# Hong Kong Annual Administration Reports, 1841–1941
# COLONIAL REPORTS.-ANNUAL.
comparative statement of the revenues for these two years from this source.
Other Miscellaneous Receipts.-Increase, $15,619.30, is due to the sale of the Lazaretto on Stonecutters Island to the Military Authorities for $20,000.
Land Sales.-Increase, $70,067.37, is due to a larger sale of land than in 1891, and chiefly to a very large sale that occurred at the end of the year.
The new items and increases under the heads of Steam Launch Licenses, Discharge of Crews and Seamen, Rent of Private Moorings and Buoys, &c., are due to the provisions of the Merchant Shipping Consolidation Ordinance, No. 21 of 1891, which came into force on the 1st of January 1892.
The decrease of $21,219.84 under the head "Stamps" is due mainly to reduced speculation in stocks and shares.
From the foregoing considerations it would follow that if allowance be made for the exceptional circumstances affecting the revenue of 1891, the apparent increase of $211,630 will be reduced to a real increase of $41,630, which again is subject to discount owing to land sales having produced more than they can be normally expected to realise.
## EXPENDITURE
The expenditure of the year, including that on Public Works Extraordinary, amounted to $2,342,837.26, a decrease of $106,249 on that for 1891, which is caused generally as follows:-
The Military Contribution shows a decrease of $151,996.74 although the rate of exchange was less favourable than in 1891.
But in 1891, besides the usual annual contribution, the payment of $20,000 had to be made to the Military Authorities in respect of arrears for 1890, thus the total payment in the former year was $60,000, as compared with $40,000 last year.
The decrease of $120,650 on Public Works Extraordinary, chiefly arises from the fact that, while $100,000 was paid as the Government contribution to the Praya Reclamation during 1891, only $10,000 was so paid in 1892. On the subject of the expenditure on this work, Your Lordship will be addressed shortly in a separate despatch.
The total decrease under these heads amounts to about $270,000, but on the other hand there were increases in the expenditure of almost every department for the following reasons:-
The payments to the Crown Agents for the debt, pensions, materials and stores, and other charges, &c., were made at a lower rate of exchange. The average rates for the two years 1891 and 1892 were 3/2 and 2/9.97 respectively.
The payment in December of Salaries and other charges properly payable from votes for the year, but hitherto paid out of ...
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Hong Kong Annual Administration Reports, 1841–1941
COLONIAL REPORTS.- -ANNUAL.
comparative statement of the revenues for these two years from this source.
Other Miscellaneous Receipts.-Increase, $15,619-30, is due to the sale of the Laziretto on Stonecutters Island to the Military Authorities for $20,000.
Land Sales.-Increase, $70,067-37, is due to a larger sale of land than in 1891, and chiefly to a very large sale that occurred at the end of the year.
The new items and increases under the heads of Steam Launch Licenses, Discharge of Crews and Seamen, Rent of Private Moorings and Buoys, &c., are due to the provisions of the Merchant Shipping Consolidation Ordinance, No. 21 of 1891, which came into force on the 1st of January 1892.
The decrease of $21,219.84 under the head "Stamps" is due mainly to reduced speculation in stocks and shares.
From the foregoing considerations it would follow that if allowance be made for the exceptional circumstances affecting the revenue of 1891, the apparent increase of $211,630 will be reduced to a real increase of $41,630, which again is subject to discount owing to land sales having produced more than they can be normally expected to realise.
EXPENDITURE.
The expenditure of the year, including that on Public Works Extraordinary, amounted to $2,342,837-26, a decrease of $106,249 on that for 1891, which is caused generally as follows:-
The Military Contribution shows a decrease of $151,996.74 although the rate of exchange was less favourable than in 1891.
But in 1891, besides the usual annual contribution, the payment of 20,000%. had to be made to the Military Authorities in respect of arrears for 1890, thus the total payment in the former year was 60,0001, as compared with 40,0007. last year.
The decrease of $120,650 on Public Works Extraordinary, chiefly arises from the fact that, while $100,000 was paid as the Government contribution to the Praya Reclamation during 1891, only $10,000 was so paid in 1892. On the subject of the expenditure on this work, Your Lordship will be addressed shortly in a separate despatch.
The total decrease under these heads amounts to about $270,000, but on the other hand there were increases in the ex- penditure of almost every department for the following reasons:-
The payments to the Crown Agents for the debt, pensions, materials and stores, and other charges, &c., were made at a lower rate of exchange. The average rates for the two years 1891 and 1892 were 3/2 and 2/9-97 respectively.
The payment in December of Salaries and other charges properly payable from votes for the year, but hitherto paid out of
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