Appendix A (1)
HONG KONG.
REPORT ON THE FINANCES FOR THE YEAR 1932.
The Revenue for the year amounted to $33,549,716 and the Expenditure was $32,050,283. Revenue therefore exceeded Expenditure by $1,499,433. The approved estimated revenue for the year was $33,991,510 while the revised figure was $33,152,674, a decrease of $838,836. The approved estimate of expenditure for the year was shown as $34,981,661 including the sum of $1,000,000 from surplus balances, and the revised estimate amounted to $32,687,500 or $637,217 above the actual expenditure.
2. The following statement shows the Revenue and Expenditure for each of the years of the last decade:-
Year. Revenue. Expenditure. Surplus. Deficit. 1923 $24,783,763 $21,571,905 $3,211,858 1924 $24,209,640 $26,726,423 $2,516,783 1925 $23,244,366 $28,266,818 $5,022,452 1926 $21,131,582 $23,524,716 $2,393,134 1927 $21,344,536 $20,845,065 $499,471 1928 $24,968,399 $21,230,242 $3,738,157 1929 $23,554,475 $21,983,257 $1,571,218 1930 $27,818,473 $28,119,646 $301,173 1931 $33,146,724 $31,160,774 $1,985,950 1932 $33,549,716 $32,050,283 $1,499,433REVENUE.
3. Included in the total revenue for the year of $33,549,716 were two abnormal credits, viz., $222,873 and $238,794. The first of these items is a reimbursement from loan account in respect of the salaries of officers employed on loan works.