CO129-541-2 Estimates 1931 14-10-1932 - 19-7-1934 — Page 99

Enchoruse No.5

Dop 4119

Appendix A (1)

HONG KONG.

REPORT ON THE FINANCES FOR THE YEAR 1933.

The Revenue for the year amounted to $32,099,278 and the Expenditure was $31,122,715. Revenue therefore exceeded Expenditure by $976,563. The approved estimated revenue for the year was $34,002,575 while the revised figure was $33,027,000, a decrease of $975,575. The approved estimate of expenditure for the year was shown as $35,199,247 including the sum of $500,000 from surplus balances, and the revised estimate amounted to $32,564,261 or $1,441,546 above the actual expenditure.

2. The following statement shows the

shows the Revenue and Expenditure for each of the years of the last decade:

Year.

Revenue. Expendi-

Surplus.

Deficit.

ture.

$

$

€A

$

1924......

24,209,640 26,726,423

2,516,783

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

1926...... 21,131,582 23,524,716

1927...... 21,344,536 20,845,065 499,471

1928...... 24,968,399 21,230,242 3,738,157

1929...... 23,554,475 21,983,257 1,571,218

1930...... 27,818,478 28,119,646

5,022,452

2,393,134

301,173

1931...... 33,146,724 31,160,774 1,985,950

1932..... 33,549,716 32,050,283 1,499,433

1933.... 32.099,278 31,122,715 976,563

REVENUE.

3. The largest individual item of revenue is derived from the assessment tax, the sum of $6,434,969 being collected. This represents 20.05% of the total revenue or 20.67% of the revenue exclusive of land sales.

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