AnnualReport-1935 — Page 58

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Appendix A.

HONG KONG.

REPORT ON THE FINANCES FOR THE YEAR 1935.

The Revenue for the year amounted to $28,430,550 and the Expenditure was $28,291,636. Revenue therefore exceeded Expenditure by $138,914. The approved estimated revenue for the year was $30,585,650 while the revised figure was $28,328,034, a decrease of $2,257,616. The approved estimate of expenditure for the year was shown as $32,556,102, and the revised estimate amounted to $28,481,000. The actual expenditure was $189,364 below 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. 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 $28,554,475 $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 1935 $28,430,550 $28,291,636 $138,914

REVENUE.

3. The largest individual item of revenue is derived from the assessment tax, the sum of $6,130,391 being collected. This represents 21.56% of the total revenue or 21.75% of the revenue exclusive of land sales.

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Appendix A. HONG KONG. REPORT ON THE FINANCES FOR THE YEAR 1935. The Revenue for the year amounted to $28,430,550 and the Expenditure was $28,291,636. Revenue therefore exceeded Expenditure by $138,914. The approved estimated revenue for the year was $30,585,650 while the revised figure was $28,328,034, a decrease of $2,257,616. The approved estimate of expenditure for the year was shown as $32,556,102, and the revised estimate amounted to $28,481,000. The actual expenditure was $189,364 below 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. 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 $28,554,475 $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 1935 $28,430,550 $28,291,636 $138,914 REVENUE. 3. The largest individual item of revenue is derived from the assessment tax, the sum of $6,130,391 being collected. This represents 21.56% of the total revenue or 21.75% of the revenue exclusive of land sales.
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Appendix A. HONG KONG. REPORT ON THE FINANCES FOR THE YEAR 1935. The Revenue for the year amounted to $28,430,550 and the Expenditure was $28,291,636. Revenue therefore exceeded Expenditure by $138,914. The approved estimated revenue for the year was $30,585,650 while the revised figure was $28,328,034, a decrease of $2,257,616. The approved estimate of expenditure for the year was shown as $32,556,102, and the revised estimate amounted to $28,481,000. The actual expendi- ture was $189,364 below 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. $ $ $ $ 1926...... 21,131,582 23,524,716 1927...... 21,344,536 20,845,065 1928...... 24,968,399 21,230,242 3,738,157 1929...... 28,554,475 21,983,257 1,571,218 1930...... 27,818,473 28,119,646 2,393,134 499,471 301,173 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 1934...... 29,574,286 31,149,156 1935...... 28,430,550 28,291,636 976,563 1,574,870 138,914 REVENUE. 3. The largest individual item of revenue is derived from the assessment tax, the sum of $6,130,391 being collected. This represents 21.56% of the total revenue or 21.75% of the revenue exclusive of land sales.
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Appendix A.

HONG KONG.

REPORT ON THE FINANCES FOR THE YEAR 1935.

The Revenue for the year amounted to $28,430,550 and the Expenditure was $28,291,636. Revenue therefore exceeded Expenditure by $138,914. The approved estimated revenue for the year was $30,585,650 while the revised figure was

$28,328,034, a decrease of $2,257,616. The approved estimate of expenditure for the year was shown as $32,556,102, and the revised estimate amounted to $28,481,000. The actual expendi- ture was $189,364 below 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.

$

$

$

$

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

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

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

1929...... 28,554,475 21,983,257 1,571,218

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

2,393,134

499,471

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

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

1935...... 28,430,550 28,291,636

976,563

1,574,870

138,914

REVENUE.

3. The largest individual item of revenue is derived from the assessment tax, the sum of $6,130,391 being collected. This represents 21.56% of the total revenue or 21.75% of the revenue exclusive of land sales.

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