for the year 1861. Revenue and Expenditure. 2. The financial condition of the Colony is most satisfactory. The revenue of 1861 exceeds that of 1860 by £33,058. 7s., and is nearly double that of 1859, being respectively:- Year Revenue 1859 £65,225 6 2 1860 £94,182 16 3 1861 £127,241 3 3 The expenditure for the same period has also increased, being for- Year Expenditure 1859 £66,109 3 9 1860 £72,390 12 10 1861 £109,632 0 9 3. The increase in the revenue will be seen, by a reference to the comparative statement at pages 34 and 35 of the Blue Book, to be mainly under the heads of "Rents" and "Licences." The premiums on the leases sold during last year, in consequence of the increase in the population and the consequent enormous rise in the value of land, realized £36,374 against £18,182 in 1860, being an increase under this head alone of £18,192. The permanent increase in the rent roll of the Colony during the same period was £2,747. The monopoly for preparing and selling opium realized last year £12,412 against £10,393 in the previous year. In short, the returns show an increase under almost every head of revenue, and they are all to be explained by the increase of the population, which was found at the close of each of the last three years to be:- Year Population 1859 86,941 1860 94,917 1861 119,321 4. The increase in the expenditure is attributable partly to the augmentation of the establishments, rendered necessary by the growth of the Colony, but chiefly to the large outlay upon public works. The expenditure of last year may be classed as follows:- Ordinary Expenditure £64,143 15 11 Public Works £45,488 4 10 Total £109,632 0 9 being less than the revenue of the year by £17,609. 2s. 6d., thus: Revenue of 1861 £127,241 3 3 Expenditure £109,632 0 9 Excess of Revenue over Expenditure £17,609 2 6 5. At page 43 of the Blue Book will be found a statement showing the actual financial condition of the Colony at the close of the last year, by which it will be seen that at that date the assets exceeded the liabilities by £82,781. 17s. 4d. Of this balance £61,550 was deposited in the chartered banks, bearing interest at from 5 to 6 per cent. per annum.

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1841-1886 275 STATE OF HER MAJESTY'S COLONIAL POSSESSIONS. 135 HONG KONG. No. 22. Copy of a DESPATCH from Governor Sir HERCULES ROBINSON to his Grace the Duke of NEWCASTLE, K.G. (No.113.) MY LORD DUKE, Hong Kong, June 5, 1862. I HAVE the honour to forward the Blue Book of Hong Kong for the year 1861. Revenue and Expenditure. 2. The financial condition of the Colony is most satisfactory. The revenue of 1861 exceeds that of 1860 by 33,0581. 75., and is nearly double that of 1859, being respectively :- Year. Revenue. 1859 1860 1861 * £ S d. 65,225 6 2 94,182 16 3 127,241 3 3 The expenditure for the same period has also increased, being for- Year. Expenditure. £ S d. 1859 1860 1861 - 10 66,109 3 9 72,390 12 10 109,632 0 9 3. The increase in the revenue will be seen, by a reference to the comparative statement at pages 34 and 35 of the Blue Book, to be mainly under the heads of "Rents" and "Licences." The premiums on the leases sold during last year, in conse- quence of the increase in the population and the consequent enormous rise in the value of land, realized 36,3744. against 18,1824. in 1860, being an increase under this head alone of 18,1921. The permanent increase in the rent roll of the Colony during the same period was 2,7471. The monopoly for preparing and selling opium realized last year 12,4127. against 10,3934. in the previous year. In short, the returns show an increase under almost every head of revenue, and they are all to be explained by the increase of the population, which was found at the close of each of the last three years to be:- Year. 1859 1860 1861 * Population. 86,941 94,917 119,321 4. The increase in the expenditure is attributable partly to the augmentation of the establishments, rendered necessary by the growth of the Colony, but chiefly to the large outlay upon public works. The expenditure of last year may be classed as follows:- Ordinary Expenditure Public Works Total £ 5. d. 64,143 15 11 45,488 4 10 being less than the revenue of the year by 17,6097. 2s. 6d., thus :→→→ Revenue of 1861 * £109,632 0 9 £ S. d. 127,241 3 3 109,632 0 9 Expenditure Excess of Revenue over Expenditure £17,609 2 6 5. At page 43 of the Blue Book will be found a statement showing the actual financial condition of the Colony at the close of the last year, by which it will be seen that at that date the assets exceeded the liabilities by 82,7814. 17ș. 4d. Of this balance 61,5501 was deposited in the chartered banks, bearing interest at from 5 to 6 per cent. per annum.

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1841-1886

275

STATE OF HER MAJESTY'S COLONIAL POSSESSIONS.

135

HONG KONG.

No. 22.

Copy of a DESPATCH from Governor Sir HERCULES ROBINSON to his Grace the Duke of NEWCASTLE, K.G.

(No.113.)

MY LORD DUKE,

Hong Kong, June 5, 1862.

I HAVE the honour to forward the Blue Book of Hong Kong for the year 1861.

Revenue and Expenditure.

2. The financial condition of the Colony is most satisfactory. The revenue of 1861 exceeds that of 1860 by 33,0581. 75., and is nearly double that of 1859, being respectively :-

Year.

Revenue.

1859

1860

1861

£ S d.

65,225 6 2

94,182 16 3

127,241 3 3

The expenditure for the same period has also increased, being for-

Year.

Expenditure.

£ S d.

1859

1860

1861 -

66,109 3 9 72,390 12 10 109,632 0 9

3. The increase in the revenue will be seen, by a reference to the comparative statement at pages 34 and 35 of the Blue Book, to be mainly under the heads of "Rents" and "Licences." The premiums on the leases sold during last year, in conse- quence of the increase in the population and the consequent enormous rise in the value of land, realized 36,3744. against 18,1824. in 1860, being an increase under this head alone of 18,1921. The permanent increase in the rent roll of the Colony during the same period was 2,7471. The monopoly for preparing and selling opium realized last year 12,4127. against 10,3934. in the previous year. In short, the returns show an increase under almost every head of revenue, and they are all to be explained by the increase of the population, which was found at the close of each of the last three years to be:-

Year.

1859

1860 1861

Population.

86,941

94,917

119,321

Ordinary Expenditure Public Works

Total

£ 5. d. 64,143 15 11 45,488 4 10

being less than the revenue of the year by 17,6097. 2s. 6d., thus :→→→

Revenue of 1861

£109,632 0 9

S. d.

127,241

3 3

109,632 0 9

Expenditure

Excess of Revenue over Expenditure

£17,609 2 6

5. At page 43 of the Blue Book will be found a statement showing the actual financial condition of the Colony at the close of the last year, by which it will be seen that at that date the assets exceeded the liabilities by 82,7814. 17ș. 4d. Of this balance 61,5501 was deposited in the chartered banks, bearing interest at from 5 to 6 per cent. per annum.

HKG-CAR1844-1886 — Page 294

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