Estimated Income and Expenditure of Seven Millions: Debenture Issue of Six Millions Part IV of the Report of the Shanghai Municipal Council has pow been issued. This deals with the Budget for 1923, and is accordingly one of the most important parts of the Report from' the point of view of the ratepayers.
The estimates of income and expenditure for 1923 are summarized at the beginning of the Budget as follows Tis. The ordinary income for the year including. the surplus on the Ordinary Budget for 1922, Tls. 226,000, is estimated at 7,290,779 and the ordinary expenditure at.
7,137,900 leaving a Surplus on the ordinary.
budget to be carried forward to 1924 of. 162,870
It is proposed to raise by debentures during the year the sum of to which can he added cellaneous income of 6,000,000 mis-10,000 thus the extraordinary income will amount to 6,010,000
Tke deficit brought forward from 1922 is 2,550 and extraordinary expenditure (including a oan to the Electricity Department of is. 3,000,000) is recommended aida aggregating 149, 6,182,450 leaving a deficit to be carried forward to 1924 of Tls. 142,450
Text read from the printed page and cleaned; old type leaves the occasional error.