215
112
Appendix III.
CALCULATION OF DEFENCE CONTRIBUTION FOR THE YEAR 1935.
STATEMENT OF ESTIMATED REVENUE OF THE COLONY FOR THE YEAR 1935 ON WHICH THE MILITARY CONTRIBUTION IS PAYABLE,
Estimated Revenue
DEDUCT:-
Opium Monopoly
Water Service
Government
Use of Motor Vans
Contribution for Anti Piracy Escorts
Maintenance of Gap Rock Lighthouse, Contribution from Chinese
Widows' and Orphans' Pensions Contribution.
Wireless Telegraphy Services.....
Kowloon Canton Railway
Condemned Stores &c..
Land Sales....
Interest on 4% Conversion Loan
Suspense Account (Military Contribution)
Sinking Fund on above
Interest on 31% Dollar Loan
Redemption of Bonds (31% Dollar Loan)
$30,585,650
650,000 (1)
22,000 (2)
100,000 (2)
750 (2)
31,000 (2)
367,000 (3)
674,500 (2)
1,692,900 (4)
12,000 (5)
600,000 (6)
975,410 (2)
193,520 (7)
166,911 (7)
490,000 (8)
560,000 (8)
6,535,991
24,049,659
ADD:-
Net Receipts on Productive Undertakings :-
OPIUM MONOPOLY
Gross Receipts
Less Working Expenses...
650,000 199,682
Net Profits...
450,318
WATER SERVICE
Gross Receipts
22,000
Less Working Expenses
29,000
Net Profits..
Nil.
USE OF MOTOR VANS
Gross Receipts
Less Working Expenses
31,000 33,860
Net Profts...
Nil.
WIRELESS TELEGRAPHY SERVICES
Gross Receipts
674,500
Less Working Expenses
"
Capital Exp. to 1934
for 1935 $244,700 @ 4%.........
493,316 48,143 9,788
""
551,247
Net Profits..
123,253
KOWLOON CANTON RAILWAY
Gross Receipts
Less Working Expenses
1,692,900 1,024,523
Net Profits
Total..
668,377
$25,291,607
Revenue assessable for Defence Contribution Twenty per cent of Less Estimated Overpayment on account of 1934 Contribution........
. $25,291,607=
(9)
5,058,321 316,869
$4,741,452
(1) For details see statement on page 114.
(2) Approved by Secretary of State.
(3) Ordinance No. 15 of 1908 s. 5.
(4) C. O. Despatch No. 250 of 19th August, 1911.
(5) C. O. Despatch No. 129 of 29th April, 1922.
(6) Ordinance No. 1 of 1901 s. 2.
(7)
Ordinance No. 15 of 1933.
(8) Ordinance No. 11 of 1934.
Estimated Overpayment on account of 1934 Military Contribution for 1935 Estimates:
for details see page 113.