CO129-325 - Public Offices & Others - 1904 — Page 398

$

Copy the

HONG KONG-D

C 0.

10420

395 !

8 24 MAK 04:

REPORT OF THE COMPTROLLER AND AUDITOR GENERAL ON

THE ACCOUNT OF RECEIPTS AND EXPENDITURE OF THE

TREASURER OF HONG KONG FOR THE YEAR

1902.

1. The Revenue for the year 1902 amounted to $4,157,763.01 or, inclusive of Land Sales and Water Account, to $4,901,073.70. The Expenditure during the same period was $5,909,548.51. There was thus an excess of Expenditure over Revenue of $1,008,474.81.

2.

REVENUE.

The total Revenue of the year, amounting as stated above to $4,901,073.70 was $295,108.70 more

than the Estimate of $4,605,965 and exceeded the Revenue of 1901 by $687,180.48.

The estimated receipts of Revenue were exceeded under all Heads with the exception of "Interest" and "Water Account", which fell short of the Esti- mates by $2,996.08 and $14,050.53 respectively.

The differences between the amounts estimated and realised under Heads and. Sub-Heads are shown in the accompanying Detailed Statement of Revenue.

EXPENDITURE.

3. The total Expenditure of $5,909,548.51 exceeded the total Estimate by $1,350,593.25, and was greater than the Expenditure of 1901 by $1,797,826.02.

The excesses on the various Heads, amounting in gross, as shown in the Account, to $1,448,874.35, have been duly provided for by Supplementary Appro- priation Ordinance (No: 9 of 1903) with the exception

of

.....