The Honours conferred by His Majesty the King on residents of Hong Kong included
Vice-Admiral Sir A. K. Waistell, K.C.B.
Mr. D. W. Tratman, C.M.G.
Rear-Admiral R. A. S. Hill, C.B.E.
Mr. R. M. Dyer, C.B.E.
Dr. W. I. Gerrard, O.B.E.
Captain O. H. Farrar, O.B.E.
Mr. R. Perry, O.B.E.
Mrs. L. Morris, M.B.E.
Mr. F. C. Dixon, M.B.E.
Mr. A. D. Johnson, M.B.E.
Lieut. W. R. Stevens, M.B.E. (Military).
Mr. A. de Mello, Honorary M.B.E.
II. Finance.
The total revenue for the year amounted to $27,818,473 exceeding the Estimate by $5,105,553 and the revenue for 1929 by $4,263,998.
There were increases under all heads over the 1929 collections; the most notable being:-Assessed Taxes $211,164; Liquor Duties $190,954; Tobacco Duties $347,098; Post Office $371,542 and Premia on New Leases $928,726.
Owing to the low exchange Tobacco Duties were raised in June and Postal Rates in August. A tax of 15 cents per gallon was levied on motor spirit in July.
Increased Premia paid and more Land Sales resulted in a total collection under Land Sales of $2,864,897 against $1,936,171 for the year 1929.
The expenditure for the year amounted to $28,119,646 being $851,131 more than the estimate and $6,136,389 more than the expenditure in 1929.
Several works provided for in the Estimates were postponed or curtailed thereby effecting substantial savings under Public Works Extraordinary, Public Works Recurrent and Kowloon Canton Railway.
On the other hand nearly all other heads of expenditure showed an excess over the estimates mainly as a result of the adoption of the Salaries Commission Report coupled with the fall in the sterling value of the dollar,