The Archive · 1928

Increasing Revenue

The revenue of Hongkong: for July amounted to over two million This sum is very materially larger than has been recorded for many months. Up to the of July altogether $6,130,555 has. been recorded, as compared with a balance of $5,638,816 received in June. The revenue for the month totalled $2,180,443, while the rece= pts for July last 9 403. The month's expe to $1,608,704, as aye 08 last For the first seven months of the year, the total income was $13,600, 867 As against $11,590,905 in 1927.

Expenditure from January to July inclusive was $11,476,078, while the amount for the same period last year was $10,779,004. Taking the seven months together, every head~ ing of revenue showed an increase excepting interest, the biggest advance being in licences and internal revenue not otherwise speci fied, which showed a rise of $964,- 496. Tand sales during the period brought in $763,519, $67,167 a year ago.

Text read from the printed page and cleaned; old type leaves the occasional error.

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