211
110
Appendix III.
CALCULATION OF DEFENCE CONTRIBUTION FOR THE YEAR 1936.
Appendix III,-Continued.
111
STATEMENT OF ESTIMATED REVENUE OF THE COLONY FOR THE YEAR 1936 ON WHICH THE MILITARY CONTRIBUTION IS PAYABLE.
Estimated Revenue
DEDUCT:-
Opium Monopoly
Water Service
Contribution for Anti Piracy Escorts
Maintenance of Gap Rock Lighthouse, Contribution from Chinese
Government
Use of Motor Vans
Widows' and Orphans' Pensions Contribution..
300,000 (1) 10,000 (2)
100,000 (2)
750 (2)
30,000 (2)
338,000 (3)
Revised Estimate of Revenue for 1935..
DEDUCT:-
$20,671,845
Opium Monopoly
Water Service
Contribution for Anti Piracy Escorts
Maintenance of Gap Rock Lighthouse, Contribution from Chinese
Government
Use of Motor Vans
Widows' and Orphans' Pensions Contribution.
Wireless Telegraphy Services..
Kowloon Canton Railway
$28,328,034
Condemned Stores &c.
Land Sales
Wireless Telegraphy Services..
Kowloon Canton Railway
Condemned Stores &c.....
Land Sales...
Interest on 4% Conversion Loan
689,500 (2)
1,323,000 (4) 20,000 (5) 302,000 (6) 193,520 (7)
Sinking Fund on above
Redemption of Bonds
Sinking Fund on above
166,911
Interest on 34% Dollar Loan
470,400 (8)
Redemption of Bonds (34% Dollar Loan).
560,000 (8)
ADD:-
4,504,081
22,167,764
Net Receipts on Productive Undertakings:-
Interest on 4% Conversion Loan
Interest on 31% Dollar Loan
ADD:-
Net Receipts on Productive Undertakings.
OPIUM MONOPOLY
Gross Receipts
Less Working Expenses
400.000
10,000
100,000
750
30,000
307,000
679,500
1,443,550
20,000
644,500
193,520
166,911
490,000
560,000
5,045,731
23,282,303
OPIUM MONOPOLY
Grose Receipts
Less Working Expenses
300,000 205,749
Net Profits...
94,251
400,000 199,905
Net Profits.....
200,095
WATER SERVICE.
WATER SERVICE
Gross Receipts
Less Working Expenses
10,000 19,000
Gross Receipts
Less Working Expenses..
10,000 21,500
Net Profits..
Nil.
USE OF MOTOR VANS
Net Profits......
Nil.
Gross Receipts
Less Working Expenses
30,000 28,400
USE OF MOTOR VANS.
Net Profts..
1,600
WIRELESS TELEGRAPHY SERVICES
Gross Receipts Less Working Expenses
30,000 28,290
Gross Receipts
689,500
Less Working Expenses
"
Capital Exp. to 1935.
"
for 1936 $117,000 @ 4%.
466,552 51,839 4,680
Net Profits.
1,710
WIRELESS TELEGRAPHY SERVICES.
523,071
Gross Receipts
679,500
Net Profits..
166,429
Less Working Expenses
KOWLOON CANTON RAILWAY
Gross Receipts
21
Capital Expenses to 1934
442,453 43,920
1,323,000
23
"
for 1935 $197,992 @ 4%..
7,920
Less Working Expenses
Less Motor Cars
826,520 13,720
494,293
812,800
Net Profits.....
Net Profits.
Total..
510,200
$22,940,244
185,207
KOWLOON CANTON RAILWAY.
Revenue assessable for Defence Contribution Twenty per cent of......$22,940,244– Less Estimated Overpayment on account of 1935 Contribution..
(9)
4,588,049 221,148
Gross Receipts. Less Working Expenses.
1,443,550
Less Motor Cars
939,000 12,000
927,000
$4,366,901
(1) For details see statement on page 113.
(2) Approved by Secretary of State.
Net Profits
516,550
(3) Ordinance No. 15 of 1908 a, 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.
Ordinance No. 15 of 1933.
(8) Ordinance No. 11 of 1934.
(9) Estimated Overpayment on account of 1935 Military Contribution for 1936 Estiinates:
for details see page 112.
Revised Estimate of Revenue assessable for Defence Contribution for 1935. Istimate of Revenue assessable for Defence Contribution for 1935
20% of.......
Overestimated
$1,105,742 $221,148
24,185,865 25,291,607
$ 1,105,742
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