CO129-100 - Sir Robinson - 1864 [9] — Page 44

CO129 Colonial Office Hong Kong Records 理藩院香港檔案 All AI Reviewed
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41

of the opinion which I have repeatedly expressed in former despatches, that the surplus funds of the Colony are not more than sufficient to complete those public works at present in progress which have received the sanction of the Secretary of State.

It must be borne in mind also that, for the reasons which I have before explained, a nominal excess of assets over liabilities $185,000 does not represent an available cash balance of more than $85,000.

If the large amount of $460,000 proposed to be expended during the course of the current year on public works, as shown in note (A) be not all disbursed during that period, the nominal excess of Assets at the close of the year will no doubt be correspondingly increased; but the probable sums remaining to be expended on unfinished works, as shown in note (B) will in such case be increased to the same extent, and no real difference will be made in the sketch which I have given of the probable financial position of the Colony at the close of the year.

the present

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41 of the opinion which I have repeatedly expressed in former despatches, that the surplus funds of the Colony are not more than sufficient to complete those public works at present in progress which have received the sanction of the Secretary of State. It must be borne in mind also that, for the reasons which I have before explained, a nominal excess of assets over liabilities $185,000 does not represent an available cash balance of more than $85,000. If the large amount of $460,000 proposed to be expended during the course of the current year on public works, as shown in note (A) be not all disbursed during that period, the nominal excess of Assets at the close of the year will no doubt be correspondingly increased; but the probable sums remaining to be expended on unfinished works, as shown in note (B) will in such case be increased to the same extent, and no real difference will be made in the sketch which I have given of the probable financial position of the Colony at the close of the year. the present
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41 of the opinion which I have repeatedly expressed in former despatches, that the surplus funds of the Colony are not more than sufficient to complete those public works at presenti in progress which have received the sanction of the Secretary of State. It must be bome in mind also that, for the reasons which I have before explained, a nominal excess asset's over liabilities $185,000 does not represent of an available "cach balance of mine than $85,000. If the large amount F during the of the current shown $460,000 proposed to be expended course year on public works, as in note (A) be not all disbursed during that period, the nominal excess of Assets at the close 7 the year will no doubt be correspondingly increased; but the probable to be expended remaining to be sums. on unfinished works, as shown in note B.) will in such case be increased to the same extent, and no real difference will be made in the sketch which I have given of probable financial position of Colony at the close of year. the the the present
2026-05-19 07:12:25 · Baseline
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41

of the opinion which I have repeatedly expressed in former despatches, that the surplus funds of the Colony

are not more

than

sufficient

to

complete those public works at presenti in progress which have received the sanction of the Secretary

of

State.

It must be bome in mind also that, for the reasons which I have before explained, a nominal

excess

asset's over

liabilities

$185,000 does not represent

of

an available

"cach balance of mine than $85,000.

If the large amount

F

during

the

of

the current

shown

$460,000 proposed to be expended

course

year on public works, as in note (A) be not all disbursed

during

that

period, the nominal

excess

of

Assets at the close

7

the

year will no doubt be correspondingly increased; but the probable to be expended

remaining to be

sums.

on

unfinished works, as shown in

note B.) will in such case be increased to the same extent, and no real

difference will be made in the sketch which I have given of

probable financial position of Colony at the close of

year.

the

the

the present

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