5
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at $9,300,000 but this was probably a considerable under-
estimate. As conditions are now so completely different
it is not possible to do more than hazard a guess at the
probable yield at different standard rates. Taking into
consideration the greatly increased price levels and the
higher salaries paid by commercial firms, it seems probable
that the yield of sixteen million may be realized even at
a ten per cent standard rate.
9.
Entertainment tax during the eleven months
ended 31st March, 1947, realized $3,181,217 compared with
an estimate of only $350,000 in 1941, and of $2,500,000
in 1946. Taking into consideration the reduction in the
garrison and in the number of His Majesty's ships visiting
the Colony, the figure of $3,000,000 has been inserted for
the current financial year.
10.
In spite of considerable increases in charges
towards the end of the year, water revenue for the eleven
months ended 31st March, 1947, only totalled $2,538,657
against an estimate in 1941 of $2,331,200 and of $2,600,000
in 1946. In view of the fact that the increased charges
will now operate over the full year and also that the
demand for water is constantly increasing as repair work
proceeds, the water revenue estimate for 1947/48 has been
increased to $4,841,000.
11.
Railway receipts for the eleven month period
ended 31st March, 1947, amounted to $4,551,092. As new
locomotives and rolling stock arrive the number of trains
operating over the system is constantly being increased
and the revenue estimate for 1947/48 amounts to $5,355,300.
This allows for the possibility that conditions may
develop in South China which will result in a fall in
the volume of traffic.
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