1933-09-29 — Page 6

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NO NEW TAXES FOR 1934

DETAILS OF CENTRAL

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For Kowloon

THE BUDGET

STATEMENT

The Colony's Budget for next year, shows an estimated expenditure of $33,442,695 and an estimated revenue. of $31,731,625, leaving a deficit of $1,711,070.

In introducing the Budget at the Legislative Council Meeting yesterday, the Colonial Secretary, the Hon. Mr. D. W. Tratman, said that the programme for the coming year included the first stage in a new development scheme embracing all the Government property lying between Queen's Road and Upper Albert Road and between Gar dep Road and Ice House Street. It involved the removal of the present Government House and the erection of a new one at Magazine Gap.

*

That Hong Kong is having its fair share of the world depres- sion is indicated by the fact that import duties on liquor, and tobacco, show a decrease while stamp duties are also affected. There is also decrease in the oplum revenue, but this is trace- able to the Bangkok Conference.

41

The Kowloon-Canton Raliway is showing increased revenue, and Government expects. 8600,000 from increased. water revenue.

#

Kowloon's New Post Office

A new Post Office is planned for Kowloon Polat and it is proposed to erect a block of office seven or eight stories high which will hold a fre station, a sub-treasury and a branch of the medical department, in addition to the new Post Office. The building will occupy the present site of the Kowloon Post Office. which will be moved to a temporary building on a site near the children's playground

Provision is also made for a staff for the proper operation of Kal Tack Aerodrome as a commercial airport.

A aubsidy not exceeding $33,000 a year for two years is to be allowed the Far East Aviation Company for the purpose of establishing flying school at Kal Tak

Work on the new Government Civil Hospital is to com- mence next year and a hew out-patients department for the Kow- loon Hospital is also on next year's programme.

A motor hearse for the handling of bodies dumped in the streets, is included in the estimates, while the Wanchai market, an old landmark of that district, will be reconstructed.

Owners of radio receiving sets will be glad to hear that it might be possible, next year, to have simultaneous transmission of European and Chinese programmes.

A sum of $20,000 is provided for in the estimates to relieve distressed officers of the Mercantile Marine.

It was stated with regard to the Military Contributions, that after prolonged negotiations with the War Omce, the Secretary of State for the Colonies has secured for Hong Kong. material increase in the number of items exempt from contribution.,

The Polo Club, is to give up their site at Causeway Bay and Government is now preparing asite for them at old Kowloon Tong.

FIVE LAKHS OFF ARMY

CONTRIBUTIONS

THOSE PRESENT

TH

probably come as an unpleasant surprise to many in this Colony. I do not refer to those who have

taxation on the

H... B. the Governor (Bir William built high hopes-hopes as high as Peel, K.CM.G.; KBE) presided reduction. and there were present:

The Colonial Secretary (Hon. Mr. D. W. Tratman, CM.G.)...

The Attorney General (Hon. Mr. C. G. Alabaster, K.C., OBE) -

The Secretary for Chinese Affairs (Hon. Mr. A. E. Wood)

finsinca which are, subject to the observations of Honourable Mem, bers, that it is desirable to treab the scheme as a separate and self-contained" financial unit holding on the credit side the $1,254,000 · I have just mentioned and the proceeds of the future sales of the Beaconsfield Arcade

and Government House sites while on "the debit side will ap- pear the cost of forming new sites and roads and of building the new Governtient House, new City Hall, new Government offices and similar outgoings. This how- ever is a somewhat unusual pro- cedure in respect of schemes financed out of revenue and be- fore It can be definitely adopted it Wil be neces- sary to obtain the special sanction of the Secretary of State. For the present therefore the item of $1,254,000 Is being retained G.S. ordinary revenue for 1933 and the first Item of expenditure, $100,000 for the

of preparation the

Government site for House, is shewn. BS a separate Head (No. 35) of expenditure for 1934.

new

1933 Revenue. Nevertheless we must be pre-

transfer pared for the

of the credit to a special account. and when that has been done and the Inchcape estate duty deducted it seen that, our ordinäry will be "revenue for 1933 cannot be set

