6-
7. The following table shows the Revenue and Expenditure during the last five years 1–
Revenue, Expenditure,
Surplus,
Deficit,
1921.
1923.
$
1024.
1925.
1922.
$ 17,728,132 22,291,065 24,783,763 2.200,640 23,244,765
18,563,003
26,726,128 28,268,817 15,739,652
21,571,905 1,988,480 3,728,062 3,211,858
2,516,788 5,022,452
113
II. The local circulation of notes and Specie in Reserve of the three Banks having authorized issues were as follows on 31st December:-
Hongkong & Shanghai Banking
Corporation...
Noten in Circulation
Specie in Reserve,
...$45,332,993 $33,500,000
(hartered Bank of India, Aus-
tralia & China Mercantile Bank of India, Limited
14,587,808
5,000,000
1.459,875
550,000
$61,380,676 $39,050,000
PUBLIC DEBT.
8. The Inscribed Stock Loans of 1893 and 1906 amounted to £1,485,733 and the Sinking Fund stood at £494,783 being £27,671 more than the amount at credit of that Fund at the end of 1924.
The local Loan (under Ordinance No. 12 of 1916) stood at $3.000,000 with a Sinking Fund of $1,726,670 and £114,722 sterling.
GENERAL REMARKS.
9. The total receipts and payments in the Treasury books during the year were $55,914,291 and $53.872,593 respectively. The figures not accounted for under revenue and expenditure relate to transactions under various heads such as Deposits, Advances, Subsidiary Coin, Unallocated Stores, etc.
10. Subsidiary coins in stock on the 31st December were as follows:--
12. The rate of exchange for the Estimates was taken at 2/3 whereas the average rate for purposes of conversion in the Treasury books was 2/4.
7th May, 1925.
. Mcl. MESSEIL Treasurer.
50 cents
20
H
+1
10
5
44
1
Copper
...$
7.000
43,128
722,488
211,126
19,626
$1,003,3GN
Orders were placed with the Royal mint for a further supply
of 2,500,000 Copper one cent coins which were taken on stock during the year.
The nominal amount of coins in circulation was $17,889,370 and the market value stood at practically par.
J
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