137,455.61 151,097.65
I-FINANCES.
The revenue for the year amounted to $24,783,763 being $6,216,493 more than the estimate and $2,492,698 more than the revenue for the previous year.
Compared with the returns for 1922 there were increases under all the heads except Kowloon-Canton Railway.
The expenditure amounted to a total of $21,571,005 inclusive of a sum of $4,716,602 spent on Public Works Extraordinary.
The detailed figures for 1923 are set out in the following
statements :-
Light Dues
HEADS OF REVENUE.
Light Dues, Special Assessment
Licences and Internal Revenue not otherwise
Governor Cadet Service
Audit Department
Treasury
5
EXPENDITURE,
93
C.
94,100.92
300,211.05
Colonial Secretary's Department and Legis-
lature -
60,759.08
Secretariat for Chinese Affairs
28,795.03
48,196.15
70,880.33
Harbour Master's Department
316,994.95
Imports & Exports Department
908,095.52
C.
Royal Observatory
38,374.11
Miscellaneous Services
1,828,078.38
Judicial and Legal Departments -
285,009.31
specified
-
16,123,980,81
Police-
1,633,832.14
Fees of Court or Office, Payments for specific
Fire Brigade
166,783.43
purposes, and Reimbursements in Aid -
1,601,281.37
Prison Department
324,698.20
Post Office
761,119.07
Kowloon-Canton Railway
474,721,78
Medical Department
402,761.76
Rent of Government Property, Land, and
Sanitary Department
620,390.31
Ilouses
1,183,846.53
Botanical and Forestry Department
77,157.40
Interest
577,986,73
Education
856,367.04
Miscellaneous Receipts
283,474.91
Military Expenditure -
4,033,500.36
TOTAL, (Ordinary)-
Land Sales, (Premia on New Leases)
Public Works Department
901,782.71
$21,294,965.30
3,488,797,17
Do.
Recurrent
1,424,532.80
Do.
Extraordinary
4,716,602,94
TOTAL
$24,783,702.53
The total expenditure brought to account amounted to $21,571,905 being $1,011,930 less than the estimate, and $3,008,902 more than the expenditure in 1922. Compared with the estimates there were increases under 15 heads as against 12 heads where there were decreases. The excess amounting to $1,285,783 under Miscel laneous Services was due to:-
University-
Post Office -
123.492.33
Kowloon-Canton Railway
,757,030.11
Charge on account of Public Debt
964,810.00
Pensions
486,167.76
Charitable Services
102,499.94
TOTAL
$21,571,904.72
$
C.
176,000.00
Compensation in respect of Yaumati Ferry
service
85,000,00
Publicity Bureau
30,000.00
Swatow Typhoon Relief Fund
29,998.00
War Memorial Nursing Home
200,000.00
British Empire Exhibition, II.K. Section
250,000.00
Loss on Subsidiary Coins
199,480.00
Japanese Earthquake H.K. Relief Fund
250,000.00
$1,220,478.00
Military Expenditure exceeded the estimate by $240,331 due to increase in revenue. Public Works Extraordinary was less by $2,528,898 than the amount estimated and Education Department decreased $73,905 on account of unpaid Building Grants.
The balance to the credit on the year's working was $3,211,858 and the assets and liabilities account showed on the 31st December a credit balance of $15,971,495.
The following is a statement of the revenue and expenditure of the Colony for the five years 1919-1923 :-
1919
Revenue. Expenditure.
$
$ 16,524,075 17,915,925
1920
14,689,672
11,489,594
1921
17,728,132
15,739,652
1929
22,291,065
18,563,003
1923
24,783,763 21,571,905