226
Appendix 6
(Chapter 3: Financial Structure)
Government Revenue by Source
$ Million
Estimate 1974-5
Actual 1972-3
Actual 1973-4
Item
Recur- rent
Capital Total
Recur- rent
Capital Total
Recur- rent
Capital Total
Direct taxes
Earnings and profits tax
1,082.8
p
Estate duty
1,082.8 40.3 40.3
1,679.8
1,679.8 50.1 50.1
1,715.0
—
1,715.0
34.0 34.0
Sub-total
1,082.8
40.3 1,123.1
1,679.8
50.1 1,729.9
1,715.0
34.0 1,749.0
Indirect taxes
388.7
388.7
368,9
368,9
417.8
417.8
471.5
—
***
471.5
441.7
441.7
568.6
568.6
71.4
38.7
110.1
79.5 84.8 164.3
104.8
104,8
713.2
713.2
462.6
462.6
465.0
465.0
149.0
149.0
118.4
118.4
147.1
147.1
:
1,793.8
38.7 1,832.5
1,471.1
84.8 1,555.9
1,703.3
1,703.3
General rate
Excise duties...
Royalties and concessions
Stamp duties...
Other taxes
Sub-total
Other revenue
Fines, forfeitures and penalties
42.3
42.3
54.4
54.4
69.3
69.3
Licences
104.3
104.3
116.3
116.3
190.7
190.7
Provision of goods and services
662.6
662.6
693.4
693.4
812.5
812.5
Income from properties and investments
494.1
669.5 1,163.6
440.2 318.6 758.8
473.9 459.0 932.9
Sub-total,
1,303.3
669.5 1,972.8
1,304.3 318.6 1,622.9
1,546.4 459.0 2,005.4
Reimbursements, contributions and loan
repayments
Reimbursements
:
Contributions
Loan repayments
Sub-total
:
28.5
28.5
21.1
49.6
5.1 26.2 7,6 7.6
12.7 62.3
295.4
23.8
...
4,229.5 761.2 4,990.7
295.4
10.3 34.1
2,6 2.6
319.2 12.9 332.1
4,774.4 466.4 5,240.8
345.6
25.5
345.6
12.4 37.9
3.6
3.6
371.1
16.0 387.1
5,335.8 509.0 5,844.8
Total
Development loan fund receipts
Land sale premia, Kwun Tong
reclamation
2.0
2.0
Loan repayments
15.1
15.1
1.0
18.7 18.7
1.0
9.8
9.8
16.8
16.8
Interest on investments and loans...
16.3
16.3
36.2
36.2
37.8
37.8
Sub-total
16.3
17.1
33.4
36.2
19.7
55.9
37.8 26.6
64.4
Lotteries fund receipts
Net proceeds from Government lotteries...
4.9
4.9
4.8
4.8
5.1
5.1
Loan repayments
0.3
0.3
0.3
0.3
0.3
0.3
Interest
Other ...
Sub-total
1.3
1.3
1.6
1.6
1.9
1.9
2.4
2.4
2.6
2.6
6.2
0.3
6.5
:
8.8 0.3
9.1
9.6
0.3
9.9
Grand total
:
4,252.0
778.6 5,030.6
4,819.4 486.4 5,305.8
5,383.2 535.9 5,919.1
Note: From April 1, 1973 government revenue excludes a portion transferred to the Hong Kong Housing Authority
and the Urban Council,
Other taxes comprises taxes on bets and sweepstakes, entertainment, hotel accommodation and motor vehicles.