Appendix III.
CALCULATION OF DEFENCE CONTRIBUTION FOR THE YEAR 1927.
Estimated Revenne
DEDUCT
CLASS L
Opium Monopoly
788,786 (1)
CLASS II.
Kowloon-Canton Railway
609,100 (2)
CLASS IV.
Condemned Stores
Widows' and Orphans' Pensions Contributions
600 152,300
CLASS V.
21,007,397
101
Land Sales
Interest on 6% War Loan ($3,000,000)
300,000 (5) 180,000
Sinking Fund on above
200,000 (6)
2,230,786
Revenue assessable to Defence Contribution
18,776,611
20% of $18,776,611=
3,755,322
Deduct estimated excess on account of 1926 Contribution
232,316 (7)
Total
3,523,006
(1) For details see Statement on next page.
(2) C.O. Despatch No. 250 of 19th August, 1911:~
Gross Receipts,
Lexs Working Expenses including $61.800 under Special Expenditure for
Construction and Locomotive, Carriage, and Wagon Expenses, Interest @ 34% on Inscribed Stock Issue of 1906 (£1,143,933)=£40,038, Sinking Fund @ 1 % un 31⁄2 。 Inscribed Stock Issuc of 1906 (£1,143,933)
£11,440,.
(3) C.0. Despatch No. 129 of 29th April, 1922.
(4) Ordinance No. 15 of 1908, 8. 3.
(5) Ordinance No. 1 of 1901, s. 2.
Deficit.........
(6) Ordinance No. 1 of 1917,
(7) Estimated excess on account of 1926 Military Contribution for 1927 Estimates :
Estimate of Revenue 1926 assessable to Military Contribution, 1926., Revised Estimate of Revenue, 1926,
Deduct :-
CLASS I.
Opium Monopoly,
CLASS II.
Kowloon-Canton Railway,
CLASS IV.
Condemned Stores,
Widows' and Orphans' Pensions Contributions,
CLASS V.
Land Sales.
Interest on 6% War Loan: ($3,000,000),
Sinking Fund on above,
Revised Estiuate of lievenir. 1926 assessabie t.. Military Contribution,
Excess...
20% of $1,161,581,
609,100
* 650,085
400,380
114,400
1,164,813
$ 555,713
619,209
497,130
2,042
150,000
18,740,998
$ 19,486,657
258,359
180,000
200,000
1,907,240
17,579,437
1,161,581
232,316