CO129-510-21 Hong Kong and Canton wireless service- report- and recommendations 7-8-1928 - 7-8-1928 — Page 11

(د)

and although as will be seen from the statement

of Revenue and Expenditure our revenue has in-

creased considerably, it will increase far more

considerably when our plant is extended and we

work direct, not only with Java, but also Japan

and other countries equally distant.

11. The following state ent gives some idea of our increased activities during last year as com- pared with the previous two years.

Statement of Revenue and Expenditure

for the Bst three years :-

1925.

1926.

1927.

$

$

Revenue

81178

68133

123837

Expenditure

71741

62678

66949

Balance

$9437

$5455

$56888

12. For the three months working of the present

year, the revenue is still rising; steadily, and I

estimate the revenue will exceed expenditure by

$70000 by December 1928 and for 1929 a balance of

$100000 over expenditure may reasonably be expected if

my proposals are adopte.

13.

I submit that these results justify further

expenditure being incurred in bringing the station

up to present requirements, it is desirable to effect an

improvement this year, and I am submitting