Appendix A (1).
REPORT ON THE FINANCES FOR 1911.
REVENUE.
The total Revenue for the year amounted to $7,497,231 being $410,848 in excess of the Estimate and $536,362 in excess of the Revenue for 1910.
The Ordinary Revenue was $7,227,226 being $240,843 in excess of the Estimate, and the Revenue from Land Sales came to $270,005 as against the usual Estimate of $100,000.
The principal sub-heads of increase are as follows:-
(a.) Forfeitures, $16,808
(b.) Stamp Duties, 135,419
(c.) Deeds Registration, 13,373
(d) Medical Examination of Emigrants, 24,770
(e.) Markets, 11,492
(f.) Imperial Contribution on account of Opium Revenue, 133,953
(g.) Kowloon-Canton Railway, 46,735
(h.) Land Sales, 170,005
of which (a) was due to two large confiscations of Opium and Cocaine, (b) to probate duty on a large estate, (e), (d), (e), (g) and (h) to more business done, and (f) to the item not having been agreed upon when the Estimates were framed.
The decreases on the other hand were chiefly as follows:-
(a.) Light Dues, $5,618
(b.) Fines, 16,048
(c.) Liquor Duties, 107,985
(d.) Liquor Licences, 13,764
(e.) Public School Fees, 10,811
(f.) Water Excess Supply and Meter Rents,
(g.) Slaughter House Fees, 9,479
(h.) Loss on Postal Agencies, 11,019
24,000
Of these (a), (b), (c), (e), (f) and (g) are accounted for by business not being up to expectations although (c) "liquor duties" were actually raised in the early part of the year; (d) by Publicans having been allowed to pay their fees in quarterly instalments instead of the whole year's fee in November as usual, and (h) by the fact that the matter has not yet been settled with the Imperial Government.
Arrears of Revenue that could practicably be collected and amounts written off as bad dues during the year were in both cases comparatively small sums, although it is hoped that collection will be improved when the Crown Solicitor's new Department has acquired experience in this regard.
Appendix A (1).
REPORT ON THE FINANCES FOR 1911.
REVENUE.
The total Revenue for the year amounted to $7,497,231 being $410,848 in excess of the Estimate and $536,362 in excess of the Revenue for 1910.
The Ordinary Revenue was $7,227,226 being $240,843 in excess of the Estimate, and the Revenue from Land Sales came to 270,005 as against the usual Estimate of $100,000.
The principal sub-heads of increase are as follows:-
(a.) Forfeitures,
(c.) Deeds Registration,
$ 16,808
(b.) Stamp Duties,
135,419
13,373
(d) Medical Examination of Emigrants,
24,770
11,492
(f.) Imperial Contribution on account of Opium
Revenue,
133,953
(g.) Kowloon-Canton Railway,
46,735
(h.) Land Sales,
170,005
(e.) Markets,
of which (a) was due to two large confiscations of Opium and Cocaine, (b) to probate duty on a large estate, (e), (d), (e), (g) and (h) to more business done, and (f) to the item not having been agreed upon when the Estimates were framed.
The decreases on the other hand were chiefly as follows:-
(a.) Light Dues,
$ 5,618
(b.) Fines,.
16,048
(c.) Liquor Duties,
107,985
(d.) Liquor Licences,
13,764
(e.) Public School Fees,
10,811
(f.) Water Excess Supply and Meter Rents, (9.) Slaughter House Fees,.
9,479
11,019
(h.) Loss on Postal Agencies,
24,000
Of these (a), (b), (c), (e), (f) and (g) are accounted for by business not being up to expectations although (c) "liquor duties" were actually raised in the early part of the year; (d) by Publicans having been allowed to pay their fees in quarterly instalments instead of the whole year's fee in November as usual, and (h) by the fact that the matter has not yet been settled with the Imperial Government.
Arrears of Revenue that could practicably be collected and amounts written off as bad dues during the year were in both cases comparatively small sums, although it is hoped that collection will be improved when the Crown Solicitor's new Department has acquired experience in this regard.
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