Parts two and three of the report of the Shanghai Municipal Council for last year have been issued. 'They comprise the Treasurer and Control ler's report. on finance matters and the estimates for this year, together with the remarks of the' outgoing Council. A surplus on the Ordinary Budget of $85,810 is. shown.
The Budget of Municipal income and Expenditure tobe submitted for the approval of he Ratepayers at the annual meeting to be. held on April 17, is again shown In two seetions—General_and. Education, AS itis not proposed to raise a special education rate during 1988, the funds Fequired for educational' purposes will be transferred to the Edueatior Budget in accordance with existing procedure, Ordinary Income and Expenditure 'The Ordinary Income for the year after' including the Surplus on the Ordinary Budget for 1984 of $700,850 and providing for the transfer to the Education Budget of $2.270,510 is estimated at. $23,043,840" fo which should be added an "amount to be appropriated from "General Reserve.
$1,200,000, making a total of $24,983,340, 'The Ordinary Expenditure exclu sive' of Education is estimated. at $24,807,590, leaving a surplus on the Ordinary Budget to be carried. for~ ward to 1996 of $35,810.
Text read from the printed page and cleaned; old type leaves the occasional error.