Page 362
4
Hong Kong Annual Administration Reports, 1841-1941
COLONIAL REPORTS--ANNUAL.
REPORT ON THE BLUE BOOK FOR 1916.
1.-FINANCES.
The revenue for the year amounted to $13,833,387, being $2,424,377 more than the estimate and $2,047,280 more than the revenue for the previous year.
Compared with the returns for 1915 there were increases under every head with the exception of Light Dues.
The expenditure amounted to a total of $11,079,915, inclusive of a sum of $1,246,871 spent on Public Works Extraordinary.
The total expenditure brought to account though not incurred solely on account of the year under review amounted to $11,079,915, being $802,859 less than the estimate, and $4,069,353 less than the expenditure in 1915. Compared with the estimates there were decreases under 21 heads as against 4 heads where there were increases. The excess, amounting to $205,205, under Miscellaneous Services, was due to expenditure on account of the War, including the cost of the transport of prisoners of war to Australia. Military Expenditure was larger than the estimate by $72,375. The Harbour Department spent $41,595 extra, chiefly on special expenditure for acquisition of buoys in the harbour. Decreases were mostly due to savings on Personal Emoluments and high exchange.
The balance to the good on the year's working was $2,753,472, and the assets and liabilities account showed on the 31st December a credit balance of $2,300,785.
The following is a statement of the revenue and expenditure of the Colony for the five years 1912-1916:
Revenue. $ Expenditure. $ 1912 8,180,694 7,202,553 1913 8,512,308 8,658,012 1914 11,007,273 10,756,225 1915 11,786,106 15,149,267 1916 13,833,387 11,079,915The amount of the consolidated loan stands at £1,485,732. Against this there is at credit of the Sinking Fund a sum of £233,784.
A duty on tobacco was imposed during the year, estimated to bring in about $100,000 per annum. The actual figure collected for about a half-year was $211,180.
The currency of the Colony consists, in addition to the notes of the Hong Kong and Shanghai Bank, Chartered Bank of India, Australia & China, and Mercantile Bank of India, of British, Hong Kong, and Mexican dollars and of subsidiary coin.
362
4
Hong Kong Annual Administration Reports, 1841-1941
COLONIAL REPORTS--ANNUAL.
REPORT ON THE BLUE BOOK FOR 1916.
1.-FINANCES.
The revenue for the year amounted to $13,833,387, being $2,424,377 more than the estimate and $2,047,280 more than the revenue for the previous year.
Compared with the returns for 1915 there were increases under every head with the exception of Light Dues.
The expenditure amounted to a total of $11,079,915, inclusive of a sum of $1,246,871 spent on Public Works Extraordinary.
The total expenditure brought to account though not incurred solely on account of the year under review amounted to $11,079,915, being $802,859 less than the estimate, and $4,069,353 less than the expenditure in 1915. Compared with the estimates there were decreases under 21 heads as against 4 heads where there were increases. The excess, amounting to $205,205, under Miscellaneous Services, was due to expenditure on account of the War, including the cost of the transport of prisoners of war to Australia. Military Expenditure was larger than the estimate by $72,375. The Harbour Department spent $41,595 extra, chiefly on special expenditure for acquisition of buoys in the harbour. Decreases were mostly due to savings on Personal Emoluments and high exchange.
The balance to the good on the year's working was $2,753,472, and the assets and liabilities account showed on the 31st December a credit balance of $2,300,785.
The following is a statement of the revenue and expenditure of the Colony for the five years 1912-1916:
1912
1913
1914
1915
1916
Revenue.
$
Expenditure. $
8,180,694
7,202,553
8,512,308
8,658,012
11,007,273
10,756,225
11,786,106
15,149,267
13,833,387 11,079,915
The amount of the consolidated loan stands at £1,485,732. Against this there is at credit of the Sinking Fund a sum of £233,784.
A duty on tobacco was imposed during the year, estimated to bring in about $100,000 per annum. The actual figure collected for about a half-year was $211,180.
The currency of the Colony consists, in addition to the notes of the Hong Kong and Shanghai Bank, Chartered Bank of India, Australia & China, and Mercantile Bank of India, of British, Hong Kong, and Mexican dollars and of subsidiary coin.
No comments yet.
Private notes are available after approval.