9
EXPENDITURE.
Year
Ordinary
Extraordinary
Total
$
$
$
1934
27,384,991
3,292,449
31,122,715
1935
25,030,568
3,784,166
31,149,157
1936
26,460,623
3,261,068
28,291,636
1937
30,600,924
1,510,298
32,111,222
1938
32,101,699
1,277,850
33,379,549
App.Est.
1938 Rev.Est
33,005,355
2,150,000
35,155,355
1939 Est.
36,068,988
1,688,235
37,757,223
The most noticeable feature of the above
tables is the increase of both revenue and expenditure.
In particular there has been a very large rise in the
figure for "ordinary expenditure" which has been off-
set to some extent by the fall in "extraordinary
expenditure".
The following table shows the position of
the Hong Kong Reserves for the last few years:-
Deficit
Surplus of Assets at end of year.
Year
Surplus
$
$
1934
1,574,871
1935
138,915
1936
529,463
1937
1,085,145
475,355
$
12,248,754
12,387,669
12,917,132
✩ 14,002,278
*including a sum 1938
of $980,000 for Rev. Est.
estimated building
loan outstanding 1939 and unallocated
stores under
new accounting procedure.
Est.
1,659,898
13,526,923
11,867,025
$10,000,000 has, up till recently, been
regarded as the Colony's minimum reserve, and though
this represents little more than three months'
expenditure it might perhaps be sufficient in normal
circumstances
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