Appendix A (1)
HONG KONG.
REPORT ON THE FINANCES FOR THE YEAR 1933.
The Revenue for the year amounted to $32,099,278 and the Expenditure was $31,122,715. Revenue therefore exceeded Expenditure by $976,563. The approved estimated revenue for the year was $34,002,575 while the revised figure was $33,027,000, a decrease of $975,575. The approved estimate of expenditure for the year was shown as $35,199,247 including the sum of $500,000 from surplus balances, and the revised estimate amounted to $32,564,261 or $1,441,546 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. 1924 $24,209,640 $26,726,423 $2,516,783 1925 $23,244,366 $28,266,819 $5,022,453 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 $27,818,478 $28,119,646 $301,168 1931 $33,146,724 $31,160,774 $1,985,950 1932 $33,549,716 $32,050,283 $1,499,433 1933 $32,099,278 $31,122,715 $976,563REVENUE.
3. The largest individual item of revenue is derived from the assessment tax, the sum of $6,434,969 being collected. This represents 20.05% of the total revenue or 20.67% of the revenue exclusive of land sales.