—4—
EXPENDITURE.
$
C.
Governos...
77,198.15
Colonial Secretary's Department and Legis-
lature -
68,197.84
Secretariat for Chinese Affairs
52,634.57
Audit Department
35,625.07
Treasury
63,076,94
Harbour Master's Department
235,411.10
Imports & Exports Department
809,627.24
Royal Observatory
23,450.57
Miscellaneous Services
5,532,810.00
Judicial and Legal Departments-
251,434.95
Police and Prison Departments
1,066,820,94
Medical Departments
264,524,75
Sanitary Department
384,873.00
Botanical and Forestry Department
51,457.65
Education -
357,806.43
Military Expenditure
3,580,463.81
Public Works Department
391,382.64
Do.
Recurrent
822,509.87
Do.
Extraordinary
2,235,002.95
Post Office -
138,224.68
Kowloon-Canton Railway
437,592,45
Charge on account of Public Debt
749,649.66
Pensions
217,510.30
Charitable Services
68,038.60
TOTAL,
$17,915,925.36
5
The amount of the consolidated loan stands at £1,485,733. Against this there is at credit of the Sinking Fund a sum of £310,469. The Local Loan under Ordinance No. 12 of 1016 amount to $3,000,000 and there are the sums of $224,720 and £80,628 at credit of the Sinking Fund.
Under Ordinance No. 18 of 1917 a tax of 7% on Assessments was imposed to provide an Annual Contribution to the Imperial This was discontinued on Government for purposes of the war. the 30th June.
A new valuation was made for the year commencing 1st July, 1919, resulting as follows:---
Increases :-
The City of Victoria, $408,765.
The Hill District; $18,550
Shaukiwan, Saiwanho, and Quarry Bay, $3,965,
Hongkong Villages, $29,368.
Yaumati, $1,635.
Mongkoktsui, $41,755.
Kowloon Point, $62,265.
Hung Hom and Hok Un, $76,385.
New Kowloon, $18,347.
Kowloon Villages, $5,030.
The rateable value of the whole Colony amounted to $16,304,801 being an increase of $1000,000.
For the period 1910-1919 the assessment of the whole Colony has risen from $11,082,179 to $16,304,801, an increase in rateable value of $5,222,622.
The circulation on the 31st December of notes of the three Banks having authorised issues was as follows:-
Hongkong & Shanghai Banking Corporation, Chartered Bank of India, Australia, & China, Mercantile Bank of India, Limited,
$24,874,290
10,454,944
069,276
$36,298,510
The balance to the debit on the year's working was $1,390,950
and the assets and liabilities account showed on the 31st December
a credit balance of $4,290,188.
The following is a statement of the revenue and expenditure of the Colony for the five years 1915-1919 :-
Revenue.
1915
Expenditure. $ 11,786,106 15,140,267
1916
13,833,387 11,079,915
1917
15,058.105 14,090,828
1918
18,665,248 16,252,172
1919
16,524,975
17,915,925
The currency of the Colony consists, in addition to the notes of these Banks, of British, Hongkong, and Mexican Dollars and of subsidiary coin, which continued at par throughout the year.
The total issue of subsidiary coins less those demonetized, now anicuuts to $20,764,370 nominal value, and they were up to the year 1905 readily absorbed at par, large quantities being taken by the neighbouring provinces of China. During 1916 ten cent pieces of the face value of $5,028,000 were shipped to Calcutta for purposes
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