206
COLONY OF
HONG KONG.
STATEMENT OF REVENUE IN THE YEAR 1946/47, UNDER HEADS
Heads and Sub-heads.
Estimated.
$
Actual.
Increase.
AND SUB-HEADS AS COMPARED WITH THE ESTIMATES
Decrease.
$
Explanatory Remarks.
1. DUTIES.
Import Duty on Liquor
4,000,000
4,978,213.42
978,213.42
Hydrocarbon Oils
8,500,000
2,556,199.12
943,800.88
Increased duties and population.
Overestimated.
Perfumed Spirits
50,000
232,808.62
Tobacco
7,500,000
20,724,440.24
182,808.62
13,224,440.24
Duty on locally manufactured Liquor
1,000,000
2,073,099.20
1,073,099.20
71
Proprietary Medicines and Toilet
Preparations
2,000,000
Table Waters
"
150,000
8,425,545.82
205,780.88
1,425,545.82
Greater demand and higher prices.
Increased duty and population.
do -
Greater demand and higher prices.
55,780.88
Total
$
18,200,000
34,196,087.80
10,939,888.18
Greater demand.
943,800.88
2. ASSESSED TAXES.
Assessed Taxes (Rates) Hong Kong
4,000,000
+
13
11
Kowloon
1,740,000
4,611,504.98
2,215,143.97
611,504.93
475,143.97
Higher valuations.
do -
"
N.T. North
17
6,000
N.T. South
4.000
11
6.000.00
4,000.00
Rating not completed.
—
do
Total
5,750,000
6,826,648.90
1,086,648.90
10,000.00
3. INTERNAL REVENUE.
Bets and Sweeps Tax
300,000
924.978.15
624,973.15
Entertainment Tax
Estate Duty ........
Meals & Liquor Tax
Stamp Duties
Total
2,500,000
1,200,000
3,000,000
3,171,651.53
2,788,404.28
782,986.49
4,514,237.26
671,651.58
1,533,404.28
782,986.49
1,514,237.26
7,000,000
12,127,252.71
5,127,252.71
Carried Forward
30,950,000
58,149,988.91
23,153,789.79
953,800.88
· 20
Higher charges and attendances.
Higher charges and bigger attendances.
Increased value of properties.
New measure.
Extra duty on property sales and high value of properties.
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