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1949/50
1950/51
(g) Miscellaneous Fees, Payments for Services and Sales of Government Property
-
(h) Miscellaneous Licences, Fines and
Forfeitures
(i) Miscellaneous Receipts, including
Royalties
22,677,000 22,065,000
-
13,292,000 16,453,000.
10,553,000 16,482,000
(j) Revenue from Land, Rents, etc. - 7,690,572
13,011,654
Once again revenue exceeded the estimate by a very substantial margin, the excess amounting to the large sum of $87,588,936 as compared with the previous year's excess of $84,099,173.
The main reasons for this are firstly that in view of the enormous increase in the Colony's population many of the sources of the Colony's revenue have been correspondingly enlarged, and secondly that due to the unsettled conditions in the Far East since the war and the difficulty of foreseeing with any accuracy how Hong Kong's trade would fare it has been considered advisable to budget on a conservative basis.
Expenditure
The major items of expenditure during the year 1950/51 were, in round figures:—
(a) Miscellaneous Services (including cost of
living allowance $33,188,855: contri- bution towards the cost of reinforcing the garrison $16,000,000 and Loan Expenditure $49,887,457)
(b) Education Department
$109,873,948
$ 4,739,488
(c) Kowloon Canton Railway
$ 4,442,260
(d) Marine Department (e) Medical Department (f) Pensions (g) Police Force (h) Post Office
$ 5,177,469
$ 11,974,333
-
$ 7,996,909
$ 14,149,970
$ 6,065,067
(i) Prisons Department
$ 3,379,485
(j) Public Works Department, Recurrent &
Non Recurrent
$ 38,338,581
(k) Sanitary Department & Urban Council $ 7,047,233
(1) Social Welfare Office
(m) Stores Department
(n) Subventions
*A A A A A
$ 2,191,004
$ 3,192,151 $ 14,254,864
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