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Crown Colonies (Loans)

Volume 154: debated on Tuesday 23 May 1922

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21 & 22.

asked the Secretary of State for the Colonies (1) what was the gross total revenue and expenditure of all the British Crown Colonies for the years 1913–14 and 1920–21; what loans and for what total sum have been issued on the London market for the development of Crown Colonies for the 10 years prior to the War and since the War, respectively; what is the estimated total value of money represented by the applications of Crown Colonies to issue loans on the London market with the consent of the Colonial Office;

(2) what were the figures for each of the Crown Colonies, showing their separate budget surplus or deficiency for 1921; which of the Crown Colonies have a scale of expenditure on administration which is met by revenue; whether the Crown agents, in consultation with the Colonial Office, anticipate the issue of a loan on the London market in the near future that will enable two or more Crown Colonies to combine in making the issue; and whether there are any Crown Colonies which find themselves held up in their development for lack of free assets to offer as security for a loan?

As the answers to both these questions are necessarily long, and include statistics, I will, with my right hon. Friend's permission, circulate the replies in the OFFICIAL REPORT.

Following are the replies:

The total revenue of the Colonies and Protectorates for the last financial year before the War amounted to £26,355,644 and the total expenditure to £26,187,187; for the financial year 1920 or 1920–21 the

STATEMENT OF REVENUE AND EXPENDITURE, 1921–22.
Financial Year.Revenue.Expenditure.
Gibraltar (Jan.-Dec.)£217,002

*£216,917

Gambia (Jan.-Dec.)£207,813

*£173,117

Sierra Leone (Jan.-Dec.)£1,030,235

*£955,915

Gold Coast (April-March)£2,604,300

*£2,896,790

Nigeria† (April-March)£4,557,401£6,806,000
Kenya (April-Dec.)£1,828,644

*£1,828,644

Ceylon (Oct. 20-Oct. 21)Rs. 70,421,700Rs. 82,179,673
Mauritius (July 20-July 21)Rs. 25,650,000Rs. 22,250,000
Seychelles (Jan.-Dec.)Rs. 574,015Rs. 592,349
St. Helena (Jan.-Dec.)£7,029£11,757
Straits Settlements Jan.-Dec.)‡$34,699,735$41,389,910
Hong Kong (Jan.-Dec.)§$ 16,590,519$16,111,990
Fiji (Jan.-Dec.)£624,025

*£497,543

Gilbert and Ellice Islands (April-March)£49,105

*£46,663

Jamaica (April-March)£1,950,230

*£1,996,712

Leeward Islands (April-March)£278,639

*£266,125

Windward Island- (Jan.-Dec.)£297,575

*£286,404

British Guiana (Jan. Dec.)║$5,450,703

*$5,026,001

Trinidad (Jan.-Dec.)£1,775,965

*£1,729,531

Falkland Islands (Jan.-Dec.)£29,945

*£37,411

British Honduras (April-March)║$1,006,271

*$964,500

*"Ordinary" expenditure only.

†Revised estimate.
‡Straits dollars = 2s. 4d. Deficit met from savings.
$Hong Kong dollars (fluctuating).
║U.S.A. dollars