The Archive · 1940

Satisfactory

Hongkong, Ape, 1

The satisfactory. state of the Colony's finances, despite the sino-apanese hostilities and the European. war, is revealed. in. oficial statistics Which show a. surplus. balance $3,526,035.76 against an estimated oficit of $2,499,002 The estimated revenue for the year '$25,257,021, but the adai re~

Agure, while expenditure "only exceeded the estimate by $191,893.49.

Tevenic during 1990 was. $4,742. v 197.50 in excess of the figure for 1930, 'On the Feventio side, every head, save the Kowloon-Canton Railway, howed' increases over the 1031 figures. Duties yielded $1 yairist $0,105,121; lieenec internal revenue brought '586 compared with $15,008,020, the Post Office revenue increased from $2,918,028 in 1936 to $3,120,759.

Biggest increase on the expenditure side for the year was for charitable services, which angrogated $1,183,512, compared with $460,320 "in 1038, Outlay "on Hongkong, defences, ex: cluding the Military Contribution of '$6051,926 to the imperial "Govern mont," increased from $329.03 to $1,543.25.

This expenditure included $946.256 for ARP, against $104,501 in 1090.—Reuter.

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

Your account