Appendix A.
HONG KONG.
REPORT ON THE FINANCES FOR THE YEAR 1935.
The Revenue for the year amounted to $28,430,550 and the Expenditure was $28,291,636. Revenue therefore exceeded Expenditure by $138,914. The approved estimated revenue for the year was $30,585,650 while the revised figure was $28,328,034, a decrease of $2,257,616. The approved estimate of expenditure for the year was shown as $32,556,102, and the revised estimate amounted to $28,481,000. The actual expenditure was $189,364 below the revised estimates.
2. The following statement shows the Revenue and Expenditure for each of the years of the last decade:
Year. Revenue. Expenditure. Surplus. Deficit. 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 $28,554,475 $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 $1,499,433 1933 $32,099,278 $31,122,715 $976,563 1934 $29,574,286 $31,149,156 $1,574,870 1935 $28,430,550 $28,291,636 $138,914REVENUE.
3. The largest individual item of revenue is derived from the assessment tax, the sum of $6,130,391 being collected. This represents 21.56% of the total revenue or 21.75% of the revenue exclusive of land sales.