341
108
Appendix II.
CALCULATION OF DEFENCE CONTRIBUTION FOR THE YEAR 1933.
Estimated Revenue
DEDUCT :-
REVENUE HEAD 3.
Opium Monopoly
HEAD 4.
Widows' and Orphans' Pensions Contribution..... Contribution for Anti-Pirney Guards
HEAD 6.
Kowloon-Canton Railway
HEAD 9.
Condemned Stores
HEAD 10.
Land Sales
EXPENDITURE
*
588,172 (1)
394,600 120,000 (5)
1,283,350 (2)
12,000 (3)
1,800,000 (6)
$
34,002,575
HEAD 30.
Interest on 6% Public Works (1927) Loan ($5,000,000) Sinking Fund on above .....................
Revenue assessable to Defence Contribution
300,000 333,000
(7)
4,331,122
29,671,453
20% of $29,671,453—
5,934,291
Less Estimated Overpayment on account of 1932 Contribution.....
102,020 (8)
Total
5,832,271
(1) For details see Statement on next page,
Gross Receipts.....
(2) C. O. Despatch No. 250 of 19th August, 1911-
Leas Working Expenses
Interest @ 34% on Inscribed Stock Issue of 1906 (£1,143,933)=£40,038, Sinking Fund @ 1 % on 8 o, Inseribed Stock Issue of 1906 (£1,143,933)
...$1,283,350
$ 1,021,631 686,366
£11,440,..
Deficit
(4) Ordinance No. 15 of 1908, s. 5.
(6) Ordinance No. 1 of 1901, 8. 2.
(3) C. O. Despatch No. 129 of 29th April, 1922,
196,114
.$ 620,761
(5) Contribution by Shipping Companies to provide payment for guards. Formal authority for exemption is being requested.
(7) Ordinance No. 14 of 1927.
(8) Estimated Overpayment on account of 1982 Military Contribution for 1933 Estimates:-
Revised Estimate of Revenue, 1932,
$ 33,162,674
1,904,111
DE DUCT :-
REVENUE
HEAD 3.
Opium Monopoly,
732,200
HEAD 4.
Widows' and Orphans' Pension Contribution,...... Contribution for Anti-Piracy Guards.
361,000
120,000
HEAD 6.
Kowloon-Canton Railway
1,282,150
HEAD 9.
Condemned Stores,...
12,500
HEAD 10.
Land Sales,
1,300,000
EXPENDITURE
HEAD 33.
Interest on 6% Public Works (1927) Loan ($5,000,000) Sinking Fund on above
Revised Estimate of Revenue assessable to Military Contribution,
Estimate of Revenue 1982 assessable to Military Contribution,
20% of $510,099,.........................
800,000 388,000
4,440,850
28,711,824 29,221,923
Overestimated........................ ......................
510,099
102,020
4
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