Appendix A (1).
REPORT ON THE FINANCES FOR THE YEAR 1923.
REVENUE.
The total revenue for the year amounted to $24,783,763 being $6,216,493 more than the estimate and $2,492,698 more than the revenue in 1922. Compared with that year there were increases under all the heads except Kowloon Canton Railway.
2. The principal sub-heads showing excess over the estimate are as follows:-
(a) Liquor Duties, $64,993
(b) Opium Monopoly, $2,212,057
(c) Stamps, $774,807
(d) Tobacco Duties, $78,568
(e) Interest, $277,987
(f) Land Sales, $2,888,797
The increases are due (a), (b) and (d) to increased sales, (c) more assignments, (e) increased balances, (f) land boom.
3. The principal deficits compared with the Estimates were :-
(a) Assessed Taxes, $121,193
(b) Water Excess Supply and Meter Rents, $109,715
(c) Railway, Coaching Through $340,120
(d) Rent of Buildings, $18,503
(e) Permits for encroachments, etc., $19,157
(f) Conservancy Contracts $14,881
EXPENDITURE.
4. The total expenditure brought to account amounted to $21,571,905 being $1,011,930 less than the estimate, and $3,008,902 more than the expenditure in 1922.
Compared with the Estimates there were savings under twelve heads.
Miscellaneous expenditure exceeded the estimate by $1,285,783 mainly due to the following items :-
University, $176,000
Compensation in respect of Yaumati Ferry Service, $85,000
War Memorial Nursing Home, $200,000
Swatow Typhoon Relief Fund, $29,998
British Empire Exhibition, $250,000
Loss on Subsidiary Coins, $199,480
Japanese Earthquake Relief Fund, $250,000
Other Miscellaneous Services, $30,000
$1,220,478
Appendix A (1).
REPORT ON THE FINANCES FOR THE YEAR 1923.
REVENUE.
The total revenue for the year amounted to $24,783,763 being $6,216,493 more than the estimate and $2,492,698 more than the revenue in 1922. Compared with that year there were increases under all the heads except Kowloon Canton Railway.
2. The principal sub-heads showing excess over the estimate are as follows:-
(a) Liquor Duties,
...
(b) Opium Monopoly, (c) Stamps,
...
(d) Tobacco Duties,
•
(e) Interest,
(f) Land Sales,
...
...
...
1.
...
.$ 64,993 2,212,057 774,807 78,568 277,987 2,888,797
The increases are due (a), (b) and (d) to increased sales, (c) more assignments, (e) increased balances, (f) land boom.
3. The principal deficits compared with the Estimates were :-
(a) Assessed Taxes,
...
(b) Water Excess Supply and
Meter Rents,
...$ 121,193
109,715
(c) Railway, Coaching Through
340,120
(d) Rent of Buildings,
...
18,503
(e) Permits for encroachments, etc., (f) Conservancy Contracts
19,157
...
14,881
EXPENDITURE.
4. The total expenditure brought to account amounted to $21,571,905 being $1,011,930 less than the estimate, and $3,008,902 more than the expenditure in 1922.
Compared with the Estimates there were savings under twelve
heads.
Miscellaneous expenditure exceeded the estimate by $1,285,783 mainly due to the following items :-
University,
...
Compensation in respect of Yaumati
Ferry Service,...
...$ 176,000
...
War Memorial Nursing Home,
85,000 200,000
Swatow Typhoon Relief Fund,
29,998
British Empire Exhibition,
250,000
Loss on Subsidiary Coins,
199,480
Japanese Earthquake Relief Fund,
250,000
Other Miscellaneous Services,
30,000
$1,220,478
No comments yet.
Private notes are available after approval.