aThe expenditures stated under this head were for service under military administration prior to the organization of civil government. The accounts covering the settlements included in the foregoing statements of disbursements show that there were in the hands of disbursing officers on June 30, 1903, actual cash balances (net) amounting to $354,846.51, United States currency, and $1,340,467.51, Mexican currency. The official balances in the accounts as certified were $408,045.42, United States currency, and $1,731,316.95, Mexican currency, the differences of $53,198.91, United States currency, and $390,849.44, Mexican currency, between the official balances and the actual cash balances being due to items in suspense in the settlements of the accounts. The city of Manila, supported in part by the insular government, is considered elsewhere in this report under a distinct head. Threetenths of the appropriations for the city are chargeable to the insular government and during the fiscal year, as represented by net withdrawals, such charges amounted to $589,329.15, United States cur rency. Loans to provinces during the fiscal year amounting to $240,160, Mexican currency, are ommitted from the disbursements, as the amounts loaned are properly assets of the insular government. There was due to the insular government June 30, 1903, on account of unpaid loans to provinces, the sum of $102,000, United States currency, and $233,110, Mexican currency. Refunds to provinces of collections ceded are also omitted from the statement of the insular expenditures. These loans and refunds to provinces are disbursed by the provinces for their current needs, and the disbursements therefrom appear in the statements of the accounts of the several provincial treasurers. These loans and refunds, therefore, are in reality transfers of funds for disbursement, and when such disbursements are made they are stated as provincial, not insular, expenditures. Payments from reimbursable appropriations are likewise omitted, except as they may show net expenditure, as otherwise they are not properly chargeable as administrative expense. These transactions appear elsewhere under the heading "Reimbursable expenditures." COMPARATIVE STATEMENT OF RECEIPTS AND EXPENDITURES. Following is a statement of the ordinary and extraordinary revenues and disbursements of the government for the fiscal year 1903, expressed in United States currency at the ratio of $2.45 of Mexican currency to $1 of United States currency. This ratio prevailed at the close of the fiscal year and represented the official value of all Mexican currency balances on hand at that time, and furthermore has been found to be an approximate average for the year. On account of the almost exclusive use of Mexican currency in the fiscal affairs of the government from the date of American occupation to June 30, 1903, and the consequent losses and gains in United States currency expression of the accounts, due to fluctuations in the value of Mexican currency, it is impossible to summarize the finances in an arbitrary United States currency expression and reach actual conclusions. Character of item. DEBIT. United States currency. Excess of revenues over expenditures to June 30, 1902.. Ordinary revenues, fiscal year 1903, exclusive of all refundable items: Customs revenues Postal revenues Internal revenues. Miscellaneous revenues Notarial and judicial fees. Insular cold storage and ice plant The insular treasurer The Philippine Commission.. Department of commerce and police. Department of the interior.. Department of public instruction Unassigned service.. Character of item. United States currency. DEBIT-continued. Extraordinary revenues, exclusive of all refundable itmes: Sale of gun boats to United States Government... Seized funds, including funds seized in prior fiscal years covered into the general fund under authority of Act 608 Cable concessions . Total CREDIT. $208, 819.67 289, 470.38 69, 291.92 $567, 581.97 19,926, 162.88 |