AnnualReport-1934 — Page 54

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Appendix A (1)

HONG KONG.

REPORT ON THE FINANCES FOR THE YEAR 1934.

The Revenue for the year amounted to $29,574,286 and the Expenditure was $31,149,156. Expenditure therefore exceeded Revenue by $1,574,870. The approved estimated revenue for the year was $31,731,626 while the revised figure was $29,670,634, a decrease of $2,060,991. The approved estimate of expenditure for the year was shown as $33,442,695, and the revised estimate amounted to $30,893,000. The actual expenditure was $256,156 above the revised estimates.

2. The following statement shows the Revenue and Expenditure for each of the years of the last decade:

Year Revenue Expenditure Surplus Deficit 1925 $23,244,366 $28,266,818 $5,022,452 1926 $21,131,582 $23,524,716 $2,393,134 1927 $21,344,536 $20,845,065 $499,471 1928 $24,968,399 $21,230,242 $3,738,157 1929 $23,554,475 $21,983,257 $1,571,218 1930 $27,818,473 $28,119,646 $301,173 1931 $33,146,724 $31,160,774 $1,985,950 1932 $33,549,716 $32,050,283 $1,499,433 1933 $32,099,278 $31,122,715 $976,563 1934 $29,574,286 $31,149,156 $1,574,870

3. The largest individual item of revenue is derived from the assessment tax, the sum of $6,608,229 being collected. This represents 22.33% of the total revenue or 22.76% of the revenue exclusive of land sales.

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Appendix A (1) HONG KONG. REPORT ON THE FINANCES FOR THE YEAR 1934. The Revenue for the year amounted to $29,574,286 and the Expenditure was $31,149,156. Expenditure therefore exceeded Revenue by $1,574,870. The approved estimated revenue for the year was $31,731,626 while the revised figure was $29,670,634, a decrease of $2,060,991. The approved estimate of expenditure for the year was shown as $33,442,695, and the revised estimate amounted to $30,893,000. The actual expenditure was $256,156 above the revised estimates. 2. The following statement shows the Revenue and Expenditure for each of the years of the last decade: Year Revenue Expenditure Surplus Deficit 1925 $23,244,366 $28,266,818 $5,022,452 1926 $21,131,582 $23,524,716 $2,393,134 1927 $21,344,536 $20,845,065 $499,471 1928 $24,968,399 $21,230,242 $3,738,157 1929 $23,554,475 $21,983,257 $1,571,218 1930 $27,818,473 $28,119,646 $301,173 1931 $33,146,724 $31,160,774 $1,985,950 1932 $33,549,716 $32,050,283 $1,499,433 1933 $32,099,278 $31,122,715 $976,563 1934 $29,574,286 $31,149,156 $1,574,870 3. The largest individual item of revenue is derived from the assessment tax, the sum of $6,608,229 being collected. This represents 22.33% of the total revenue or 22.76% of the revenue exclusive of land sales.

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Appendix A (1) HONG KONG. REPORT ON THE FINANCES FOR THE YEAR 1934. The Revenue for the year amounted to $29,574,286 and the Expenditure was $31,149,156. Expenditure therefore ex- ceeded Revenue by $1,574,870. The approved estimated revenue for the year was $31,731,626 while the revised figure was $29,670,634, a decrease of $2,060,991. The approved estimate of expenditure for the year was shown as $33,442,695, and the revised estimate amounted to $30,893,000. The actual expenditure was $256,156 above the revised estimates. 2. The following statement shows the Revenue and Ex- penditure for each of the years of the last decade:- Year. Revenue, Expendi- ture. Surplus. Deficit. $ $ 1925...... 23,244,366 28,266,818 1926...... 21,131,582 23,524,716 的 $ 5,022,452 2,393,134 499,471 1927... 21,344,536 20,845,065 1928...... 24,968,399 21,230,242 3,738,157 1929...... 23,554,475 21,983,257 1,571,218 1930...... 27,818,473 28,119,646 1931...... 33,146,724 31,160,774 1,985,950 1932...... 33,549,716 32,050,283 1,499,433 1933...... 32,099,278 31,122,715 1934...... 29,574,286 31,149,156 REVENUE. 301,173 976,563 1,574,870 3. The largest individual item of revenue is derived from the assessment tax, the sum of $6,608,229 being collected. This represents 22.33% of the total revenue or 22.76% of the revenue exclusive of land sales.

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Appendix A (1)

HONG KONG.

REPORT ON THE FINANCES FOR THE YEAR 1934.

The Revenue for the year amounted to $29,574,286 and the Expenditure was $31,149,156. Expenditure therefore ex- ceeded Revenue by $1,574,870. The approved estimated revenue for the year was $31,731,626 while the revised figure was $29,670,634, a decrease of $2,060,991. The approved estimate of expenditure for the year was shown as $33,442,695, and the revised estimate amounted to $30,893,000. The actual expenditure was $256,156 above the revised estimates.

2. The following statement shows the Revenue and Ex- penditure for each of the years of the last decade:-

Year.

Revenue,

Expendi-

ture.

Surplus.

Deficit.

1925...... 23,244,366

28,266,818

1926...... 21,131,582 23,524,716

的

5,022,452

2,393,134

499,471

1927... 21,344,536 20,845,065

1928...... 24,968,399 21,230,242 3,738,157

1929...... 23,554,475 21,983,257 1,571,218

1930...... 27,818,473 28,119,646

1931...... 33,146,724 31,160,774 1,985,950

1932...... 33,549,716 32,050,283 1,499,433

1933...... 32,099,278 31,122,715

1934...... 29,574,286 31,149,156

REVENUE.

301,173

976,563

1,574,870

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