PART I EXPLANATORY NOTES ON REVENUE ESTIMATES
Estimate 1968-69
Revised estimate 1967-68
Approved estimate 1967-68
Actual revenue 1966-67
Actual revenue 1965-66
GENERAL
$1,952,324,700
1,877,687,700
1,885,639,000
1,817,761,552
1,631,701,213
Comparative analyses of the approved and the revised estimates, 1967-68:--
Approved
Revised
estimate
estimate
Difference
1967-68
1967-68
SM
$M
SM
Duties
329.1
313.2
15.9
Rates
278.0
282.4
+ 4.4
Internal Revenue (excluding capital duties)
575.5
601.6
+ 26.1
Licences and Franchises
83.2
78.9
—
4.3
Fines, Forfeitures and Penalties
9.0
10.0
+
1.0
Fees of Court or Office (excluding capital
receipts)
119.0
112.6
6.4
Water Revenue
67.3
65.3
2.0
Post Office
92.4
99.2
Kai Tak Airport and Air Services
27.9
33.2
Kowloon-Canton Railway
16.5
11.9
Revenue from Lands, Interest, Rents, etc.
168.9
170.2
+++
6.8
5.3
4.6
1.3
Total Recurrent Revenue
1,766.8
1,778.5
+ 11.7
Internal Revenue (estate and excess
stamp duties)
30.0
20.5
9.5
Licences and Franchises (Taxi conces-
sions)
25.6
Fees of Court or Office (Repayment of
advances, loans)
Land Sales
World Refugee Year Grants
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+ 25.6
9.2
7.8
75.0
41.0
1.4
34.0
0.3
0.4
+ 0.1
Contributions Towards Projects
4.3
3.9
0.4
Colonial Development and Welfare Grants
Total Capital Revenue
118.8
99.2
wwwwww
19.6
Total Revenue
1,885.6
1,877.7
7.9
Comparative analyses of the revised estimate 1967-68 and the estimate 1968-69:---
Revised
Estimate
estimate
Difference
1968-69
1967-68
$M
$M
$M
Duties
313.2
333.3
+ 20.1
Rates
282.4
300.2
+ 17.8
Internal Revenue (excluding capital duties)
601.6
604.8
+ 3.2
Licences and Franchises
78.9
89.3
+ 10.4
Fines, Forfeitures and Penalties
10.0
8.7
1.3
Fees of Court or Office (excluding capital
receipts)
112.6
125.0
+ 12.4
Water Revenue
65.3
74.5
+ 9.2
Post Office
99.2
102.0
+ 2.8
Kai Tak Airport and Air Services
33.2
37.3
+ 4.1
Kowloon-Canton Railway
11.9
16.1
Revenue from Lands, Interest, Rents, etc.
170.2
168.9
4.2
1.3
Total Recurrent Revenue
1,778.5
1,860.1
+ 81.6
273