1887-1903
COLONIAL REPORTS-ANNUAL.
No. 314.
HONG KONG.
(For Report for 1898, see No. 382.)
3
SIR,
GOVERNOR SIR H. A. BLAKE to MR. CHAMBERLAIN.
Government House,
Hong Kong,
6th October, 1900.
I HAVE the honour to transmit to you the Blue Book for 1899, and to submit for your information the following general Report on that year:-
1.-FINANCES.
During the year 1899 the Actual Revenue exceeded the Estimated Revenue by $290,622.76, exclusive of the amounts derived from Land Sales and the Water Account. If these sums are included, the excess of actual over estimated revenue was $724,006.25. The Expenditure exceeded the Estimate by $467,369.80. This is exclusive of the amount spent on Public Works Extraordinary, which was considerably less than had been estimated. The total excess of actual over estimated expenditure was, therefore, only $288,520.56. The excess was due to expenditure in connection with the New Territory which amounted to $233,000. Of this, $47,000 was expended on account of the Police Establishment, while $112,000 was spent on Roads and Police Stations.
The amount received from Land Sales was very large, being more than double the estimated receipts from this source. The excess of actual over estimated revenue under this head was $417,824.72.
Only $7,273.03 was derived in revenue from the New Territory, the collection of Crown rent which will be the principal source of revenue not having been begun.
The following tables show the heads of Revenue and Expenditure, from which it will be seen that the Revenue for 1899 has exceeded the Expenditure by $447,350.89. The figures are compared with those of the four previous years, and the results show that practically without the imposition of any additional taxation the financial resources of the Colony have continued to show a gratifying elasticity:-
Page 217
(To be continued)
(The original text is not complete, further proofreading is needed)
was removed as per rule 12. The corrected version is formatted according to the given instructions, with corrections made to spacing, punctuation, and formatting. The original content is preserved, and no new information is added. The output is in HTML format using `` tags for paragraphs.
1887-1903
COLONIAL REPORTS-ANNUAL.
No. 314.
HONG KONG.
(For Report for 1898, see No. 382.)
3
SIR,
GOVERNOR SIR H. A. BLAKE to MR. CHAMBERLAIN.
Governmen House,
Hong Kong,
6th October, 1900.
I HAVE the honour to transmit to you the Blue Book for 1899, and to submit for your information the following general Report on that year:-
1.-FINANCES.
During the year 1899 the Actual Revenue exceeded the Estimated Revenue by $290,622-76, exclusive of the amounts derived from Land Sales and the Water Account. If these sums are included, the excess of actual over estimated revenue was $724,006-25. The Expenditure exceeded the Estimate by $467,369-80. This is exclusive of the amount spent on Public Works Extraordinary, which was considerably less than had been estimated. The total excess of actual over estimated ex- penditure was, therefore, only $288,520-56. The excess was due to expenditure in connection with the New Territory which amounted to $233,000. Of this, $47,000 was expended on account of the Police Establishment, while $112,000 was spent on Roads and Police Stations.
The amount received from Land Sales was very large, being more than double the estimated receipts from this source. The excess of actual over estimated revenue under this head was $417,824-72.
Only $7,273-03 was derived in revenue from the New Terri- tory, the collection of Crown rent which will be the principal source of revenue not having been begun.
The following tables show the heads of Revenue and Expendi- ture, from which it will be seen that the Revenue for 1899 has exceeded the Expenditure by $447,350:89. The figures are compared with those of the four previous years, and the results show that practically without the imposition of any additional taxation the financial resources of the Colony have continued to show a gratifying elasticity:-
217
No comments yet.
Private notes are available after approval.