ENG-1952 — Page 70

HONG KONG ANNUAL REPORT, 1952

$

$

(d) Water Revenue

8,155,000

8,339,000

(e) Postal Revenue

14,547,000

13,436,000

(f) Kowloon Canton Railway

10,251,000

5,432,000

(g) Miscellaneous Fees, Payments

for Services and Sales of Government Property

22,065,000

20,252,000

(h) Miscellaneous Licences, Fines

and Forfeitures

16,453,000

15,997,000

(i) Miscellaneous Receipts includ-

16,482,000

15,123,000

ing Royalties (j) Revenue from Land Rents, etc. 13,011,654 17,013,000

In 1951/52 revenue exceeded the estimate by a substantial margin of $60,764,398 although this amount was not as great as the previous year's excess of $87,588,936.

The main reasons for the excess remain. It is difficult to estimate with any degree of accuracy in view of the large increase in the population of the Colony and the corresponding enlargement of the sources of the Colony's revenue. Further, the general- ly unsettled conditions in the Far East, operating adversely on the trade of Hong Kong, make it inadvisable to budget on anything but a most conservative estimate.

Expenditure

The major items of expenditure during the year 1951/52 were in round figures:-

(a) Miscellaneous Services (including con- tributions towards the cost of reinforcing the garrison, $15,000,000, loan expenditure $25,793,925 and cost of living allowance $22,640,078)

(b) Education Department

(c) Fire Brigade

(d) Kowloon-Canton Railway

(e) Marine Department

$88,576,028

$ 6,371,260

$ 2,529,322

$ 4,743,188 $ 7,746,701

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