EX-

higher than about $30,000,000 as against an original estimate of $34,000,000 and that the main- tenance of our surplus balances at the same level as at the open- ing of the year is due to our re-j vised estimate of expenditure for 1933 being 832.564,261 as "against an original estimate of 835,199,247, The main factor in this saving is the reduced cost of our sterling commitments, including officers' salaries, arising from the differ-

the current between ence change rate and the rate (81-1s

in framing the 2d adopted estimates. This difference in ex- de- change has also of course a pressing effect on certain items of revenue which have been placed on a sterling basis, but this is a very limited reduction in no way comparable to the reduction in

arising expenditure

from the same, cause. Another source of anticipated saving lies in the sum the $500,000 set down in Estimates as the final payment by the Colony in respect of the re- moval and 'reprovisioning of the Naval Arsenal and Kellet Island. The reprovisioning is taking longer than was anticipated and it 13 considered equitable that, having financed the work to the extent of three quarters without any return,' the Colony should retain the final quarter in its balances until it can be given possession of the old site. A third Item of saving which may be mentioned here lies in the adjustment of. Military contribu tion the original estimate of 1933 being 85,832,271 and the revised estimate 85.694,559. Part of this reduction is due to over payment in respect of 1932 and part to cer- tain concessions in respect of re- venue exempted from contribution of which I shall say more at A later stage.

יון

of

REVENUE AND THE DEPRESSION.

The main factor. In the falling Bes monthly financial statements off of our ordinary revenue HE. The General Officer Com-issued by the Treasurer. These of course in the general depression manding the Troops (Major Gen-statements have to be reviewed in from which the world at large has eral O. C. Borrett, C.B. C.M.G.. the light of our experience of the been suffering for some years past

and which is

the movements of the revenue and ex

now hitting C.B.E., 58.0.)

The import penditure over a whole year. Our Colony in earnest. income is largest in the first half duties on Hquor and tobacco for of the year our expenditure in the the "first half of 1933 "have been second half. But apart from the (Continued on Pape 7.) somewhat misleading figure of $16,000,000 which these fluctuza- tions have caused to appear as surplus in the statement for May, this Council may have some dim- culty in appreciating the grounds for the Government's attitude of The Hon. Dr. A. R. Wellington | restraint when it is seen that the (Director of Medical and Sanitary estimated surplus of assets over | | Services);

Habilities at the end of 1933, · · fa The Hon, Commander “ J. · B. | now <put at over $13 – milions Newtil DSO,, ^R. NĄ (Retired), instead of the $10,600,000, odd an- (Harbour Master).

ticipated in the Estimates for 1933.

The Colonial Treasurer (Hon. Mr. M. J. Breen).

The Hon. Mr. E. D. C. Wolfe, C.M.G., (Inspector General Police),

of

The Hon. Mr. "A. G. W. Ticklé (Director of Public Works),

The Hon. Sir Henry Pollock, Kt..

The Hon. Mr. C. Gordon Mackle. The Hon. Mr. R. H Kotewall CMG., ILDA

The Hon. Mr. Tso Been Wan, LL.D. 94

The Hon. Mr. J. J. Paterson, The Hon. Mr.T. N. Chau.

The City Hall Stie.

But the fact is that bur revised estimate of Rävenue br 1933---- $33,027,000 contains two abnormal items; first a sum of 18 lakhs in death duties from Lorg Inchcape's estate and secondly "a qum "¿ of $1,250,000 accralög from the sale of a portion of the City Hall site. to-which is to be added; a sum of

Mr. A. W. G. H. Grantham (De- $4,000 representing the sale price puty Clerk of Councils.)

COLONIAL SECRETARY'S

STATEMENT

"REVENUE "AND EXPENDITURE OUTLINED;

of the demolished buildings. This sale" as Honourable Members- are, aware constitutesy the arst stage in a new development scheme. émbracing all the GovernmentTM property lying between Queen's Road and Upper Albert Road on the North and South and Garden Road and Ice House Street on the East and West A tentative lay-out for this scheme is shown I. rise by Your Excellency's com- on the plan which is among the mand to move the first reading of papers I have just laid on the A Bill Intituled “An Ordinance' tö apply & sum not exceeding table. It is a scheme of the first magnitude Involving inter alia $27,029,238 to the Public Bervice of the removal of the present Gov the year 1934”;

The Colonial Secretary said

erament House and the erection The Budget for the present year of new Government House at was described by the Colonial Magazine Gap I shall dear later | Becretary as **ieplontiers." The with the reasons for this parti Budget I am not submitting does cular step in the scheme. For the not. I fear, contain any large moment I am only concerned with amount of colour either. This will the Government's views for its

K. M. A.

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