ila se dozna
、linnake ca
J. O. P Y,
Sab.
in closure / to Enclosure I in lev's 466 146
C. O.
1 46590
Report respecting Loan,, ko...
24 MA
***********************
ist attached.
estern Market..
The Estimated Ordinary Revenue is
$4,583,295 while Ordinary Capenditure amounts to 34,714,501 leaving a deficit of $131,303 which has to be made good by fresh taxation.
In addition to this Land Sales are put
down at $350,000, while Extraordinary Public Works come to $931,100 leaving a leficit of $581,100.
The total deficiency to be made good
therefore amounts to $719,803.
It would appear to be inexpedient to raise this large sun solely out of additional taxation and therefore it is proposed to raise a loan on account of certain productive Public Works the total amount of the cost of which has been estimated by the Director of Public Works to be
$2,250,000* the expenditure being spread over five or six years.
Bitional Reservoirs fytan rainage Area..
baloon Waterworks 3ravitation
phene....
hi Po Road..
ity and Hill District Waterworks.. Jity Waterworks:-Public Fountains..
Peak Supply and Reconstruction of No.3 Tank..
Do.-
$30,000
The sum to be spent on these forks during 1003 would amount 60,000 $533,000* Leaving a deficiency of $150,305 to be met out of additional 350,000 taxation, fo this amount has to be
3,000 alle sone surplus as required by the 9,000 instructions of the Secretary of State 10,000 and it is therefore deemed necessary
to raise by fresh taxation the sun of $303,950 from such items as Spiriù 50,000 Licences, Stamp Duties, etc., etc.,' Pytam Tuk Schame.. 130,000 (Vide Schedule attached) the Bills load from Sam-Shui-po to Dai-chi-kok. 35,000 for which will be July laid before
Do.
3568,000
Council.
Such additional sue will be apportion-
ed as follows:-
Deficit
$150,308
Additional Military Con- tribution-
31,850
Interest and Sinking Fun3
on Loan
e
Surplus-
25,200 .71,004
Total.... $803,350.
(Sa.) P.. H.. May.
3r1. October, 1903.
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