M 24
51. EXPENDITURE AND REVENUE FOR THE PAST TEN YEARS.
Year Personal Emoluments & Other Charges Special Expenditure Total Expenditure Total Revenue 1923 400,708.42 1,053.34 401,761.76 182,354.18 1924 498,362.56 4,520.33 502,282.89 205,598.37 1925 548,703.64 75,537.46 624,241.10 194,547.75 1926 701,717.93 34,451.05 736,168.98 255,070.19 1927 721,623.32 16,409.47 738,032.79 307,744.48 1928 808,412.61 23.37 808,435.98 306,347.62 1929 878,058.19 17,061.08 895,119.27 299,524.51 1930 1,172,791.22 1931 1,325,353.30 51,305.06 1,224,096.28 267,887.66 1932 1,316,575.34 52,697.76 1,378,051.06 243,256.99 6,689.20 1,323,264.54 260,164.87 Total $8,372,306.53 $259,748.12 $8,632,054.65 $2,522,496.6252. In drawing comparisons between the expenditure and revenue of different years it should not be forgotten that the Hong Kong dollar is based on silver and its value rises and falls with the price of that metal. Most of the European officers draw sterling salaries and the bulk of the drugs, dressings and instruments are obtained from England and paid for in sterling. With the exchange at a shilling, the number of dollars expended on sterling priced material, is double what it would have been had the exchange been two shillings to the dollar.
RATIO OF EXPENDITURE ON MEDICAL AND SANITARY SERVICES TO TOTAL REVENUE FROM ALL SOURCES.
53. The total revenue of the Colony from all sources was estimated at $33,991,510.00.