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HEAD 7 - WATER REVENUE
Estimate 1967-68
$67,288,000
Revised estimate 1966-67
62,937,000
76,268,000
51,670,276
Approved estimate 1966-67
Actual revenue 1965-66
The revised estimate is $13,331,000 less than that approved for 1966-67. The latter was based on a daily consumption of 125 million gallons in the summer months and 110 million during the winter; 15% was estimated to be non-revenue earning, being public supplies, wastage, etc. Statistics now show that the non-revenue earning proportion absorbed more than the 15%. The revised supervision charges show a very large relative increase due to more inside, repair, etc. services and installation costs arising from the policy of separate metering of tenements.
Estimate 1967-68
Revised estimate 1966-67 Approved estimate 1966-67
Actual revenue 1965-66
J
HEAD 8 · POST OFFICE
$92,436,000
92,366,000
88,139,000
86,652,811
The estimate for 1967-68 and the revised estimate for 1966-67 show increases of $4,297,000 and $4,227,000 respectively compared with the 1966-67 approved figure. The increases arise mainly from sub- stantially more parcel traffic particularly by air and greater use of franking machines by business houses. The revised estimate of transit charges for surface mail for 1966-67 also benefits from the settlement of adjustment accounts due in 1965-66 on the basis of triennial statistics from the Universal Postal Union. Partially offsetting the increases is a fall in revenue from postage stamps sales due to a fall in postings of small packets to China and decreased sales of $2 stamps which, from October 1966, ceased to be used on trade import and export declarations.
HEAD 9 ·KAI TAK AIRPORT AND AIR SERVICES
Estimate 1967-68
Revised estimate 1966-67 Approved estimate 1966-67
Actual revenue 1965-66
$27,894,000
25,504,000
23,434,000
23,538,895
The revised estimate for 1966-67 shows an increase of $2,070,000 over the approved estimate, and the estimate for 1967-68 anticipates a further increase of $2,390,000. Receipts from aircraft landing fees account for roughly half these increases due to the continued increase in air traffic at Kai Tak Airport. Ancillary services at the Airport also benefited from the increased traffic and there are thus substantial increases in revenue from Airport Concessions, Rents and Passenger Service Charge.
HEAD 10— KOWLOON-CANTON RAILWAY
Estimate 1967-68
Revised estimate 1966-67
Approved estimate 1966-67
Actual revenue 1965-66
$16,500,000
15,497,000
12,661,000
14,480,818
The revised estimate shows an increase of 22% on the approved estimate. This very substantial increase is primarily due to goods traffic from China being greatly in excess of original expectations. It is anticipated that there will be a further increase during 1967-68. A small increase in passenger traffic is also expected during 1967-68.
HEAD 11 — REVENUE FROM LANDS, INTEREST, RENTS, ETC.
Estimate 1967-68
Revised estimate 1966-67
Approved estimate 1966-67
Actual revenue 1965-66
$168,873,000
160,918,000
154,383,000
160,081,830
The revised estimate for 1966-67 shows an increase of $6,535,000 over the approved estimate and a further increase of $7,955,000 is anticipated for 1967-68. The following subheads are mainly respon- sible for these increases:—
Subhead
Approved Estimate
1966-67
Revised Estimate 1966-67
Estimate 1967-68
Interest
$64,353,000
$73,530,000
$70,000,000
Buildings and Furniture
8,375,000
13,210,000
14,374,000
Resettlement Rents
45,000,000
41,500,000
50,000,000
Low Cost Housing Rents
7,630,000
6,760,000
9,600,000