Ref. 16/4841/48.
SAVINGRAM
To the Secretary of State for the Colonies.
From the Governor, Hong Kong.
Date No...215
22
February, 1951.
CONFIDENTIAL
My Confidential Savingram No.1274 of the
(23)
1st December, 1950.
Financial position and policy.
Figures so far available for the first nine months of the current financial year, including estimates in respect of Crown Agents expenditure for November and December are as follows:-
Revenue
Expenditure
Estimated Surplus
2,
$207,727,520 142.135.000
$ 65,592,520
24
37
Particulars of revenue so far recorded under
the more important heads are as follows:-
Liquor Dutie s Tobacco Duties Other Duties Rates
Approved Estimates 1950/51
$9,300,000 18,000,000
Proportionate Estimate for 1st nine months
$ 6,975,000 13,500,000 9,000,000 16,138,500
Actual so far
recorded for 1st nine months
$11,508,584
24,107,328
20,446,365
20,506,165
12,000,000
21,518,000
Bets & Sweeps Tax
4,000,000
3,000,000
4,395,805
Earnings & Profits
Tax
44,000,000
33,000,000
27,867,753
Entertainment Tax
5,000,000
3,750,000
5,860,130
Estate Duty
2,000,000
1,500,000
4,298,345
Meals & Liquor Tax
3,000,000
2,250,000
2,661,657
Stamp Duties
12,000,000
9,000,000
Wireless Receiving
Licences
1,200,000
900,000
Fines
1,750,00
1,312,500
8,672,378
894,052 2,019,400
Forfeitures
2,250,000
1,687,500
2,894,167
Works Executed on
Private Account
2,000,000
1,500,000
1,030,342
Water Revenue
5,786,400
4,339,800
6,094,858
Post Office
10,095,000
7,571,250
11,121,603
Kowloon-Canton
Railway
7,004,000
5,253,000
7,994,862
Buildings & Furniture
1,400,000
1,050,000
1,232,259
Lands not Leased
1,650,000
1,237,500
2,103,448
Public Utility
Royalties
7,530,000
5,647,500
8,735,257
Land Sales
2,750,000
2,062,500
5,527,482
3.
2 ... 1001
Particulars of the major heads of expenditure,
excluding Crown Agents' expenditure in November and December are as follows:
Actual so far recorded for 1st nine months
Approved
Estimates
1950/51
Proportionate Estimate for 1st nine months
852,284
$
549,200
Civil Aviation Dept. $ 1,136,379