handled by the Department for H.B.M. Ministry of Public Buildings and Works, under the Defence Costs Agreement.
Revenue
2.26. Revenue collected by the Department totalled $230,200,000 compared with $147,941,000 in the previous year. The following table shows the main items and indicates the percentage variations compared with 1968-69. The very considerable increase in capital revenue was the direct result of the confidence of property developers being restored and land sales being transacted at prices well above those estimated.
1968-69 1969-70 Percentage Increase Crown Lands Sales $35,401,000 $101,213,000 185.90% Crown Lands Fees $5,148,000 $5,438,000 5.63% Water Account $75,421,000 $89,346,000 18.46% Quarry Products $2,947,000 $3,109,000 5.50% Building Ordinance (Balcony fees and Building Contractor's registration fees, etc.) $1,236,000 $1,712,000 38.51% Other Receipts $27,788,000(1) $29,382,000(2) 5.74% Total $147,941,000 $230,200,000Note: (1) Includes $3,261,000 Reimbursements: 'Works executed on private accounts'. (2) Includes $3,147,000 Reimbursements: 'Works executed on private accounts'.
Deposit accounts-Works Executed on Private Account etc.
2.27. Private developers requiring roads and drainage works to be carried out by the Department paid $3.604 M. on deposit during the year 1969-70. Completed works totalled $3.147 M. which was transferred to revenue, and the balance of all deposit accounts at the end of the year was $2.84 M. This is $0.64 M. more than the balance at the end of 1968-69 which indicates the general revival in private development.
Military Works and Services
2.28. As shown in Appendices I and J, the expenditure on maintenance, new services minor works, and capital works handled by the Public Works Department under the Defence Costs Agreement totalled $18.318 M. This represents an increase over the corresponding 1968-69 expenditure of $15.512 M. by $2.806 M.
2.29. The following comparative statement summarizes expenditure on military works and services since the take-over in July 1967: