A (1) 2 -
3. The principal sub-heads showing deficits compared with the Estimates were as follows:-
DEFICITS.
Light Dues $ 39,456 Light Dues Special Assessment 37,345 Kowloon (West) Ferry Licences 20,471 Opium Monopoly 668,695 Stamp Duties 571,661 Tobacco Duties 164,655 Fees for Use of Government Buoys.. 27,270 Sunday Cargo-Working Permits 79,725 Water Excess Supply and Meter Rents 128,321 P. O. Postage 21,598 K.C.R. Passenger Services Foreign.. 325,996 K.C.R. Goods Service Goods Foreign 34,568 Rent of Government Buildings 26,130 Rent of Government Markets 67,406 Rent of Slaughter House 45,285 Rent of Stone Quarries 29,617 122,556 Interest .... 213,658 Land SalesThe shortfall in Railway Receipts is explained by the fact that "through" traffic was not resumed until October, 1926. In all other sub-heads the deficit is attributable to the stagnation in trade brought about by the Boycott..
EXPENDITURE.
4. The total expenditure brought to account amounted to $23,524,716 being $265,899 less than the estimate, and $4,742,102 less than the expenditure in 1925.
His Excellency the Governor's Department expended $21,059 more than estimated, due to salary on leave being paid to Sir R. E. Stubbs during the early part of the year and to refurnishing and incidental expenses.
Post Office expenditure fell short of the estimate by $133,575 due to recovery of transit charges in respect of the previous year and non-payment of the Mail Subsidy.
Imports and Exports Department showed savings $213,361 chiefly brought about by the reduced business of the Opium Monopoly.