2.35
The cost of all maintenance and minor works services costing less than £5,000 or $70,000 is borne by the Hong Kong Government as a charge against general revenue. Major capital works costing over £5,000 or $70,000 are charged against the Hong Kong Government's total agreed capital works contribution of £17M for the five-year period of the agreement.
2.36
Expenditure incurred in connection with Military works and services amounted to $70,067,569 represented by:-
Maintenance services 23,710,661 New services minor works 1,973,531 Capital works 44,383,377 70,067,569In addition, a sum of $8,679 was spent towards the "reprovisioning of Victoria Barracks" which relates to the new Defence Costs Agreement 1976-83.
Revenue
2.37 The revenue collected by the Department during the year totalled $523.857M compared with $511.178M in the previous year. A comparison between the amounts collected in each of the two years on the main items of revenue is shown in the following table:-
1974-75 1975-76 Percentage Variation Crown Land Sales 242.121 223.859 -7.54 Crown Land Fees 6.959 13.850 +99.02 Government Properties 7.739 9.678 +25.05 Water Account 165.424 183.770 +11.09 Quarry Products 10.658 14.098 +32.28 Buildings Ordinance (Balcony fees and Building Contractors' Registration fees, etc.) 0.973 0.831 -14.59 Sale of Sand 28.105 26.629 -5.25 Works executed on private account 13.796 11.214 -18.72 Departmental services and supervision 3.444 14.346 +316.55 Other receipts 18.000 25.582 +42.12 Departmental services to the Urban Council and the Housing Authority 13.959 511.178 523.857During the year under review, there was no significant increase in revenue as a whole. The decrease in revenue derived from land sales was mainly
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