HONG KONG, 1906.
Expenditure.
Non-effective charges General administration
Law and order
Public health.....
Public instruction Public works. Defence
***
***
***
***
***
...
***
***
***
***
Total
55
5
1905. 1906. Increase. Decrease. $ C. C. 365,108.59 333,823.31 31,285.29 1,226,584.57 1,404,287.42 177,702.85 882,019.87 846,277.69 35,742.18 653,420.65 659,413.66 5,993.01 162,277.58 162,973.32 695.74 2,276,646.79 2,086,655.96 189,990.83 1,420,961.39 1,352,587.14 68,374.25 $6,951,275.26 6,832,610.68 184,391.60 303,056.18 Deduct increase 184,391.60 Nett decrease 118,664.58The following table shows the total revenue and expenditure for the five years 1902-6:-
Revenue Expenditure Surplus Deficit C. C. c. 1902. 4,901,073.70 5,238,857.88 337,784.18 1903. 5,909,047.99 5,396,669.48 512,378.51 1904. 6,918,403.85 6,376,233.30 542,170.55 1905. 7,035,011.78 6,951,275.26 83,736.52 1906. 5,909,548.51 6,832,610.68 923,062.17(B.) ASSETS AND LIABILITIES.
At the end of the year 1906, the assets of the Colony amounted to $1,665,328.59, or including arrears of revenue $1,808,589.24. The total liabilities were $1,013,092.48, so that the surplus of assets over liabilities amounted to $795,496.76.
(C.) PUBLIC DEBT.
There is an ordinary public debt of £341,799 15s. 1d. outstanding. The original debt was incurred in connection with the Praya Reclamation, the Central Market, and water, drainage, and sewerage works. Interest at 3 per cent. is payable on the loan, which is being paid off by a Sinking Fund, now amounting to £42,298 0s. 10d.
Towards the close of 1905 the Government lent to the Viceroy of Wuchang a sum of £1,100,000 bearing interest at 4 per cent. for purposes connected with the Canton-Hankow Railway. To meet this expenditure a loan was raised in London in February, 1906, at an average price of £99 1s. per cent., bearing interest at the rate of 3½ per cent., the total cost, including expenses of issue, being £1,143,933 1s. 4d. A sum of £110,000
1904-1919
HONG KONG, 1906.
Expenditure.
Non-effective charges General administration
Law and order
Public health.....
Public instruction Public works. Defence
***
***
***
***
***
...
***
***
***
***
Total
55
5
1905.
1906.
Increase.
Decrease.
$ C.
C.
365,108,59 333,823.31
1,226,584,571,404.287.42
882,019.87
846,277.69 653,420.65 659,413.66 162,277.58 162,973.32 2,276,646.79 | 2,086,655.96 1,420,961.39 1,352,587.14
177,702.85
5,993.01
C.
C.
31,285.29
13,355.82
695.74
189,990.ER
68,424.25
$6,951,275.26 6,832,610.68
184,391.60 303,056.18
Deduct increase
184,391.60
Nett decrease
118,664.53
The following table shows the total revenue and expenditure for the five years 1902-6:-
Revenue Expenditure
Surplus
Deficit
***
***
1902.
1903.
1904.
1905.
1906.
C.
C.
c.
4,901,073,70 | 5,238,857,88 6,809,047.99 6,918,403.85 7,035,011.78 5,909 548.515,396,669.48 6,376,233.30 6,951,275.26 6,832,610,68
202,401.10
452,812.69
1,008,474.81 157,811.60
32,871.41
(B.) ASSETS AND LIABILITIES.
At the end of the year 1906, the assets of the Colony amounted to $1,665,328.59, or including arrears of revenue $1,808,589.24. The total liabilities were $1,013,092.48, so that the surplus of assets over liabilities amounted to $795,496.76.
(C.) PUBLIC Debt.
There is an ordinary public debt of £341,799 15s. 1d. out- standing. The original debt was incurred in connection with the Praya Reclamation, the Central Market, and water, drainage, and sewerage works. Interest at 3 per cent. is payable on the loan, which is being paid off by a Sinking Fund, now amounting to £42,298 0s. 10d.
Towards the close of 1905 the Government lent to the Viceroy of Wuchang a sum of £1,100,000 bearing interest at 4 per cent. for purposes connected with the Canton-Hankow Railway. To meet this expenditure a loan was raised in London in February, 1906, at an average price of £99 Ls. per cent., bearing interest at the rate of 31 per cent., the total cost, including expenses of issue, being £1,143,933 1s. 4d. A sum of £110,000
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