Owing to the change in the financial year, the figures for the fifteen months of 1940/41 are not comparable with those of the previous year. For the purposes of this statement, therefore, the actual revenue collected during the twelve months April 1940 to March 1941, corresponding to the new financial year, have been used.
| Specify each separate Tax or Duty according to the classifications employed in the Estimates | Amount collected in 1939 | Amount collected in April 1940 to March 1941 | Increase | Decrease | Cause of Increase or Decrease |
|---|---|---|---|---|---|
| 1.—DUTIES | |||||
| Import Duty on Liquor | 212,165.93 | ... | ... | ... | ... |
| Do., Motor Spirit | 1,826,797.69 | ... | ... | ... | Increased rate of duty and imposition of new duty on heavy and other hydrocarbon oils. |
| Do., Perfumed Spirits | ... | ... | ... | 7,543.99 | Decreased consumption. |
| Tobacco | 6,362,972.58 | 7,942,817.65 | 1,579,845.07 | ... | Increased rate of duty. |
| Duty on locally manufactured liquor | 154,306.28 | 146,702.29 | ... | 7,603.99 | ... |
| Duty on Table Waters | 17,664.81 | 17,004.81 | ... | 660.00 | ... |
| Total | 11,156,449.01 | 15,842,555.30 | 4,193,650.34 | 7,543.99 | |
| 2.—ASSESSED TAXES | |||||
| Assessed Taxes (Rates), H.K. | 6,776,168.00 | 7,363,806.16 | 587,138.16 | ... | Increased assessments. |
| Kowloon | 8,294.36 | 8,694.00 | 399.64 | ... | ... |
| N.T. North | 4,842.00 | 5,131.00 | 289.00 | ... | ... |
| N.T. South | ... | 489.50 | ... | ... | ... |
| Total | 6,789,104.36 | 7,377,131.66 | 588,027.30 | ... | |
| 3.—INTERNAL REVENUE | |||||
| Bets and Sweeps Tax | 248,713.01 | 457,240.65 | 208,527.64 | ... | Increased rate of tax and increased sale of Sweepstake Tickets. |
| Entertainment Tax | 351,988.95 | 398,122.05 | 46,133.10 | ... | Opening of new cinemas and increased attendances. |
| Estate Duty | 721,527.75 | 1,039,921.11 | 318,393.36 | ... | Variable. |
| Stamp Duties | 2,531,108.72 | 2,708,369.08 | 177,260.36 | ... | Increased business activity. |
| Total | 3,853,338.43 | 4,603,652.89 | 750,314.46 | ... | |
| 4.—LICENCES, FINES & FORFEITURES | |||||
| (4) Licences | |||||
| Air Services | 735.00 | 605.00 | ... | 130.00 | ... |
| Arms | 24,790.00 | 14,500.00 | ... | 10,290.00 | Licences withdrawn. |
| Auctioneers | 1,250.00 | 1,275.00 | 25.00 | ... | ... |
| Billiard Table | 1,500.00 | 1,500.00 | ... | ... | ... |
| Carried forward | 28,275.00 | 17,880.00 | 25.00 | 10,420.00 |
(C3)
COMPARATIVE YEARLY STATEMENT OF THE REVENUE,
Owing to the change in the financial year, the figures for the fifteen months ol 1940/41 are not comparable with those of the previous year. For the purposes of this statement, therefore, the actual revenue collected during the twelve months April 1940 to March 1941, corresponding to the new financial year, have been used.
Specify each separate Tax or Dutyj
according to the classifications
employed in the Estimates.
Amount
Amount collected in
1939.
cuilected in April, 1940 to
Marel, 1941;
Cause of Incrense
Increuse.
Decrease.
or Decrease.
1.-DUTIES.
$
C.
0.
Import Duty on Liquor,
Do.,
Motor Spirit,
212,165.93 1,826,797.69 2,039.203.62 1,395,516.72 3,747,858.56 2,352.341.84|
Do.,
Do..
Perfumed Spirits
Tobacco,
154,306.28 146,702.29
6,362,972.58 7,942,817.65 1,579.845.07
Increased rate of duty.
Increased rate of duty and imposition of new duty ou heavy and other hydro-
carbou oils.
7,543.99 Decreased consumption.
Increased rate of duty.
Duty on locally manufactured
liquor,
Doty on Table Waters
Total.........
2.—ASSESSED TAXES.
Assassad Taxes (Bates), H.K.
1,416.855.74 1,448.188.43 31,832.60,
17,664.81 17.004.81
11,156,449.01·15,842,555.30 4.193.650.34
du.
New len
I
7,543.99-
20
6,776,168.00 7,363,806.16 587,138.16
Increased assessments.
Kowloon
"
N.T. North,...
PR
N.T. South....
8,294.36
4,842.00
8,694.00
309.61
489.50
П
#
Total..........
588,027.30
8.-INTERNAL REVENUE.
Bets and Sweeps Tax,
248,713.01 457,240.65
208.327.84
Increased
Entertainment Tax,
351,988.95 398,122,05
46,133.10.
!
Estate Duty
Stamp Duties
721,527,75 1.039,921.11'
2,531,108.72 2,708,369.08'
319,303.36
rate of tax and Increased ule of Sweep-
stake Tickets,
Opening of new cinemas sad
increased attendances.
Variable.
172.260.31
Increased business activity.
Tola!.......
8,853,338.43 4,388,652.84′
745.314.41
4-LICENCES, FINES &
FORFEITURES.
(4) Licences.
Air Services,
735.00
Arms,
Abetioneers,
Billiard Table,
Carried forward,..
24,790.00
1,250.00
1,500.00
28.275.00 17.880.00
605.00
14,500.00
1,275.00
1,500.00
180.00
10.290,00 Licences withdrawn.
25.00
25.00)
10.420.00
3
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