TNAG-0424-FCO40-470-Construction-of-an-underground-railway-system-in-Hong-Kong-1973 — Page 161

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Friday, August 3, 1973

DEFICIT OF $15 MILLION IN GOVERNMENT ACCOUNTS

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

the first month of the new financial

Government accounts for Apri

year.

is 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 $46 million to the Urban Council which was the yield

from the Urban Council Rate for April 1973.

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