CO129-379 - Governor Sir Lugard - 1911 [8-9] — Page 48

60 46 29557

RECE

Mr Stath ? Publish

argen Malais

RAW 5/10.

I think ust make

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further affort to bring Hagkung into live withe Ateer places.

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last year's

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in

a

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from whale

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reports, have their

signed cotton by the coe

reports water

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& publish the report.

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Я дена ужель

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sur l

Report now inthisked

: Bus

JA26

34

H

Nb. 284.

HONGKONG,

Sie,

Colonial

Anual do 691

GOVERNMENT House,

Hoxokong, 12th August, 1911.

I have the honour to submit for your information the following general Report on the annual Blue Book for the year 1910.

L--FINANCES,

(a.)-GENERAL REVENUE AND EXPENDITURE,

The Revenue for the year, cxclusive of Extraordinary Revenue and Widows' and Orphans' Fund Contributions, amounted to $6,628,183 or $341,350 more than for the previous year. The Extraordinary Revenue amounted to $332,086 or $203,448 less than in 1909. The total revenue from all sources was $6,960,869 or $137,902 more than in the previous year, and $52,072 more than the Estimate.

Compared with the previous year's returns there were increases under every head of Ordinary Revenue with the exception of Interest and Miscellaneous Receipts. Of the increase of $239,295 in Licences and Internal Revenue the item Companies Local Registers accounts for $18,001 and Stamps Duties for $127,812. The principal increases under Fees of Court are Companies Registration $12,823 and Deeds Registration $5.837. Post Office shows an improve- iment of $75,019. These various items seem to indicate the begin- ning of a revival in trade as does also the increase of $31,090 in Land Sales.

The Expenditure for the year was $5,702.290 exclusive of Public Works Extraordinary; inclusive of that item it was $6,907,113 or $364,274 more than the total expenditure for 1909.

The average Rate of Exchange for the year was 1/96. The Expenditure of the year was more than the Estimate by $44,429.

The year's working resulted in a surplus of $53,655 instead of the anticipated deficit of $42,745.

2/3 23 - 2.) WP 319 5-9 - 459, 6.9/1. K38.