102
Appendix III.
CALCULATION OF DEFENCE CONTRIBUTION FOR THE YEAR 1928.
Estimated Revenue
MEDUCT:-
---
CLASS I.
Opium Monopoly
736,045 (1)
CLASS II.
Kowloon-Canton Railway
719,195 (2)
CLASS IV.
Condemned Stores
Widows' and Orphans' Pensions Contributions
CLASS V.
15,000 170,000 (4)
20,103,390
214
Land Sales
Revenue assessable to Defence Contribution
150,000 (5)
1,790,240
18,313,150
20% of $18,313,150=
3,662,630
Deduct estimated excess on account of 1927 Contribution
8,986 (6)
Total
3,653,644
(1) For details sce Statement on next page.
(2) C.O. Despatch No. 250 of 19th August, 1911:-
Gross Receipts,
Less Working Expenses including $31,000 under Special Expenditure for
Construction and Locomotive, Carriage, and Wagon Expenses, Interest @ 31% on Inscribed Stock Issue of 1906 (£1,143,933)=£40,038, Sinking Fund @ 1 % on 31⁄2 % Inscribed Stock Issue of 1906 (£1,143,933)
=£11.440,..
(3) C.O. Despatch No. 129 of 29th April, 1922.
(4) Ordinance No. 15 of 1908, s. 5,
Deficit........
(5) Ordinance No. 1 of 1901, s. 2.
(6) Estimated excess on account of 1927 Military Contribution for 1928 Estimates :-
Estimate of Revenue 1927 assessable to Military Contribution, 1927., Revised Estimate of Revenue, 1927,
Deduct :-
CLASS I.
Opium Monopoly,
CLASS II.
Kowloon-Canton Railway,
CLASS IV.
Condemned Stores,.
Widows' and Orphans' Pensions Contributions, ..
CLASS V.
Land Sales,
Interest on 6% War Loan ($3,000,000 from 1st November, 1928, to 30th
April. 1927, and $900,000 from 1st May, 1927, to 31st October, 1927.)
Revised Estimate of Revenue 1927 assessable to Military Contribution,
Excess
20% of $ 44,930,
719,195
$ 720,298
417,788
119,371
1,257,460
$ 538,265
736,061
661,351
19,808
170,000
$ 18,776,611
$ 20,535,901
100,000
117,000
1,804,220
18,731,681
44,930
8,986