38446-1914-Supplementary-Bank-Notes-Circulation-May — Page 1

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LEGISLATIVE COUNCIL.

No. S. 164.-The following Bill was read a first time at a held on the 4th June, 1914 :—

Meeting of the Council

A BILL

ENTITLED

An Ordinance to authorize the Appropriation of a Supplementary Sum of Six hundred and seventeen thousand seven hundred and eighty- three Dollars and one Cent, to defray the Charges of the Year 1913.

WHEREAS it has become necessary to make further pro- vision for the public service of the Colony for the year 1913. in addition to the charge upon the revenue of the Colony for the service of the said year already provided

for:

Be it enacted by the Governor of Hongkong, with the advice and consent of the Legislative Comucil thereof, as follows:-

A sum of Six hundred and seventeen thousand seven hundred and eight-three Dollars an one Cent, is hereby charged upon the revenue of the Colony for the service of the year 1913, the said sum so charged being expended as hereinafter specified; that is to say :—

Treasury,

Royal Observatory,

{

.$ 2,077.92

664.49

Miscellaneous Services,

Police and Prison Departments,

Military Expenditure,—Volunteers,

Public Works, Recurrent,

206,310.79

45,179.09

Botanical and Forestry Department,.

4,553.88

10,967.68

161,243.24

Post Office,

Charitable Services,

183.244.51

541.41

Total,

$ 617,783.01

NOTICES

COLONIAL SECRETARY'S DEPARTMENT.

No. S. 165.-Returns of the Average Amount of BANK NOTES in Circulation and of Specie in Reserve in Hongkong, during the month ended 31st May, 1914, as certified by the Managers of the respective Banks:-

BANKS.

AVERAGE AMOUNT.

SPECIE IN RESERVE.

$

Chartered Bank of India, Australia and China,

3,639,174

Hongkong and Shanghai Banking Corporation,

Mercantile Bank of India, Limited,.....

$

2,000,000*

20,186,404 15,500,000

1,160,559

850,000†

TOTAL,............$

24,986,137

18,350,000

* Sterling Securities deposited with the Crown Agents valued at $1,850,000. † Securities with the Crown Agents £68,040.