Enchoruse No.5
Dop 4119
Appendix A (1)
HONG KONG.
REPORT ON THE FINANCES FOR THE YEAR 1933.
The Revenue for the year amounted to $32,099,278 and the Expenditure was $31,122,715. Revenue therefore exceeded Expenditure by $976,563. The approved estimated revenue for the year was $34,002,575 while the revised figure was $33,027,000, a decrease of $975,575. The approved estimate of expenditure for the year was shown as $35,199,247 including the sum of $500,000 from surplus balances, and the revised estimate amounted to $32,564,261 or $1,441,546 above the actual expenditure.
2. The following statement shows the
shows the Revenue and Expenditure for each of the years of the last decade:
Year.
Revenue. Expendi-
Surplus.
Deficit.
ture.
$
$
€A
$
1924......
24,209,640 26,726,423
2,516,783
1925...... 23,244,366 28,266,818
1926...... 21,131,582 23,524,716
1927...... 21,344,536 20,845,065 499,471
1928...... 24,968,399 21,230,242 3,738,157
1929...... 23,554,475 21,983,257 1,571,218
1930...... 27,818,478 28,119,646
5,022,452
2,393,134
301,173
1931...... 33,146,724 31,160,774 1,985,950
1932..... 33,549,716 32,050,283 1,499,433
1933.... 32.099,278 31,122,715 976,563
REVENUE.
3. The largest individual item of revenue is derived from the assessment tax, the sum of $6,434,969 being collected. This represents 20.05% of the total revenue or 20.67% of the revenue exclusive of land sales.
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