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Hong Kong Annual Administration Reports, 1841-1941
COLONIAL REPORTS-ANNUAL.
During the year the Governor, Sir Edward Stubbs, K.C.M.G., was away from the Colony from 15th June to 18th November, during which time the Government was administered by Mr. Claud Severn, C.M.G.
1.-FINANCES.
The revenue for the year amounted to $22,291,065, being $5,014,805 more than the estimate and $4,562,933 more than the revenue for the previous year.
Compared with the returns for 1921 there were increases under all the heads except Rent of Government Property.
The expenditure, inclusive of a sum of $3,575,635 spent on Public Works Extraordinary, amounted to $18,563,003, being $1,635,977 less than the estimate and $2,823,351 more than the expenditure in 1921. Compared with the estimates there were increases under 13 heads as against 14 heads where there were decreases. The excess, amounting to $1,099,859, under Miscellaneous Services was due to:
University $200,000.00
Transport of Government Servants $119,091.97
Visit of H.R.H. Prince of Wales $127,105.10
Expenses of Strike $59,394.37
Food Control Expenses $55,371.98
Loss on Subsidiary Coins $393,818.26
$955,581.68
Military Expenditure exceeded the estimate by $355,260, due to increase in revenue. Imports and Exports Department shows a saving of $80,044, due to less purchase of Opium, and Public Works Extraordinary was less by $3,035,664 than the amount estimated.
The balance to the credit on the year's working was $3,728,062, and the assets and liabilities account showed on 31st December a credit balance of $12,658,642.
The following is a statement of the revenue and expenditure of the Colony for the five years 1918–1922:
Year Revenue ($) Expenditure ($) 1918 18,665,248 16,252,172 1919 16,524,975 17,915,925 1920 14,689,672 14,489,594 1921 17,728,132 15,739,652 1922 22,291,065 18,563,003