R 2
4.—REVENUE AND EXPENDITURE.
Table IV contains a statement of Postal Revenue and Expenditure for the year.
The total revenue from the Postal Service in 1930 amounted to $912,935.56, an increase on the previous year of $126,480.21. The Expenditure for 1930 amounted to $448,156.82 or $79,048.18 more than that of the previous year.
The balance of Revenue over Expenditure amounted to $464,778.74.
Table V shows Postage Stamps etc. of each denomination issued for sale during the years 1929 and 1930.
Table VI shows the Revenue and Expenditure of the Post Office for the ten years 1921 to 1930.
Table VII gives the Revenue from the sale of Postage Stamps, month by month, for the years 1929 and 1930.
The Revenue from this source during the past ten years was as follows:-
1921$548,379.02 1922$572,583.95 1923$654,667.66 1924$701,018.17 1925$595,645.08 1926$661,976.82 1927$733,106.13 1928$761,414.44 1929$780,151.28 1930$895,868.42In consequence of the depreciation of the exchange value of the Hong Kong Currency the following revised rates of postage came into force on 1st August, viz:-
Letters for local delivery.
Letters for Great Britain, Irish Free State and British Colonies and Protectorates.
Letters for All other countries except China & Macao
Circulars for local delivery
Newspapers for British Empire
8 cents for each additional ounce. 2 cents for each 2 ounces.