Appendix I.
CALCULATION OF DEFENCE CONTRIBUTION FOR THE YEAR 1920.
Estimated Revenue,
DEDUCT :-
CLASS I.
Light Dues, Special Assessment,
Opium Monopoly,
с
90,000 (1) 430,425 (2)
CLASS II.
Kowloon-Canton Railway,
482,000 (3)
CLASS IV.
Widows and Orphans' Pensions Contributions,
55,000 (4)
CLASS V.
Land Sales,
Interest on 6% War Loan ($3,000,000),
Sinking Fund on above,
Revenue assessable to Defence Contribution,
$
15,314,800
119
200,000 (5) 180,000
200,000 (6)
1,637,425
13,677,375
20% of $13,677,375=
2,735,475
151,003 (7)
2,886,478
Add estimated arrears on account of 1919 Contribution,...
(1) C.0. Despatch No. 185 of 13th August, 1908.
Total,....
(2) For details see Statement overleaf.
(3) C.O. Despatch No. 250 of 19th August, 1911-
Gross Receipts,
Less Working Expenses including $372,904 under Special Expenditure for
Construction and Locomotive, Carriage, and Wagon Expenses, Interest @ 31% on Inscribed Stock Issue of 1906 (£1,143,933)=£40,038, Sinking Fund @ 1% on 3 % Inscribed Stock Issue of 1906 (£1,143,933)
£11,440,......
(4) Ordinance No. 15 of 1908, s. 5.
Deficit,
482,000
$ 792,997 266,920
76,267
1,136,181
.$ 654,184
(5) Ordinance No. 1 of 1901, s. 2.
(6) Ordinance No. 1 of 1917.
(7) Estimated Arrears op account of 1919 Military Contribution for 1920 Estimates :-
Revised Estimate of Revenue, 1919,
Deduct :-
$17,056,410
CLASS I.
Light Dues, Special Assessment,
80,000
Assessed Taxes, Special War Rate, Opium Monopoly,
549,000
687,830
CLASS II.
Kowloon-Canton Railway,
472,000
CLASS IV.
Widows and Orphans' Pensions Contributions,
47,300
CLASS V.
Land Sales,
200,000
Interest on 6% War Loan ($3,000,000),
180,000
Sinking Fund on above,
200,000
2,416,130
Revised Estimate of Revenue 1919 assessable to Military Contribution, Less Estimate of Revenue 1919 assessable to Military Contribution,
14,640,280
13,885,265
755,015
20% of $755,015,..
151,003