Appendix III.
CALCULATION OF DEFENCE CONTRIBUTION FOR THE YEAR 1930.
Estimated Revenue
DEDUCT:—
*
CLASS I.
Opium Monopoly
616,213 (1)
CLASS II.
Kowloon-Canton Railway
949,400 (2)
CLASS IV.
Condemned Stores
Widows' and Orphans' Pensions Contribution
CLASS V.
15,000 (3) 190,000 (4)
$
22,712,920
283
107
Land Sales
Interest on 6% Public Works (1927) Loan ($5,000,000) Sinking Fund on above
1,000,000 (5)
300,000
333,000} (6)
3,403,613
Revenue assessable to Defence Contribution
19,309,307
20% of $19,309,307=
3,861,861
Add estimated arrears on account of 1929 Contribution
3,699 (7)
Total
3,865,560
(1) For details see Statement on next page.
(2) C.0. Despatch No. 250 of 19th August, 1911:-
Gross Receipts,
.$ 949,400
Less Working Expenses
Interest @ 31% on Inscribed Stock Issue of 1906 (£1,143,933)=£40,038, Sinking Fund @ 1 % on 31 。 Inscribed Stock Issue of 1906 (£1,143,933)
-£11,440,..
$1,234,879 436,695
124,800
1,796,354
$ 846,954
Deficit.......
(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.
(6) Ordinance No. 14 of 1927.
(7) Estimated arrears on account of 1929 Military Contribution for 1930 Estimates :—
Revised Estimate of Revenue, 1929,
Deduct :-
Opium Monopoly,
Kowloon-Canton Railway
Condemned Stores,
CLASS I.
CLASS II.
CLASS IV.
Widows' and Orphans' Pension Contribution,...
Land Sales,
CLASS V.
Interest on 6% Public Works (1927) Loan ($5,000,000)
Sinking Fund on above
Revised Estimate of Revenue assessable to Military Contribution,
Less Estimate of Revenue 1929 assessable to Military Contribution,
20% of $18,493,
$ 22,700,000
665,247
945,793
C.
18,000 188,400
1,250,000
300,000 333,000
3,700,440
18,999,560
18,981,067
18,493
3,699