CO129-623-8 Estimates of Expenditure- includes a report for the year ending March 1951 1-12-1949 - 31-3-1951 — Page 37

Ref. 16/4841/48.

SAVINGRAM

To the Secretary of State for the Colonies.

From the Governor, Hong Kong.

Date No...215

22

February, 1951.

CONFIDENTIAL

My Confidential Savingram No.1274 of the

(23)

1st December, 1950.

Financial position and policy.

Figures so far available for the first nine months of the current financial year, including estimates in respect of Crown Agents expenditure for November and December are as follows:-

Revenue

Expenditure

Estimated Surplus

2,

$207,727,520 142.135.000

$ 65,592,520

24

37

Particulars of revenue so far recorded under

the more important heads are as follows:-

Liquor Dutie s Tobacco Duties Other Duties Rates

Approved Estimates 1950/51

$9,300,000 18,000,000

Proportionate Estimate for 1st nine months

$ 6,975,000 13,500,000 9,000,000 16,138,500

Actual so far

recorded for 1st nine months

$11,508,584

24,107,328

20,446,365

20,506,165

12,000,000

21,518,000

Bets & Sweeps Tax

4,000,000

3,000,000

4,395,805

Earnings & Profits

Tax

44,000,000

33,000,000

27,867,753

Entertainment Tax

5,000,000

3,750,000

5,860,130

Estate Duty

2,000,000

1,500,000

4,298,345

Meals & Liquor Tax

3,000,000

2,250,000

2,661,657

Stamp Duties

12,000,000

9,000,000

Wireless Receiving

Licences

1,200,000

900,000

Fines

1,750,00

1,312,500

8,672,378

894,052 2,019,400

Forfeitures

2,250,000

1,687,500

2,894,167

Works Executed on

Private Account

2,000,000

1,500,000

1,030,342

Water Revenue

5,786,400

4,339,800

6,094,858

Post Office

10,095,000

7,571,250

11,121,603

Kowloon-Canton

Railway

7,004,000

5,253,000

7,994,862

Buildings & Furniture

1,400,000

1,050,000

1,232,259

Lands not Leased

1,650,000

1,237,500

2,103,448

Public Utility

Royalties

7,530,000

5,647,500

8,735,257

Land Sales

2,750,000

2,062,500

5,527,482

3.

2 ... 1001

Particulars of the major heads of expenditure,

excluding Crown Agents' expenditure in November and December are as follows:

Actual so far recorded for 1st nine months

Approved

Estimates

1950/51

Proportionate Estimate for 1st nine months

852,284

$

549,200

Civil Aviation Dept. $ 1,136,379