114
Appendix III.
CALCULATION OF DEFENCE CONTRIBUTION FOR THE YEAR 1938.
STATEMENT OF ESTIMATED REVENUE OF THE COLONY FOR THE YEAR 1938 ON WHICH THE MILITARY CONTRIBUTION IS PAYABLE.
Estimated Revenue
DEDUCT:-
Opium Monopoly
Sand Monopoly.
Water Service
Contribution for Anti Piracy Escorts
Maintenance of Gap Rock Lighthouse, Contribution from Chinese
Government
Use of Motor Vans
Widows' and Orphans' Pensions Contribution..
$30,254,920
275,000 (1)
90,000 (2)
8,000 (2)
115,000 (2)
750 (2)
27,000 (2)
421,000 (3)
772,500 (2)
Wireless Telegraphy Services..
Kowloon-Canton Railway
Condemned Stores, &c.
1,044,900 (4)
15,000 (5)
Land Sales...........
355,000 (6)
Interest on 4% Conversion Loan
193,520 (7)
Sinking Fund on above
166,911 (7)
Interest on 31% Dollar Loan
431,200 (8)
Redemption of Bonds (34% Dollar Loan)
560,000 (8)
4,475,781
ADD:
Net Receipts on Productive Undertakings:-
25,779,139
OPIUM MONOPOLY
Gross Receipts
Less Working Expenses
275,000 254,950
Net Profits.....
20,050
SAND MONOPOLY
Gross Receipts
Less Working Expenses..
90,000 15,807
Net Profits.....
74,193
WATER SERVICE
Gross Receipts
8,000
Less Working Expenses
13,500
Net Profits......
Nil,
USE OF MOTOR VANS
Gross Receipts
Less Working Expenses
27,000 31,141
Net Proûts....
Nil.
WIRELESS TELEGRAPHY SERVICES
Gross Receipts.....
772,500
Less Working Expenses
Capital Exp. to 1937.
for 1938 $115,508 @ 4%..
673,098 51,761 4,620
11
งง
729,479
Net Profits....
43,021
KOWLOON-CANTON RAILWAY
Gross Receipts
Less Working Expenses
1,044,900 832,346
Net Profits...
Total......
212,554
$26,128,957
Revenue assessable for Defence Contribution Twenty per cent of Add Estimated Underpayment on account of 1937 Contribution
$26,128,957 =
=
5,225,791 (9) 463,787
(1) For details see statement on page 116.
$5,689,578
(4) C. O. Despatch No. 250 of 19th August, 1911.
(2) Approved by Secretary of State.
(3) Ordinance No. 15 of 1908 s. 5.
(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 Underpayment on account of 1937 Military Contribution for 1938 Estimates:
for details see page 115.