CO129-623-8 Estimates of Expenditure- includes a report for the year ending March 1951 1-12-1949 - 31-3-1951 — Page 38

!

SAVINGRAM

To the Secretary of State for the Colonies.

From the Governor, Hong Kong.

Date.

38

2

Approved

Estimates

1950/51

Proportionate Estimate for 1st nine months

Actual so

far recorded for 1st nine

months

Colonial Secretariat

Commerce & Industry

$1,177,833

1,236,167

883,375 927,125

$

875,100

786,800

Education Department Fire Brigade

5,443,781

4,082,836

1,382,027

1,036,520

H.K. Defence Force

1,741,283

1,305,962

3,382,200 856,900

584,700

Kowloon-Canton Railway

5,007,031

3,755,273

3,997,700

Marine Department

6,169,258

4,626,944

2,726,400

Medical Department

12,668,351

9,501,263

8,579,700

Miscellaneous Services

37,521,500

28,141,125

41,260,300

Pensions

7,870,000

5,902,500

4,841,400

Police Force

15,553,762

11,665,322

10,101,400

Post Office

5,574,456

4,180,842

2,987,800

Prisons Department

4,268,341

3,201,256

2,510,800

Public Debt

Public Works Dept.

Public Works Recurrent

Public Works Non-

5,084,631

3,813,473

2,569,400

5,434,368

4,075,776

3,105,300

16,633,000

12,474,750

8,727,900

Recurrent

29,184,563

21,888,422

12,479,500

Sanitary & Urban Council

7,444,297

5,583,223

4,850,300

Stores Department Subventions

5,564,002

4,173,002

2,127,500

14,326,900

10,745,150

11,709,300

5464

66/1/51

4. The increase in the actual expenditure under the heading Miscellaneous Services is accounted for mainly by the payment of the Defence Contribution which was not allowed for in the Estimated Expenditure.

5. Expenditure against the Rehabilitation loan upto the 31st December, 1950 (including Crown Agents' expenditure up to the 31st October, 1950) amounted to $120,936,315, of which $70,936,315 was met from Surplus Balances. Approval has already been given to charge an amount of approximately $50,000,000 of this expenditure to Expenditure, and arrangements are in hand to give effect to this transfer.

6. Accounts for the period up to the 31st March, 1950, covering Government's trading activities in respect of Essential Commodities were sent to you under cover of my despatch No. 8 of the 27th January, 1951, and included proposals for the setting up of a Development Fund, which by the 31st March is expected to amount to about $50,000,000, and an Essential Commodities Equalization Fund of $30,000,000 to meet possible losses on the realisation of Government stocks of commodities.

7.

Revenue has continued to come in at a very high