Appendix A (1)
REPORT ON THE FINANCES FOR THE YEAR 1928.
REVENUE,
The total revenue for the year amounted to $24,968,399 being $4,865,009 more than the estimate and $3,623,863 more than the revenue in 1927.
Compared with that year there were increases under all heads except Licences and Internal Revenue, the most notable being an increase of $1,992,275 and $1,491,553 respectively in Miscellaneous Receipts and Land Sales.
2. The principal heads showing excess over the estimates were as follows:
EXCESS.
(a) Licences and Internal Revenue $517,790
(b) Fees of Court &c. 79,665
(c) Post Office 151,918
(d) Kowloon-Canton Railway 101,800
(e) Rent of Government Properties &c. 84,384
(f) Interest 170,515
(g) Miscellaneous Receipts 2,284,859
(h) Land Sales 1,485,236
It should be noted that (g) includes a sum of $1,963,359, which was recovered from the funds of the Public Works Loan (1927) on account of expenditure on Loan Works during the years 1923-1926.
The most striking feature in the above table is (h) which affords evidence of the improvement in local conditions, an improvement which is also reflected in the increased Postal and Radio Traffic (c) and Railway Receipts (d) the latter being mainly due to the running of the through service to Canton.
The considerable increase in (a) is largely due to Assessed Taxes, Liquor Duties and revenue from the Opium Monopoly.
3. The only head showing a deficit was Light Dues which fell below the amount estimated by $11,449.
Appendix A (1)
REPORT ON THE FINANCES FOR THE YEAR 1928.
REVENUE,
The total revenue for the year amounted to $24,968,399 being $4,865,009 more than the estimate and $3,623,863 more than the revenue in 1927.
Compared with that year there were increases under all heads except Licences and Internal Revenue, the most notable being an increase of $1,992,275 and $1,491,553 respectively in Miscellaneous Receipts and Land Sales.
2. The principal heads showing excess over the estimates were as follows:
EXCESS.
(a) Licences and Internal Revenue $ 517,790
....
(b) Fees of Court &c.
79,665
(c) Post Office
....
151,918
(d) Kowloon-Canton Railway
101,800
(e) Rent of Government Properties &c.
84,384
(f) Interest
170,515
(9) Miscellaneous Receipts
2,284,859
(h) Land Sales
1,485,236
It should be noted that (g) includes a sum of $1,963,359, which was recovered from the funds of the Public Works Loan (1927) on account of expenditure on Loan Works during the years 1923-1926.
1
The most striking feature in the above table is (h) which affords evidence of the improvement in local conditions, an im- provement which is also reflected in the increased Postal and Radio Traffic (c) and Railway Receipts (d) the latter being mainly due to the running of the through service to Canton.
The considerable increase in (a) is largely due to Assessed Taxes, Liquor Duties and revenue from the Opium Monopoly.
3. The only head showing a deficit was Light Dues which fell below the amount estimated by $11,449.
No comments yet.
Private notes are available after approval.