}
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
155
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 $19,309,307=
3,861,861
Add estimated arrears on account of 1929 Contribution
3,699 (7)
Total
3,865,560
(1) For details see Statement on next page.
(2) 0.0. Despatch No. 250 of 19th August, 1911:-
Gross Receipts,
Less Working Expenses
Interest @ 31% on Inscribed Stock Issue of 1906 (£1.143,933)=£40,038, Sinking Fund @ 1% on 3 / Inscribed Stock Issue of 1906 (£1.143,933)
=£!1,440,.
(3) C.O. Despatch No. 129 of 29th April, 1922.
(4) Ordinance No. 15 of 1908, s. 5.
(5) Ordinance No. 1 of 1901, s. 2.
Deficit................................
.$ 949,400
$ 1,234.879
436,695
124,800
(6) Ordinance No. 14 of 1927.
(7) Estimated arrears on account of 1929 Military Contribution for 1930 Estimates:-
Revised Estimate of Revenue, 1929,
Deduct:-
CLASS I.
Opium Monopoly,
CLASS II.
Kowloon-Canton Railway
CLASS IV.
Condemned Stores....
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 $18,4-3,
1,796,354
846,954
$ 22,700,000
665,247
945,793
18,000 188,400
1,250,000
300,000
333,000
3.700,440
18,999,560
18,981,067
18.493
3,699