Appendix III.
CALCULATION OF DEFENCE CONTRIBUTION FOR THE YEAR 1929.
Estimated Revenue
DEDUCT:-
CLASS I.
Opium Monopoly
666,233 (1)
CLASS II.
Kowloon-Canton Railway
808,300 (2)
CLASS IV.
Condemned Stores
15,000 (3)
Widows' and Orphans' Pensions Contributions
175,000 (4)
CLASS V.
22,278,600
105
Land Sales
Interest on 6% Public Works Loan ($5,000,000)
Sinking Fund on above
Revenue assessable to Defence Contribution
1,000,000 (5)
300,000 333,000
} (6)
3,297,533
......
18,981,067
20% of $18,981,067=
3,796,213
Add estimated excess on account of 1928 Contribution
192,175 (7)
Total.
3,988,388
(1) For details see Statement on next page.
(2) C.O. Despatch No. 250 of 19th August, 1911:-
Gross Receipts,
Less Working Expenses
....
Interest @ 33% on Inscribed Stock Issue of 1906 (£1,143,933)=£40,038, Sinking Fund @ 1% on 34 % 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,
(5) Ordinance No. 1 of 1901, s. 2.
Deficit,......
808,300
$ 811,644 417,788
119,371
1,348,806
$ 540,506
(6) Ordinance No. 14 of 1927.
(7) Estimated arrears on account of 1928 Military Contribution for 1929 Estimates :—
Revised Estimate of Revenue, 1928,
Deduct:-
CLASS I.
Opium Monopoly,
CLASS II.
Kowloon-Canton Railway
CLASS IV.
Condemned Stores,.
Widows' and Orphans' Pension Contribution..............
CLASS V.
Land Sales,
Interest on 6% Public Works Loan ($3,000,000).
Sinking Fund on above
Revised Estimate of Revenue 1928 assessable to Military Contribution,
Less Estimate of Revenue 1928 assessable to Military Contribution,
20% on $960,876,
--------------
$ 22,674,410
..$ 716,157
820,023
58,704
170,500
1,255,000
180,000
200,000
3.400,334
19,274,026
18,313,150
960,876
192,175
188