102
Appendix III.
CALCULATION OF DEFENCE CONTRIBUTION FOR THE YEAR 1928.
Estimated Revenue
DEDUCT :-
CLASS 1.
Opinu Monopoly
736,045 (1)
CLASS H.
Kowloon-Canton Railway
719,195 (2)
CLASS IV.
Condemned Stores
Widows and Orphans' Peusions Contributions
Land Sales
CLASS V.
15,000 (8) 170.000-
20,103,390
150,000 (5)
1,790,240
Revenue assessable to Defence Contribution
18,313,150
20% of $18,813,150=
8,662,630
Deduet estimated excess ou account of 1927 Contribution
8,986 (6)
Total
3,653,641
(1) For details see Statement on next page.
(2) C.0. Despatch No. 250 of 19th August, 1911-
Gross Receipts,
Less Working Expenses including $31.000 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 % mu 3⁄41⁄2 。 Inscribed Stock Issue of 1906 (£1,148,933)
=*11,440,..
(3) C.0. Despatch No. 129 of 29th April, 1922.
(4) Ordinance No. 15 of 1908. 9. 5.
Deficit........
(5) Ordinance No. 1 of 1901, s. 2.
(6) Estimated excess on account of 1927 Military Contribution for 1928 Estimates :-
Estimate of Revenue 1927 assessable to Military Coutribution, 1927.. Revised Estimate of Revenue, 1927.
719,195
$ 720,298 417,788
119.371
1,257,469
$ 538,265
$ 18,776.611
$ 20,535.901
Deduct :-
('LASS I.
Opinш Monopoly.
736,081
CLASS II.
Kowloon-Canton Hailway
661,351
CLASS IV.
Condemned Stores.......
Widows' and Orphans' Pensions Contributions.
19,808 170,000
CLASS V.
Land Sales.
100,000
Interest on 6% War Lonn ($3.000.000 from 1st November, 1926, to Ruth
April, 1927. and $900,000 from 1st May. 1927, to 31st October, 1927.)
117,000
1.804.220
Revised Estimate of Revenue 1927 assessable to Military Contribution,
18,731,681
Excess.
20% of 3
14,930.
44,930
8,986