Appendix I.
CALCULATION OF DEFENCE CONTRIBUTION FOR THE YEAR 1921.
Estimated Revenue,
DEDUCT :—
CLASS I.
Light Dues, Special Assessment,
Opium Monopoly,
110,000 (1) 338,314 (2)
CLASS II.
Kowloon-Canton Railway,.....
549,000 (3)
CLASS IV.
Widows and Orphans' Pensions Contributions,
69,000 (4)
CLASS V.
Land Sales,
Interest on 6% War Loan ($3,000,000),
Sinking Fund on above,
Revenue assessable to Defence Contribution,
$
15,336,350
300,000 (5)
180,000
200,000
} (6)
1,746,314
13,590,036
20% of $13,590,036=
2,718,007
235,611 (7)
2,482,396
Deduct estimated overpayment on account of 1920 Contribution,
Total..
(1) C.O. Despatch No. 185 of 13th August, 1908.
(2) For details see Statement overleaf.
(3) C.O. Despatch No. 250 of 19th August, 1911:-
Gross Receipts,
Less Working Expenses including $382,310 under Special Expenditure for
Construction and Locomotive, Carriage, and Wagon Expenses, Interest @ 31% on Inscribed Stock Issue of 1906 (£1,143,933)=£40.038, Sinking Fund @ 1% on 3 % Inscribed Stock Issue of 1906 (£1,143,933)
£11,440,....
Deficit,
.$ 549,000
$ 898,308 240,228
68,640
1,207,176
.$ 658,176
(4) Ordinance No. 15 of 1908, s. 5.
(5) Ordinance No. 1 of 1901, s. 2.
(6) Ordinance No. 1 of 1917.
(7) Estimated overpayment on account of 1920 Military Contribution for 1921 Estimates:-
Revised Estimate of Revenue, 1920,
$14,177,478
Deduct:-
CLASS I.
Light Dues, Special Assessment,
110,000
Opium Monopoly,
363,560
CLASS II.
Kowloon-Canton Railway,
504,000
CLASS IV.
Widows and Orphans' Pensions Contributions,
54,200
CLASS V.
Land Sales,
266,400
Interest on 6% War Loan ($3,000,000),
130,000
Sinking Fund on above,
200,000
1,678,160
Revised Estimate of Revenue 1920 assessable to Military Contribution,
12,499,318
Estimate of Revenue 1920 assessable to Military Contribution, Less Revised Estimate of Revenne 1920 assessable to Military Contribution,
13,677,375
12,499,318
1,178,057
20% of $1,178,057,....
235,611
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