CO129-623-3 Supplementary Expenditure- general correspondence on the allocation of funds and an annual report for the... 1-3-1950 - 30-9-1950 — Page 43

CO129 Colonial Office Hong Kong Records 理藩院香港檔案 All

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APPENDIX

STATEMENT OF REVENUE IN THE YEAR 1948/49, UNDER HEADS AND

No. V.

SUB-HEADS AS COMPARED WITH THE ESTIMATES

Heads and Sub-heads.

Estimated.

Actual.

Over the Estimate.

G.

Brought Forward

140,413,750 176,785,812.60 43,663,247.36

9. REVENUE FROM LAND RENTS,

PROPERTIES AND INVESTMENTS.

Buildings and Furniture

400,000 1,202,791.55

802,791.55

Gunpowder Storage

20,000

39,920.87

19,920.87

Hire of Government Motor Vehicles

300,000

365,568.00|

65,568.00

Interest

250,000

539,174.19 |

289,174.19

Lands Not Leased (Permits for Encroachments,

etc.)

500,000

Laundries

6,000

Leased Lands; (Crown Rent Exclusive of N.T.)

670,000

879,120.70

6,129.00

704,638.15

379,120.70

129.00

34,638.15

Leased Lands, (Crown Rent N.T.)

300,000

310,178.70

10,178.70

Markets

Piers

l'ineapple Land Leases

Stone Quarries

800,000

37,000

100

30,000

1,027,698.04

227,698.04

127,186.26

105.10

44,838.65

90,186.26

5.10

14,838.65

Total

10. MISCELLANEOUS RECEIPTS.

Overpayments in previous years

3,313,100

5,247,849.21

1,934,249.21

Other Miscellaneous Receipts

80,000

250,000

936,348.20 |

833,967.27

856,348.20

583,967.27

Radio and Telegraph Concession

Repayment of Building Loans

340,000

6,000

351,031.88

11,031.88

20,000.00

14,000.00

Repayment of Loans

70.600.00

70,600.00

Royalty payable by the China Motor Bus Co., Ltd.

Royalty payable by the H.K. Telephone Co., Ltd.

375,000

100,000

903.052.12

174,126.76

528,052.12

71,126.76

Under the Estimate.

C.

7,291,184.76

Carried Forward

1,151,000

3,289,126.23 2,138,126.23

Carried Forward

143,726,850

182,033,161.81 45,597,496.57

7,291,184.76

Explanatory Remarks.

Revised charges and more fully furnished quarters available.

More explosives stored.

Arrears due from outside sources assessed and paid during 1948/49. Larger cash balances available for short term investment.

More permits issued. Fees revised.

Increase of rents on renewal and new leases.

Further leases issued.

Rents increased and higher prices paid for stalls. Additional Piers rented; partly offset by increased expenditure.

More building.

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Exceptional recoveries for petrol and stores supplied in previous years. Includes an unexpected big credit from the Crown Agents, being this Colony's share

of their surplus income for 1947.

Includes balance of royalties due from previous years,

Improved financial position of Diocesan Boys' School permitted of bigger loan re-

payments than anticipated.

Repayments of loans to various schools sanctioned after the Estimates were

compiled.

Increased travelling facilities and population,

Expansion of services and increased demands.

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