3
I.-FINANCES.
The revenue for the year amounted to $22,291,605 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 amounted to a total of $18,563,003 inclusive of a sum of $3,575,635 spent on Public Works Extraordinary.
The detailed figures for 1922 are set out in the following statements:
Light Dues
HEADS OF REVENUE.
Light Dues, Special Assessment $ 115,979.56 Licences and Internal Revenue not otherwise specified 125,185.71 Fees of Court or Office, Payments for specific purposes, and Reimbursements in Aid 14,681,055.85 Post Office 1,412,027.09 Kowloon-Canton Railway 695,654.50 Rent of Government Property, Land, and Houses 710,295.75 Interest 1,132,116.60 Miscellaneous Receipts 439,291.41 TOTAL, (Ordinary) $ 19,569,261.24 Land Sales, (Premia on New Leases) 2,721,803.57 TOTAL $ 22,291,064.81The total expenditure brought to account 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 119,891.97 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 $ 955,581.68Military 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.