XN000022-1973-08-03 — Page 3

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Friday, August 3, 1973

DEFICIT OF $15 MILLION IN GOVERNMENT ACCOUNTS

A deficit of $15 million has been recorded in the Hong Kong

Government accounts for April the first month of the new financial

year.

This compares with a surplus of $12 million in April 1972.

Total revenue for the month was $294 million an increase

of 33 million over the previous April. Expenditure amounted to $309

million which was an increase of $60 million over the same month last

year.

A government spokesman said today that the expenditure included the payment of some 346 million to the Urban Council which was the yield

from the Urban Council Rate for April 1973.

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