320
114
321
115
Appendix III.
CALCULATION OF DEFENCE CONTRIBUTION FOR THE YEAR 1938.
STATEMENT OF ESTIMATED REVENUE OF THE COLONY FOR THE YEAR 1938 ON WHICH THE MILITARY CONTRIBUTION IS PAYABLE.
Appendix III,—Continued.
Revised Estimate of Revenue for 1937.
DEDUCT:-
Estimated Revenue
DEDUCT:-
Opium Monopoly
Sand Monopoly...
Water Service
Government
Use of Motor Vans
Widows' and Orphans' Pensions Contribution.
Wireless Telegraphy Services...
Kowloon-Canton Railway
$30,254,920
Opium Monopoly
Sand Monopoly.
Water Service
275,000 (1) 90,000 (2)
Contribution for Anti Piracy Escorts
Maintenance of Gap Rock Lighthouse, Contribution from Chinese
8,000 (2)
Government
Contribution for Anti Piracy Escorts
Maintenance of Gap Rock Lighthouse, Contribution from Chinese
115,000 (2)
Use of Motor Vans
Widows' and Orphans' Pensions Contribution.
750
Wireless Telegraphy Services..
27,000 (2)
Kowloon-Canton Railway
421,000 (3)
772,500 (2)
1,044,900 (4)
Interest on 4 Conversion Loan
Condemned Stores, &c.
Land Sales.....
15,000 (5)
355,000 (6)
Interest on 4% Conversion Loan
193,520 (7)
Sinking Fund on above
166,911 (7)
Interest on 33% Dollar Loan
431,200 (8)
Redemption of Bonds (34% Dollar Loan)
560,000 (8)
ADD:-
Net Receipts on Productive Undertakings:-
4,475,781
25,779,139
ADD:-
Condemned Stores, &c.
Land Sales
Sinking Fund on above
Interest on 34% Dollar Loan
Redemption of Bonds
Net Receipts on Productive Undertakings.
Gross Receipts
$31,240,000
250,000
90,000
7,000
115,000
750
26,500
412,755
753,500
1,125,000
20.000
355,000
193,520
166,911
450,800
560,000
4,527,336
26,712,664
OPIUM MONOPOLY
OPIUM MONOPOLY
Less Working Expenses
250,000 242,767
Gross Receipts
Less Working Expenses
275,000 254,950
Net Profits...
7,233
SAND MONOPOLY
Net Profits..
20,050
Gross Receipts
SAND MONOPOLY
Less Working Expenses
90,000 15,231
Gross Receipts
Less Working Expenses.
90,000 15,807
Net Profits.
74,769
WATER SERVICE.
Net Profits..
74,193
WATER SERVICE
Gross Receipts..
Gross Receipts
Less Working Expenses
8,000 13,500
Less Working Expenses..
7,000 9,500
Net Profits....
Nil.
Net Profits.
Nil,
USE OF MOTOR VANS
USE OF MOTOR VANS.
Gross Receipts
Less Working Expenses
27,000 31,141
Gross Receipts...
Less Working Expenses
26,500 29,995
Net Profts.....
Nil.
WIRELESS TELEGRAPHY SERVICES
Net Profits...
Nil
Gross Receipts
772,500
Less Working Expenses
77
Capital Exp. to 1937..
for 1938 $115,508 @ 4%.
673,098 51,761 4,620
WIRELESS TELEGRAPHY SERVICES.
Gross Receipts
753,500
11
11
729,479
Less Working Expenses
P]
Capital Expenses to 1936
Net Profits..
43,021
for 1937 $59,420 @ 4%
502,345 49,385 2,377
554,107
KOWLOON-CANTON RAILWAY
Gross Receipts
Less Working Expenses
1,044,900 832,346
Net Profits....
199,393
Net Profits
Total..
Revenue assessable for Defence Contribution Twenty per cent of Add Estimated Underpayment on account of 1937 Contribution
$26,128,957-
212,554
$26,128,957
5,225,791
KOWLOON-CANTON RAILWAY.
Gross Receipts.
Less Working Expenses
(1) For details see statement on page 116.
(9) 463,787
$5,689,578
(2) Approved by Secretary of State.
Revised Estimate of Revenue assessable for Defence Contribution for 1937..... Estimate of Revenue assessable for Defence Contribution for 1937
(3) Ordinance No. 15 of 1908 . 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.
(9) Estimated Underpayment on account of 1937 Military Contribution for 1938 Estimates:
for details see page 115.
20% of..
Underestimated
.$2,318,933= $403,787
1,125,600 761,548
Net Profits
364,052
27,358,111 25,039,178
$ 2,318,933