Appendix A (1)
REPORT ON THE FINANCES FOR THE YEAR 1927.
REVENUE.
The total revenue for the year amounted to $21,344,536 being $337,139 more than the estimate and $212,954 more than the revenue in 1926.
Compared with that year there were increases under all heads except Miscellaneous Receipts and Land Sales, the most notable being an increase of $1,227,784 in Licences and Internal Revenue.
2. The principal sub-heads showing excess over the estimates were as follows:-
EXCESS.
(a) Assessed Taxes $47,159
(b) Forfeitures 25,943
(c) Hawkers Licences 20,483
(d) Liquor Licences 41,445
(e) Opium Monopoly 344,371
(f) Medical Examination of Emigrants 60,109
(g) Post Office Message Fees 53,838
(h) Post Office Postage 47,109
(i) K.C.R. Passenger Service, Passenger, Foreign Line 107,184
(j) K.C.R. Goods Service, Goods, Foreign Line 26,580
(k) K.C.R. Auxiliary Operations Foreign Haulage 67,819
(l) Leased Lands (Crown Rent) 36,691
(m) Interest 263,087
(n) Compensation in lieu of Rates 27,052
(o) Other Miscellaneous Receipts 308,712
The above increases may be attributed generally to the great improvement in local trading conditions. Items (i), (l) & (k) are due to the resumption of the through service to Canton and the large increase in (m) was brought about by the transfer of accumulated interest on the money deposited in London towards the cost of the Singapore Base.
The transfer to revenue of profit on exchange and the surplus of the Local War Loan Sinking Fund resulted in (o) and increased sales of opium accounted for (e).
Appendix A (1)
REPORT ON THE FINANCES FOR THE YEAR 1927.
REVENUE.
The total revenue for the year amounted to $21,344,536 being $337,139 more than the estimate and $212,954 more than the revenue in 1926.
Compared with that year there were increases under all heads except Miscellaneous Receipts and Land Sales, the most notable being an increase of $1,227,784 in Licences and Internal Revenue.
2. The principal sub-heads showing excess over the estimates were as follows:-
EXCESS.
(a) Assessed Taxes
$ 47,159
(b) Forfeitures
(c) Hawkers Licences
25,943
20,483
(d) Liquor Licences
41,445
(e) Opium Monopoly
344,371
(f) Medical Examination
of
Emigrants
60,109
(g) Post Office Message Fees .....
53,838
(h) Post Office Postage
47,109
(i) K.C.R. Passenger
Service,
Passenger, Foreign Line
107,184
(j) K.C.R. Goods Service, Goods,
Foreign Line
26,580
(k) K.C.R. Auxiliary Operations Foreign Haulage
67,819
(1) Leased Lands (Crown Rent)
36,691
(m) Interest
263,087
(n) Compensation in lieu of Rates.
27,052
308,712
(0) Other Miscellaneous Receipts
The above increases may be attributed generally to the- great improvement in local trading conditions. Items (i), (1) & (k) are due to the resumption of the through service to Canton and the large increase in (m) was brought about by the transfer of accumulated interest on the money deposited in London towards the cost of the Singapore Base.
The transfer to revenue of profit on exchange and the surplus of the Local War Loan Sinking Fund resulted in (0) and increased sales of opium accounted for (e).
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