Appendix A (1).
REPORT ON THE FINANCES FOR THE YEAR 1921.
REVENUE,
The total revenue for the year amounted to $17,728,132 being $2,391,782 more than the estimate and $3,038,460 more than the revenue in 1920. Compared with that year there were increases under every head.
2. The principal sub-heads showing excess over the estimate are as follows:
(a) Assessed Taxes, $89,838
(b) Liquor Duties, $250,637
(c) Stamps, $38,572
(d) Tobacco Duties, $392,031
(e) Postage, $149,157
(f) Railway, $67,840
(g) Buildings, $45,838
...
(h) Lands not Leased, $54,114
(*) Interest, $99,473
+
Other Miscellaneous Receipts, $75,986
(4) Land Sales, $1,344,097
The increases are due (a) to new buildings, (b) increase of duty, (c) to increase of duties, (d) to increase of duty, (e) to increase of business, and (k) to more lands being disposed of.
3. The principal deficits compared with the Estimates were:--
(a) Kowloon (East) Ferry Licences, $43,347
(b) Opium Monopoly, $61,802
(c) China Companies Fees, $56,619
(d) Water Excess Supply and Meter Rents, $135,931
Of these (a) was overestimated, (b) due to decreased sales, (c) and (d) to scale of fees not being increased as anticipated when the estimates were made out.
EXPENDITURE,
4. The total expenditure brought to account amounted to $15,739,652 being $1,609,498 less than the estimate, and $1,250,058 more than the expenditure in 1920.
Compared with the estimates there were savings under eight heads.
Miscellaneous expenditure exceeded the estimate by $196,971 mainly due to transport of government servants. Kowloon & Canton Railway exceeded the estimate by $210,530 due to two motor coaches and trailer.