PART I-EXPLANATORY NOTES ON REVENUE ESTIMATES
Estimate 1960/61
Revised estimate 1959/60
Approved estimate 1959/60
Actual revenue 1958/59
Actual revenue 1957/58
GENERAL
$712,160,900
637,250,400
600,632,500
629,336,662
584,185,187
Comparative analyses of the approved and the revised estimates 1959/60:
Approved
Revised
Estimate
Estimate
Difference
1959/60
1959/60
$M
$M
$M
Duties
110.4
122.7
+12.3
Rates
79.0
83.5
+ 4.5
Internal Revenue (excluding capital duties)
168.2
168.2
Licences & Franchises
36.8
40.7
+ 3.9
Fines and Forfeitures
4.0
3.4
T
0.6
Fees of Court or Office
(excluding capital receipts)
48.8
59.3
+10.5
Water Revenue
14.9
15.2
+ 0.3
Post Office
34.4
40.9
+ 6.5
Kowloon-Canton Railway
6.5
7.4
+ 0.9
Revenue from Lands, Interest, Rents, etc.
50.1
50.8
+ 0.7
Total Recurrent Revenue
553.1
592.1
+39.0
Internal Revenue (Estate & Excess Stamp
Duties)
19.0
14.5
4.5
Fees of Court or Office (Repayments of
Loans and Contributions)
4.3
7.4
+ 3.1
Land Sales
17.5
19.1
+ 1.6
Colonial Development & Welfare Grants
0.9
0.8
-
0.1
Loans from U.K. Government
5.8
2.7
3.1
World Refugee Year Grants
0.7
+ 0.7
Total Revenue
600.6
637.3
+36.7
Comparative analyses of the revised estimate 1959/60 and the estimate 1960/61:
Revised
Estimate
1959/60
Estimate 1960/61
Difference
$M
$M
SM
Duties
122.7
154.7
+32.0
Rates
83.5
93.5
+10.0
Internal Revenue (excluding capital duties)
168.2
169.9
+ 1.7
Licences and Franchises
40.7
40.7
Fines and Forfeitures
3.4
3.6
+ 0.2
Fees of Court or Office
(excluding capital receipts)
59.3
56.3
—
3.0
Water Revenue
15.2
18.9
+ 3.7
Post Office
40.9
50.2
+ 9.3
Kowloon-Canton Railway
7.4
7.2
0.2
Revenue from Lands, Interest, Rents, etc.
50.8
56.7
+ 5.9
Total Recurrent Revenue
592.1
651.7
+59.6