100
Appendix I.
CALCULATION OF DEFENCE CONTRIBUTION FOR THE YEAR 1923.
Estimated Revenue,
DEDUCT :—
CLASS I.
Opium Monopoly,
$
670,035 (1)
CLASS II.
Kowloon-Canton Railway,..................
694,000 (2)
CLASS IV.
Condemned Stores,
Widows' and Orphans' Pension Contributions,..
2,600 (3) 87,000 (4)
CLASS V.
Land Sales,
Interest ou 6% War Loan ($3,000,000),
Sinking Fund on above,
Revenue assessable to Defence Contributiou,
Add estimated arrears on account of 1922 Contribution,
Total...
(1) For details see Statement on next page. (2) C.O. Despatch No. 250 of 19th August, 1911:-
Gross Receipts,
Less Working Expenses including $465,007 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)
=£11,140,.
(3) C.O. Despatch No. 129 of 29th April, 1922.
(4) Ordinance No. 15 of 1908, s. 5.
(5) Ordinance No. 1 of 1901, s. 2.
Deficit,
18,567,270
600,000 (5) 180,000
200,000 (6)
2,433,635
16,133,635
20% of $16,133,635=
3,226,727
533,674 (7)
3,760,401
.$ 694,000
$ 1,022,775
343,183
98,057
1,444,015
$ 750,015
(6) Ordinance No. 1 of 1917.
(7) Estimated arrears on account of 1922 Military Contribution for 1923 Estimates :—
Revised Estimate of Revenue, 1922,
$20,718,720
Deduct :-
CLASS I.
Opium Monopoly,
.$ 376,160
CLASS II.
Kowloon-Canton Railway,
704,000
CLASS IV.
Condemned Stores,....
.....
Widows' and Orphans' Pensions Contributions,
18,000 84,730
CLASS V.
Land Sales,
Interest on 6% War Loan ($3,000,000),
2,500,000 180,000
Sinking Fund on above,
200,000
4,062,890
Revised Estimate of Revenue 1922 assessable to Military Contribution, Less Estimate of Revenue 1922 assessable to Military Contribution,
16,655,830
13,987,460
2,668,370
20% on $2,668,370,
533,674