CO129-347 - Governor Sir Lugard - 1908 [4-6] — Page 557

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GOVERNMENT House,

HONGKONG, 24th June, 1908.

Mr Lond,

I have the honour to subunit for Your Lordship's information the following general Report on the annual Blue Book for the year 1907.

I-FINANCES.

The Revenue for the year, exclusive of Land Sales amounted to $6,442,529 or $179,540 less than the previous year. Land Sales amounted to $159,750 or $155,982 less than in 1906. The total revenue from all sources was therefore $6,602,280 or $132,731 less than in the previous year. All the main sources of revenue show an excess over 1906 with the exception of Licences, Rent of Government Property, Interest and Land Sales.

Light Dues, Licences, Fees of Court, Post Office Receipts, and Rent of Government Property brought in together $300,504 more than was estimated. The receipts under the remaining heads of revenue were altogether $146,249 less than were anticipated when the estimates were drawn up.

The Expenditure for the year was $5,028,553 exclusive of Public Works Extra- ordinary; inclusive of that item it was $5,757,203 or $1,075,407 less than the total expenditure of 1906.

Deducting from the actual receipts for 1907 the total actual expenditure, there was a surplus of $845,076 on the actual working of the year.

The Right Honourable

THE EARL OF CREWE,

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

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