CO129-340 - Governor Nathan Acting Governor May - 1907 [4-6] — Page 7

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31.5.07

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REPORT ON THE BLUE BOOK FOR 1906.

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HONGKONG.

MY LORD,

PRINTED FOR PARLIAMEN

ColReports Annual F: 521

HONGKONG,

GOVERNMENT HOUSE,

16th April

1907.

I have the honour to submit for Your Lordship's information the following general Report on the annual Blue Book for the year 1906.

1.-FINANCES.

The Revenue for the year, exclusive of Land Sales and an amount transferred from the Praya Reclamation Fund amounted to $6,622,070.25, or $95,926.16 more than the previous year. Land Sales amounted to $315,733.21, or $76,526.55 less than in 1905. The amount transferred from the Praya Reclamation Fund was $97,208.32. The total revenue from all sources was therefore $7,035,011.78, or $116,607.93 greater than in any previous year, though $312,383.22 less than the estimate. All the main sources of revenue show an excess over 1905 with the exception of Interest, Miscellaneous Receipts, Land Sales and Water Account.

Light Dues, Licences, Post Office Receipts, Rent of Government Property and Interest brought in together $111,451.48 more than was estimated. The receipts under the remain- ing heads of revenue were altogether $521,043.02 less than were anticipated when the estimates were drawn up.

The Expenditure for the year was $5,328,820.92 exclusive of Public Works Extra- ordinary; inclusive of that item it was $6,832,610.68, or $118,661.58 less than the total expenditure of 1905 and $224,344.32 less than the estimate for 1906,

Deducting from the actual receipts for 1906 the total actual expenditure, there was a surplus of $202,401.10 on the actual working of the year.

The Right Honourable

THE EARL OF ELGIN, KG.,

Ilis Majesty's Principal Secretary of State for the Colonies,

&c.,

c.