Sessional_Paper_1891 — Page 283

HONGKONG.

REPORT ON THE BLUE BOOK AND DEPARTMENTAL REPORTS FOR 1891.

Laid before the Legislative Council, by Command of His Excellency the Officer Administering the Government, on the 19th June, 1891.

279

No.

91.

1.-TAXATION.

There have been no changes under this head.

2.-REVENUE AND EXPENDITURE.

The Revenue amounted to $2,011,859.27, or excluding premiums from Land Sales to $1,995,220.47; and the Expenditure amounted to $1,915,350.47, including Extraordinary Works; excluding these, to $1,517,843.05.

The Revenue and Expenditure for the past five years have been :—

Extraordinary Expenditure, including Defensive Works,

Year.

Revenue:

Premia from Land.

Ordinary Expenditure.

1886,...

.$1,367,977.74

$34,731.59 ·

$1,195,236.81

$825,624.84

1887.

1,427,485.79

155,238.02

1,278.181.6%

744,820.38

1888...

1,557,300.03

160,688.64

1,461,459.64

530,870.03

1889.

1,823,549.13

154.725.60

1,459,167.16

374,551.63

1890,.......

1,995,220.47

16,638.80

1,517,843.05

397,507.42

3.-LOCAL REVENUES.

The Chinese inhabitants contributed in 1890, by voluntary assessment among them- selves, to the pay of the District Watchmen,

and received from the Government for the same object a grant-in-aid of..

4.-ASSETS AND LIABILITIES.

$7,266.32 1,500.00

On the 31st December, 1890, the assets of the Colony exceeded its liabilities by......$399,732.25 The surplus assets in :---

1885, were

1886, the liabilities exceeded the assets by.

1887, the surplus assets were

$ 427,692.42

$ 191,512.29

1888,

1889,

$ 631,374.08 (a.)

Do. Do.

$ 360,649.76

$ 505,109.87

5.-PUBLIC DEBT.

Amount of Sinking Fund, £24,752.

No new loan has been raised. Amount of present Loan, £200,000.

6. MILITARY EXPENDITURE.

The Military Expenditure (inclusive of the Volunteer Corps) defrayed by the Colony during the last seven years has been as follows

1884,.

Military Contribution, exclusive of

Defensive Works, and inclusive of Volunteer Corps.

..$114,498.78

Defensive Works.

$ 3.464.64

Defensive Works.

1885.

1886.

1887

1888,

1889,

1890...

$117,337.00

$124,561.68

$128,815.63

$134,594.68

$134,261.12

$124,646.96

$ 68,153.45

$217,901.45 $258,444:28 $ 62,115.90

$ 63,753.73

$ 5,082.92

L 650. 0.4 £12,576.10.2 £39,230. 0.0 £43,710. 7.6 £10,036. 4.0 £9,678.14.5 £ 832. 1.1

(2.) A loan of £200,000 having been raised during 1887 to be paid off, on the 1st of March, 1907.