XN000022-1973-08-31 — Page 10

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ON

Friday, August 31, 1973

$118 MILLION SURPLUS RECORDED IN MAY

The Hong Kong government accounts for the month of May 1973 show

a surplus of $118 million, compared with a deficit of $13 million in May

last year.

This has resulted in a total surplus of $103 million for the

first two months of this financial year.

Total revenue for the month at $450 million was $200 million

more than in May 1972. The total revenue for the first two months of the

financial year was $774 million - 0234 million more than the same period

last year,

Total expenditure amounted to $332 million, an increase of $70

million over the same month last year,

This brings the total expenditure for the first two months of

the financial year to $642 million, which was $130 million more than the

same period last year.

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