472
I have
The Hong Kong
(17558)
I have no doubt it is desirable
that the entire transactions of the Colony should, if possible,
be shown in one present account. But the present
return, while including something more than the day revenue &
expenditure of the Colony, does not go far
enough. It should be including the opening & closing balances, and distinguishing between
ordinary & Extraordinary receipts & payouts, and between the receipts from, the expenditure of loans, whether from
the "Special Fund" or other sources, and the rest of the Revenue & Expenditure, and
of course separating matters of account as Sir J. Henry.
So
If I remember rightly (I write at a
distance) both the Straits Settlement and
Mauritius have very good forms for such
returns. In this latter case
The receipt & expenditure of debenture loans does
not appear.
I may illustrate the danger of
these present returns
by pointing out that part of the expenditure is included twice over without any distinction
being made, viz. The sum which is repaid
to the "Special Fund" from
general revenue
The account for
this purpose having commenced before the work was completed. If proper distinction be preserved between
ordinary & extraordinary revenue &
expenditure, and the account be
balanced, there is little danger of misapprehension.
22 May 1885
W. 15 now. No 2014
472
I hav
The Hong Kong
(17558)
I A
no doubt desirable
that the
entive transactions ofthe Colony should, i
be shown in one present
Ameton account. But the
good
the return, while including thor something
current
more than the day revene s
does not go far
expenditure of the Colony, does not
like the heasure's quarters accor. to
B. 2 C. acco
mough. It should be
We including the opening & closing bulances, and distinguishing between
ordinary & Extraordinary receipts a payouts, is between the receipts pom, the expenditure of loans, whether pan
the "Special Fund" or other sources, and the rest of the Revenue Expenditure, and
course separating matters of ac inform Sis J. Henny.
So
Kro
If I remember rights () write at a
distarace) both the Straits Settlement a
hunsuritius have very good forms for much
returns. In this latter case
The receipt
d expenditure of debenture loans does
not appea
I may illerstrate the danger of
that these present for retinues
by pointing
out that part often Praga
exfunditure is included twice over without any distinction
anmically
made, vix. The sune
which is repaid
to the Special Fund" pour
general revenue
The amenity for
this purpurse having commenced before the work was completed. If proper distinction of be preserved between
ordinding a cxtraordinng revenue o
expenditure, and the account be
L
balanced, there is Med 25 M
22
Little
correctly
it the danger of missappe
W. 15 now. Nr 2014
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