TABLE 6

US$ mns.

Comparison of Royalty Receipts and Government Recurrent Revenue

1973

1974

1975

1976

Revenue

Royalty

-------------

Revenue Royalty

Revenue Royalty Revenue

Royalty

Royalties as proportion

of total revenue over stated period

Belize*

19.74

0.44

21.27

0.41

2%

Bermuda*

59.50

0.74

69.6

(1975-76)

0.6% (1975-76)

BVI

5.60

0.24

5.80

0.14

6.10

0.47

6.70

0.21

4.4% (1973-76)

Cayman Is.*

5.55

0.38

8.33

0.52

11.44

0.59

13.98

0.43

4.8% (1973-76)

Turks and Caicos Is.

3.00

0.76

3.40

0.09

4.9

0.30

10.2% (1974-76)

£ mns.

Falkland Is.

Gibraltar

1.18

0.025

0.025

2.1% (1975)

7.28

0.33

10.46

11.79

0.048

0.3% (1974-76)

See notes to Table 3.

*In these territories royalties are receipts for the respective monetary authority or currency board.

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