Appendix III.
CALCULATION OF DEFENCE CONTRIBUTION FOR THE YEAR 1939.
117
STATEMENT OF ESTIMATED REVENUE OF THE COLONY FOR THE YEAR 1939
ON WHICH THE MILITARY CONTRIBUTION IS PAYABLE.
DEDUCT:-
Estimated Revenue
---
Opium Monopoly
Sand Monopoly..
Government
$35,257,621
350,000 (1)
210,000 (2)
Contribution for Anti Piracy Escorts
Maintenance of Gap Rock Lighthouse, Contribution from Chinese
Use of Motor Vans
Widows' and Orphans' Pensions Contribution..
Radio Traffic Office & Wireless
Kowloon-Canton Railway
Condemned Stores, &c.
Land Sales....
120,000 (2)
750 (2)
30,000 (2)
435,000 (3)
242,700 (2)
1,784,000 (4)
28,000 (5)
750,000 (6)
Interest on 4% Conversion Loan
193,520 (7)
Sinking Fund on above
166,911 (7)
Interest on 31% Dollar Loan
411,600 (8)
Redemption of Bonds (31% Dollar Loan)
560,000 (8)
5,282,481
ADD:
Net Receipts on Productive Undertakings :-
29,975,140
OPIUM MONOPOLY
Gross Receipts
Less Working Expenses
350,000 232,665
Net Profits...
117,335
SAND MONOPOLY
Gross Receipts
Less Working Expenses..
210,000 90,335
Net Profits...
119,665
WATER SERVICE
Gross Receipts
Less Working Expenses
13,500
Net Profits...
Nil.
USE OF MOTOR VANS
Gross Receipts
Less Working Expenses
30,000 32,310
Net Profts....
Nil
RADIO TRAFFIC OFFICE & WIRELESS
Gross Receipts Less Working Expenses
242,700 685,376
Net Profits...
Nil.
KOWLOON-CANTON RAILWAY
Gross Receipts .
Less Working Expenses
1,784,000 1,250,000
Net Profits.
Total....
534,000
$30,746,140
Revenue assessable for Defence Contribution Twenty per cent of Add Estimated Underpayment on account of 1938 Contribution
$30,746,140=
(9)
6,149,228 948,670
(1) For details see statement on page 119.
$7,097,898
(2) Approved by Secretary of State.
(3) Ordinance No. 15 of 1908 s. 5.
C. O. Despatch No. 250 of 19th August, 1911,
(5) C. O. Despatch No. 129 of 29th April, 1922.
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 1938 Military Contribution for 1939 Estiinates:
for details see page 118.
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