CO129-558-3 Levy on Salaries- petition from Chinese Civil Servants 3-1-1936 - 19-12-1936 — Page 238

Enclosure No.2.

236

FINANCIAL POSITION 1936.

Estimates.

Deficit on estimates for 1936 @ 1/8.

Deduct net result of pruning P.W.D.,

P.W.R. & P.W.E. estimates.

•

$2,926,303:00

164,600:00

$2,761,703:00

If dollar is @ 1/3 then add for

sterling commitments.

3,000,000:00

$5,761,703:00

Military Contr.

kaid on Trade Loan $500,000:00 less

100,000:00

400,000:00

$5,361,703:00

Conventional dollar taxes

Add to estimate of

Less

Liquor. Tobacco.

·

Light dues.

Military Contr.

200,000:00

850,000:00

120,000:00

$1,170,000:00

234,000:00

936,000:00

$4,425,703:00

Deficit on year's working.

•

Dollar and sterling salary cuts

(Sterling) (Dollar).

·

·

•

931,475:00 212,000:00

1,143,475:00

Deficit on year's working (after salary cuts). $3,282,228:00

B.

Surplus and Deficit Account

Approximate excess of assets (1:1:36).

•

•

$12,248,755:00

•

Deficit on year's working (without salary

cuts).

Estimated excess of assets (without

salary cuts) (31:12:36)

4,425,703:00

•

7,823,052:00

Salary cuts.

•

1,143,475:00

Estimated excess of assets with salary cuts

(31:12:36). .

$8,966,527:00