730
SHANGHAI
The Ordinary Revenue of the "Anglo-American" Settlement for 1923 amounted to Tls. 7,203,797 and was derived from the following sources :—
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Tls.
...
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1,595,680
1,467,453
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Land Tax, seven-tenths of 1 per cent. General Municipal Rates, Foreign Houses, 14 per cent....
Do.
do. on houses beyond Settlement limits, 12 per cent. General Municipal Rates, Native Houses, 14 per cent.
Do. do. on houses beyond Settlement limits, 12 per cent. Special Advertisement rate
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Licences, principally vehicles and bars Dues on Merchandise
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Rent of Municipal Properties, Markets, etc. Revenue from Public and Municipal Undertakings Miscellancous-
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138,688 1,521,548 15,081
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5,276
920,024
427,364
180,054
•
...
900,451
32,178
Tls.
7,203,797
The Ordinary Expenditure for the same year was Tls. 7,027,737.96 and was divided among the different departments as under :-
Police Force
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Volunteers
Fire Brigade
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+
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Do.
Do.
Health Dept., including Hospitals
Public Works Dept. General
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Creeks and River
Building
Do.
Drainage
Do.
Roads
Do.
Lighting
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Do.
Parks, etc.
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Do.
Public Band
Extra Department
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Education, including Library
Finance Department
Secretariat
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•
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...
...
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...
...
...
...
...
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...Tls. 1,841,536.35
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112,304.71
251,215.56
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523,613.97
Tls. 581,463.85
138,388.62
66,202.18
30,527.98
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725,840.27
163,551.33 94,856.07 14,960.39
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...
...
...
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1,815,790.69 113,405.71 409,139.69 185,105.54 365,409.52 503,686.66 906,529.56
General, TIs. 265,582.56; Stock and Stores, Tls. 238,104.10 Interest, Tls. 747,544.10; Redemption of Debentures, Tls. 158,985.46
Tls. 7,027,737.96
The ordinary income (including a surplus of Tls. 226,008.04 brought forward from 1922) exceeded the ordinary expenditure by Tls. 402,067.64. The extraordinary income (Tls. 4,479,800 six per cent. loan, 1923; Tls. 973.05 miscellaneous) amounted to 4,480,773.05, and extraordinary expenditure (on buildings, roads, land, bridges and drainage) to Tls. 5,193,364.15, leaving a deficit of Tls. 712,591.10 to be carried forward to 1924.
The ordinary municipal revenue for 1924 was estimated at Tls. 8,224,720, including the nett surplus from 1923 of Tls. 402,070; and the ordinary expenditure_at Tls. 7,929,300, leaving a surplus of Tls. 295,420 to be carried forward to 1925. The extraordinary revenue (made up of Miscellaneous income amounting to Tls. 10,000, together with. Tls. 5,000,000 to be raised by Debentures and Tls. 440,200 realised by the issue of debentures of the loan of 1923 during the period of January 1st to February 5th, 1924) provided an extraordinary income of Tls. 5,450,200; against an extraordinary expenditure of Tls. 4,746,300 (including a loan to the Electricity Dept. of Tls. 1,000,000) which together with deficit of Tls. 712,590 brought forward from 1923, leaves a deficit of Tls. 8,690 to be carried forward to 1925.
The ordinary revenue of the French Concession for 1923 was Tls. 1,885,101.94. The chief sources from which it was derived were:-
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Land Tax, six-tenths of 1 per cent. Foreign House Tax, 12 per cent.. Native House Tax, 12 per cent.... Licences, principally vehicles
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Tls. 241,220
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244,681
373,307 456,213