Page 102 Appendix III.
CALCULATION OF DEFENCE CONTRIBUTION FOR THE YEAR 1929.
Estimated Revenue
"DUCT :—
CLASS I.
Opium Monopoly
666,233 (1)
CLASS II.
Kowloon-Canton Railway
808,300 (2)
CLASS IV.
Condemned Stores
15,000 (3)
Widows' and Orphans' Pensions Contributions
175,000 (4)
CLASS V.
22,278,600
105.
Land Sales
1,000,000 (5)
Interest ou 6% Public Works Loan ($5,000,000) Sinking Fund on above
Revenue assessable to Defence Contribution
300,000 333,000
(6)
3,297,533
18,981,067
20% of $18,981,067=
3,796,213
Add estimated excess on account of 1928 Contribution
192,175 (7)
Total
3,988,388
(1) For details see Statement on next page.
(2) C.O. Despatch No. 250 of 19th August, 1911:—
Gross Receipts,
Less Working Expenses
******
Interest @ 3% on Inscribed Stock Issue of 1906 (£1,143,933)=£40,038, Sinking Fund @ 1 % on 31⁄2 % Inscribed Stock Issue of 1906 (£1,143,933)
=£11,140,...
$ 811,644 417,788
(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,..
(6) Ordinance No. 14 of 1927.
(7) Estimated arrears on account of 1928 Military Contribution for 1929 Estimates:-
Revised Estimate of Revenue, 1928,
Deduct :-
CLASS I.
Opium Monopoly,
CLASS II.
Kowloon-Canton Railway
CLASS IV.
Condemned Stores,...
Widows' and Orphans' Pension Contribution,.
CLASS V.
Land Sales,
Interest on 6% Public Works Loan ($3,000,000) Sinking Fund on above
A
Revised Estimate of Revenue 1928 assessable to Military Contribution,
Less Estimate of Revenue 1928 assessable to Military Contribution,
20% on $960,876,
..$ 808,300
119,374
1,348,806
$ 540,506
$ 22,674,410
716,157
820,023
58,704
170,500
1,255,000
180,000
200,000
8,400,334
19,274,026
18,313,150
960.876
192,175