HONG KONG, 1909.
159
25
fees and duties are paid in postage stamps, which are now sold exclusively by the Post Office, leaving the sum of $444,046.58 as the approximate revenue from the Postal Service. The total expenditure amounted to $510,729.99. The result of the year's working shows a deficit of $66,683.41 which is due to the fourth quarterly payment of the P. & O. subsidy for the year 1908 being made in 1909 instead of in the year in which it was due, to increased transit payments on the basis of the weight of correspondence despatched during November, 1907, under the Convention of Rome, and to increase in the volume of correspondence sent by the trans-Siberian Railway.
This Colony commenced to forward direct closed mails to the United Kingdom and Germany via Shanghai, Dalny and the trans-Siberian Railway on 24th April. The parcel post arrangement between this Colony and China came into operation on 1st October. The cash on delivery service in connection with parcels exchanged with the United Kingdom was adopted by this Colony on 1st May.
XI.—MILITARY EXPENDITURE.
(a.)—COLONIAL CONTRIBUTION.
The Colony contributed $1,226,441 (being the statutory contribution of 20 per cent, of the Revenue) towards the cost of the maintenance of the Regular Forces in the Colony including Barrack Services and Defence Works.
(b.)—VOLUNTEER CORPS.
The expenditure on the Volunteers, which is entirely borne by the Colony, was $38,393 compared with $45,554 in 1908.
XII.—GENERAL OBSERVATIONS.
The assessment made for the year 1909-1910 (1st July to 30th June), shows a slight decrease in the rateable value of the whole Colony of 0.60 per cent. In Shaukiwan, the Hong Kong villages, Kowloon Point, Yaumati, Hunghom, and Kowloon villages there is an increase ranging from 0.44 per cent. to 10.53 per cent., but a decrease is shown in the City of Victoria of 2.00 per cent., in the Hill District of 0.31 per cent., and in Mongkoktsui of 9.73 per cent. There is a noticeable increase in New Kowloon of $41,543 or 66.66 per cent.
The average rate of exchange (demand on London) which had been 1s. 9.6727d. to the dollar for 1908 fell to 1s. 9.0601d. for 1909.
1904-1919
HONG KONG, 1909.
159
25
fees and duties are paid in postage stamps, which are now sold exclusively by the Post Office, leaving the sum of $444,046.58 as the approximate revenue from the Postal Service. The total expenditure amounted to $510,729.99. The result of the year's working shows a deficit of $66,683.41 which is due to the fourth quarterly payment of the P. & O. subsidy for the year 1908 being made in 1909 instead of in the year in which it was due, to increased transit payments on the basis of the weight of corres- pondence despatched during November, 1907, under the Con- vention of Rome, and to increase in the volume of correspondence sent by the trans-Siberian Railway.
This Colony commenced to forward direct closed mails to the United Kingdom and Germany vid Shanghai, Dalny and the trans-Siberian Railway on 24th April. The parcel post arrange- ment between this Colony and China came into operation on 1st October. The cash on delivery service in connection with parcels exchanged with the United Kingdom was adopted by this Colony on 1st May.
XI-MILITARY EXPENDITURE.
(a.)-COLONIAL CONTRIBUTION.
The Colony contributed $1,226,441 (being the statutory contri- bution of 20 per cent, of the Revenue) towards the cost of the maintenance of the Regular Forces in the Colony including Barrack Services and Defence Works.
b.)—VOLUNTEER CORPS.
The expenditure on the Volunteers, which is entirely borne by the Colony, was $38,393 compared with $45,554 in 1908.
XII.-GENERAL OBSERVATIONS.
The assessment made for the year 1909-1910 (1st July to 30th June), shows a slight decrease in the rateable value of the whole Colony of 0.60 per cent. In Shaukiwan, the Hong Kong villages, Kowloon Point, Yaumati, Hunghom, and Kowloon villages there is an increase ranging from 044 per cent. to 10.53 per cent., but a decrease is shown in the City of Victoria of 200 per cent., in the Hill District of 0-31 per cent., and in Mongkoktsui of 9-73 per cent. There is a noticeable increase in New Kowloon of $41,543 or 66.66 per cent.
The average rate of exchange (demand on London) which had been 1s. 9-6727d. to the dollar for 1908 fell to ls. 9·0601d. for 1909.
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