185
The revised estimate for 1960/61 shows a marked increase of $20,475,000 over the approved estimate. The following is a comparative analysis of each subhead:-
Approved
Subhead
Estimate
Revised Estimate
Difference
1960/61
1960/61
Premia on new leases, Hong Kong Premia on new leases, Kowloon
Premia on new leases, New Kowloon
$18,500,000
$22,500,000
+$ 4,000,000
5,000,000
10,000,000
7,000,000
Premia on new leases, New Territories......
Premia on new leases, Piers & Wharves
5,000,000
19,500,000
4,000,000
+ 5,000,000
+ 12,500,000
25,000
1,000,000
25,000
$35,525,000
$56,000,000
+$20,475,000
The estimate for 1961/62 shows a further marked increase of $12,501,000 over the revised 1960/61 estimate. Comparative analyses are as follows:-
Revised
Subhead
Estimate
Estimate 1961/62
Difference
1960/61
Premia on new leases, Hong Kong Premia on new leases, Kowloon Premia on new leases, New Kowloon
Premia on new leases, New Territories......
Premia on new leases, Piers & Wharves
$22,500,000
$38,000,000
10,000,000
19,500,000
5,000,000
21,000,000
+$15,500,000
5,000,000
+ 1,500,000
4,000,000
4,500,000
+ 500,000
1,000
1,000
$56,000,000
$68,501,000
+$12,501,000
sales.
These increases are due to the rise in land values and to the greater number of Crown land
HEAD 12 COLONIAL DEVELOPMENT AND WELFARE GRANTS
Estimate 1961/62
$425,500
Revised estimate 1960/61
20,800
Approved estimate 1960/61
45,000
Actual revenue 1959/60
778,069
Receipts under this Head represent proportionate reimbursement of expenditure on the schemes concerned as detailed fully in the foot-notes to Head 81.
HEAD 13 — WORLD REFUGEE YEAR GRANTS
Estimate 1961/62
$6,825,700
Revised estimate 1960/61
2,195,700
Approved estimate 1960/61
3,770,600
Actual revenue 1959/60
These receipts represent reimbursements of expenditure on the projects set out in Head 82.
623,633
LOANS FROM UNITED KINGDOM GOVERNMENT
Estimate 1961/62
Revised estimate 1960/61
Approved estimate 1960/61
Actual revenue 1959/60
The Airport development loan has now been fully issued.
4,224,000
4,224,000
2,728,749