CO129-536-1 Estimates- 1932 3-9-1931 - 16-6-1933 — Page 20

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Appendix A (1)

HONG KONG.

REPORT ON THE FINANCES FOR THE YEAR 1932.

The Revenue for the year amounted to $33,549,716 and the Expenditure was $32,050,283. Revenue therefore exceeded Expenditure by $1,499,433. The approved estimated revenue for the year was $33,991,510 while the revised figure was $33,152,674, a decrease of $838,836. The approved estimate of expenditure for the year was shown as $34,981,661 including the sum of $1,000,000 from surplus balances, and the revised estimate amounted to $32,687,500 or $637,217 above the actual expenditure.

2. The following statement shows the Revenue and Expenditure for each of the years of the last decade:-

Year.

Revenue.

Expendi

ture.

Surplus.

Deficit.

$

$

$

GA

$

€9

1923...... 24,783,763 21,571,905 3,211,858

1924...... 24,209,640 26,726,423

2,516,788

1925...... 23,244,366 28,266,818

5,022,452

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...... 23,554,475 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

REVENUE.

3. Included in the total revenue for the year of $33,549,716 were two abnormal credits, viz., $222,873 and $238,794. The first of these items is a re-imbursement from loan account in respect of the salaries of officers employed on loan works.

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