EXPENDITURE.
Governor
94.287.02
Cadet Service
280,507,54
Coloniak Secretary's Department and Legis-
lature -
50,454.63
Secretariat for Chinese Affaire
21,115.67
Audit Departmant
51,000.35
Treasury
68,307.64
Harbour Master's Department
310,717.36
Imports & Exports Department
031,733.97
Royal Observatory
38,350.10
Miscellaneous Services
1,017,305.35
Judicial and Legal Departments
282,089.15
Police-
1,533,757.51
Fire Brigade
177,799.07
Prison Department
324,175.12
Medical Department
371,781.92
Sanitary Department
548.824.20
Botanical and Forestry Department
71,223.47
Education -
728,153.89
Military Expenditure -
3,230,779,80
Public Works Department
821,074.30
Do.
Recurrent
1,074,646.30
Do.
Extraordinary
3,575,635.19
Post Office -
309.042.61
Kowloon-Canton Railway
922,355.75
Charge on account of Public Debt
914,040.12
Pensions
-
429,361.04
Claritable Services
TOTAL
$18,563,002,91
The amount of the consolidated loan staude at £1,485,733. Against this there is at credit of the Sinking Fund a sum of £399,591. The Local Loan under Ordinance No. 12 of 1916 amounts to $3,000,000 and there are the sums of $906,699 and £93,657 at credit of the Sinking Fund.
A new valuation for Assessment was made for the year com- mencing 1st July, 1922, resulting as follows:-
Increaser:-
The City of Victoria
$729,943
The Hill District ...
18,765
Shaukiwan, Saiwanho and Quarry Bay
29,375
Hongkong Villages
54,205
Kowloon Point
51,130
Yaumati
95,940
Mongkok tsui
39,490
Hunghom and Hok Un
27,460
Kowloon Villages
15,570
New Territories
54,391
76,802.50
The rateable value of the whole Colony amounted to $19,805,920 having increased by $1,109,209.
During the period 1913-1922 the assessment of the whole Colony has risen from $12,435,812 to $19,805,929, an increase in rateable value of $7,870,117.
The circulation on the 31st December of notes of the three Banks having authorised issues was as follows:--
Hongkong & Shanghai Banking Cor-
poration
.. 34,974,774
Chartered Bank of India, Australia, &
China
Mercantile Bank of India, Limited
11,239,002 1,364,413
$ 47,578,789
Fal
2
The balance to the credit on the year's working was $3,728,002
and the assets and liabilities account showed on the 31st December
a credit balance of $12,058,642.
The following is a statement of the revenue and expenditure of
the Colony for the five years 1918-1922 :—
Expenditure.
Revenue.
$
1918
18,065,248
16,252,172
1919
16,524,075 17,915,925
1920
14,089,673 14,489,504
1921
17,728,132 15,739,652
1922
22,201,065 18,503,003
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 amounts to $18,789,370 nominal value, and they were up to the
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