110
Appendix III.
CALCULATION OF DEFENCE CONTRIBUTION FOR THE YEAR 1936.
STATEMENT OF ESTIMATED REVENUE OF THE COLONY FOR THE YEAR 1936 ON WHICH THE MILITARY CONTRIBUTION IS PAYABLE.
$26,671,845
Estimated Revenue
DEDUCT:-
Opium Monopoly
Water Service
Government
Wireless Telegraphy Services...
Contribution for Anti Piracy Escorts
Maintenance of Gap Rock Lighthouse, Contribution from Chinese
Use of Motor Vans
Widows' and Orphans' Pensions Contribution.
Kowloon Canton Railway
300,000 (1)
10,000 (2)
100,000 (2)
750 (2)
30,000 (2)
Condemned Stores &c...
338,000 (3) 689,500 (2)
1,323,000 (4)
20,000 (5)
Land Sales...
302,000 (6)
Interest on 4% Conversion Loan
193,520 (7)
Sinking Fund on above
166,911 (7)
Interest on 31% Dollar Loan
470,400 (8)
Redemption of Bonds (31% Dollar Loan)
560,000 (8)
4,504,081
22,167,764
ADD:-
Net Receipts on Productive Undertakings:-
OPIUM MONOPOLY
Gross Receipts
Less Working Expenses
300,000 205,749
Net Profits...
94,251
WATER SERVICE
Gross Receipts
10,000
Less Working Expenses
19,000
Net Profits....
Nil.
USE OF MOTOR VANS
Gross Receipts
Less Working Expenses
30,000 28,400
Net Profits....
1,600
WIRELESS TELEGRAPHY SERVICES
Gross Receipts
689,500
Less Working Expenses
"J
Capital Exp. to 1935..
for 1936 $117,000 @ 4%.
466,552 51,839 4,680
523,071
Net Profits....
166,429
KOWLOON CANTON RAILWAY
Gross Receipts
1,323,000
Less Working Expenses
Less Motor Cars
826,520 13,720
812.800
Net Profits....
Total..
510,200
$22,940,244
Revenue assessable for Defence Contribution Twenty per cent of Less Estimated Overpayment on account of 1935 Contribution..
.$22,940,244=
4,588,049 (9) 221,148
$4,366,901
(1) For details see statement on page 113.
(2) Approved by Secretary of State.
(3) Ordinance No. 15 of 1908 s. 5.
(4) C. O. Despatch No. 250 of 19th August, 1911.
(5) C. O. Despatch No. 129 of 29th April, 1922.
(6)
Ordinance No. 1 of 1901 s. 2.
(7) Ordinance No. 15 of 1933.
(8) Ordinance No. 11 of 1934.
(9) Estimated Overpayment on account of 1935 Military Contribution for 1936 Estimates:
for details see page 112.