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Hong Kong Annual Administration Reports, 1841-1941
COLONIAL REPORTS-ANNUAL.
REPORT ON THE BLUE BOOK FOR 1912.
1.-FINANCES.
The revenue for the year amounted to $8,180,694, being $503,206 more than the estimate and $683,463 more than the revenue for the previous year.
Compared with the returns for 1911 there were increases under every head with the exception of Land Sales and Interest, the decrease under the latter head being accounted for by a bank overdraft during the second half of 1912.
The expenditure amounted to a total of $7,202,543, inclusive of a sum of $1,051,841 spent on Public Works Extraordinary. It was less than the estimate by $650,135, the decrease being due principally to exchange—the average rate having been 2s. as compared with an estimate of 1s. 9d.—by the delay in receipt of accounts due by the Post Office in respect of transit charges and mail subsidy, and by the saving of a sum of $96,140 on the vote for Public Works Extraordinary.
The detailed figures for 1911 and 1912 are set out in the following statements:-
HEADS OF REVENUE 1911 1912 Light Dues 87,454.95 Light Dues, Special Assessment 98,448.45 Licences and Internal Revenue not otherwise specified 5,371,419.76 Post Office and Houses Fees of Court or Office, Payments for specific purposes, and Reimbursements-in-Aid Kowloon-Canton Railway 785,534.51 Rent of Government Property, Land 401,054.32 Interest 251,971.53 *** Miscellaneous Receipts 873,732.50 Total 8,016,909.50 Land Sales (Premia on New Leases) 163,784.58 Total $8,180,694.08EXPENDITURE.
$ Governor 77,566.72 Colonial Secretary's Department and Legislature 67,552.91 Registrar General's Department 45,520.75 Audit Department 26,727.35 Treasury Harbour Master's Department 59,183.11 207,361.15Page 235
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