Under this heading the Council budgets for an ordinary income including the surplus on last year's ordinary budget given above of Tis, 6,594,918 and ordinary expenditure estimated at Ts. 6,279,610.
It is proposed to raise by debentures during the year the sum of Tls. 8,000,000, to which can be added the amount raised by issue of debentures in the 1921 loan from January 1 to March 6, 1922 Tls. 38,400, and miscellaneous income of Tls. 10,000, bringing the total extraordinary income up to Ts. 2,318,400:
Extraordinary expenditure am-aunts altogether, including last year's deficit, to Ts. 8,346,696, leaving a deficit to be carried to 1923 of Ts. 28,296.
The extraordinary expenditure includes the loan to the Electricity Department of four and a half million taels and one million taels for the repayment of the loan of 1917, due on June 30, The gross profit on the working of the department was Tls. 1,863,- 610 and the nett profit, after provision for interest on loans, depreciation, ete. was Tls. 1,047,603; the estimated nett profit was Ts. 1,029,816.
From 1916 to the end of 1921 a. sum of Tls. 2,170,000 has been handed to the Council's general funds out of electricity profits.
The 1921 profit is to be appropriated as follows:—
Te Contribution to Municipal funds 625,000 Equalization account 104,309 General reserve 318,500 Balance forward 225
1,048,525
The estimated nett profit for 1922 is Tls. 1,151,818.
Text read from the printed page and cleaned; old type leaves the occasional error.