I. FINANCES.
The revenue for the year amounted to $17,728,132 being $2,391,782 more than the estimate and $3,038,460 more than the revenue for the previous year.
Compared with the returns for 1920 there were increases under every head.
The expenditure amounted to a total of $15,739,652 inclusive of a sum of $3,053,525 spent on Public Works Extraordinary.
The detailed figures for 1921 are set out in the following statements:--
HEADS OF REVENUE. $ C. Light Dues 106,417.09 Light Dues, Special Assessment - Licences and Internal Revenue not otherwise specified 115,710.44 Fees of Court or Office, Payments for specific purposes, and Reimbursements in Aid 11,644,243.90 Post Office 1,194,673.94 Kowloon-Canton Railway 663,914.42 Rent of Government Property, Land, and Houses 603,980.77 Interest 1,158,188.80 Miscellaneous Receipts 359,473.33 TOTAL, (Ordinary) 247,431.70 Land Sales, (Premia on New Leases) $16,094,034.39 TOTAL 1,634,097.55 $17,728,131.94The total expenditure brought to account amounted to $15,739,652 being $1,609,498 less than the estimate, and $1,250,058 more than the expenditure in 1920. Compared with the estimates there were increases under 18 heads as against 8 heads where there were decreases. The excess amounting to $196,971 under Miscellaneous Services was due to transport of Government servants, and $210,530 in the case of Kowloon-Canton Railway due to two motor coaches and motor trailer. Military Expenditure was less than the estimate by $202,100 due to recovery of amount overpaid in 1920. Imports and Exports Department shows a saving of $254,080 due to less purchase of Opium and Public Works Extraordinary was less by $1,913,874 than the amount estimated. The item Charge on account of Public Debt was responsible for an excess over the estimates of $108,244 due to lower exchange.
I. FINANCES.
The revenue for the year amounted to $17,728,132 being $2,391,782 more than the estimate and $3,038,460 more than the revenue for the previous year.
Compared with the returns for 1920 there were increases under every head.
The expenditure amounted to a total of $15,739,652 inclusive of a sum of $3,053,525 spent on Public Works Extraordinary.
The detailed figures for 1921 are set out in the following
statements :--
HEADS OF REVENUE.
$
C.
Light Dues
106,417.09
-
Light Dues, Special Assessment
Licences and Internal Revenue not otherwise
specified
Fees of Court or Office, Payments for specific purposes, and Reimbursements in Aid -
115,710.44
11,644,243.90
1,194,673.94
Post Office
663,914.42
Kowloon-Canton Railway
603,980.77
Rent of Government Property, Land, and
Houses
1,158,188.80
Interest
359,473.33
Miscellaneous Receipts
247,431.70
TOTAL, (Ordinary)-
Land Sales, (Premia on New Leases)
$16,094,034.39
1,634,097.55
TOTAL
$17,728,131.94
The total expenditure brought to account amounted to $15,739,652 being $1,609,498 less than the estimate, and $1,250,058 more than the expenditure in 1920. Compared with the estimates there were increases under 18 heads as against 8 heads where there were decreases. The excess amounting to $196,971 under Miscel- laneous Services was due to transport of Government servants, and $210,530 in the case of Kowloon-Canton Railway due to two motor coaches and motor trailer. Military Expenditure was less than the estimate by $202,100 due to recovery of amount overpaid in 1920. Imports and Exports Department shows a saving of $254,080 due to less purchase of Opium and Public Works Extraordinary was less by $1,913,874 than the amount estimated. The item Charge on account of Public Debt was responsible for an excess over the estimates of $108,244 due to lower exchange.
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