CO129-518-8 Colonial Development Fund- requests and recommendations for monetary assistance for various projects 30-8-1929 - 28-2-1930 — Page 36

{

3)

1923

+In view of violent,

fluctuations in the dollar exchange it is not possible to give sterling equivalents for

The following is a statement of Revenue

and Expenditure for the last six years:

Revenue.

Expenditure.

$24,783,673

$21,571,905

the sums mentioned 1924

$24,209,640

$26,726,428

in this memoran-

dum. It may,

1925

$23,244,365

$28,266,817

however, be taken

that the average

1926

$21,131,582

$23,524,716.

1927

$21,344,536

$24,968, 399

36

value of the dollar in the last 2 or 3 years is approximately 2/-, and that the sterling equiva- lent would be on this basis one- tenth of the dollar figures.

1928

$20,845,065

$21, 230, 242.

It should be pointed out that the public finances of

the Colony have been very seriously affected in recent

years by the prolonged period of trade disturbance in

the neighbouring provinces of China.

Public debt outstanding at the end of 1928

was as follows:-

£240,000 at 4% incurred in 1887 (Public Works).

£200,000 at 34%

##

£1,799 at 3%

#

£1,143,933 at 31%

"

1893 (ditto }

"1894 (to defray loan

conversion costs)

$4,927,000 at 6%

11

11

H 1906 (loan to Chinese

Provincial Govern- ment for Railway Construction.)

1927 (Public Works).

The total amount of sterling debt outstanding at the close of 1928 was £1,485,732; the sinking fund on the same date amounted to £631,050.

The balance of surplus assets in recent years

has been as follows:-

Zoomori

7

31.12.25

31.12.26

$8,113, 482

$3,486,290

(Figures beken

from Estimates-file)

31.12.27

$3,985,761

31.12.28

$8,091,633

(of which $6,604, 345

represented liquid assets)

Description