HONG KONG, 1905.
X-POSTAL SERVICE.
19
The total receipts paid into the Treasury in 1905 by the Postal Department amounted to $574,840.87, from which sum $160,002.68 was transferred to other heads of General Revenue under which fees and duties are paid in stamps, which are now sold exclusively by the Post Office, leaving the sum of $414,838.19 as revenue of the Postal Service. The total expenditure amounted to $585,449.25, which, after deducting $414,838.19 as revenue, leaves a deficit of $170,611.06, due to adjustment of the amount payable by this Colony towards the cost of the P. & O. Mail Service for the period from 1st February, 1898, to 31st January, 1905.
This Colony's share of the contribution towards the P. & O. Mail Subsidy under the new contract has been fixed at £12,529 per annum, as from the 1st February, 1905.
The arrangement concluded with Germany as regards the exchange of postal parcels between this Colony and the German South Sea Islands came into force on 1st June. Direct money orders were exchanged with Transvaal and the Federated Malay States during the year.
Postage on letters to Australia was reduced from 10 cents to 4 cents per 1⁄2 oz. from 15th July.
The postal arrangement with China came into force during the year.
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Page 51
1904-1919
HONG KONG, 1905.
X-POSTAL SERVICE.
19
The total receipts paid into the Treasury in 1905 by the Postal Department amounted to $574,840.87, from which sum $160,002.68 was transferred to other heads of General Revenue under which fees and duties are paid in stamps, which are now sold exclusively by the Post Office, leaving the sum of $114,838.19 as revenue of the Postal Service. The total expenditure amounted to $585,449.25, which, after deducting $414,838.19 as revenue, leaves a deficit of $170,611.06, due to adjustment of the amount payable by this Colony towards the cost of the P. & O. Mail Service for the period from 1st Feb- ruary, 1898, to 31st January, 1905.
This Colony's share of the contribution towards the P. & 0. Mail Subsidy under the new contract has been fixed at £12,529 per annum, as from the 1st February, 1905.
The arrangement concluded with Germany as regards the exchange of postal parcels between this Colony and the German South Sea Islands came into force on 1st June. Direct money orders were exchanged with Transvaal and the Federated Malay States during the year.
Postage on letters to Australia was reduced from 10 cents to 4 cents per 1⁄2 oz. from 15th July.
The postal arrangement with China came into force during the year.
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B 2
43
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