A 20
More buildings rented and some increase in rents.
More permits issued for open storage.
More land sales and fewer arrears. New markets opened at Stanley and Wong Nei Chung.
Sale of Rescue Tug and equipment used in commercial radio business.
Contractors' failure to carry out contract owing to conditions in China.
Casual.
Variable.
Traffic affected by large increase in population
Larger traffic receipts owing to the great increases in population.
do.
Previously held as Reserve Fund and now transferred to Revenue as a result of changes in accounting procedure. Profit on realization.
Increased demand for building sites for housing and industrial projects.
FINANCIAL RETURN No. 4.-Contd.
THE PRINCIPAL INCREASES AND DECREASES IN REVENUE OVER THE AMOUNTS ESTIMATED WERE AS FOLLOWS :-
Increase Decrease Explanatory Remarks Estimated Actual $ $ $ $ $ 7. RENT OF GOVERNMENT PROPERTY CA LAND AND HOUSES :- Buildings 105,000 Lands not Leased (Permits for Encroachment &c.) 250,000 373,185.69 123,185.69 175,011.06 70,011.06 Leased Lands (Crown Rent Exclusive of N.T.) 602,000 631,179.00 29,179.00 Markets 360,000 404,050.13 44,050.13 9. MISCELLANEOUS RECEIPTS :- Condemned Stores &c. Conservancy Contracts 15,000 183,528.04 168,528.04 30,000 13,654.39 16,345.61 Overpayments in previous years 10,000 Other Miscellaneous Receipts 100,000 64,365.45 35,634.55 146,962.93 46,962.93 Royalty Payable by the China Motor Bus Co., Ltd. 110,000 194,702.65 84,702.65 222,495.65 98,495.65 Royalty Payable by the Hong Kong and Yaumati Ferry Co., Ltd. 124,000 225,672.29 99,672.29 Royalty Payable by the Kowloon Motor Bus Co., Ltd. 126,000 Repayment of Trade Loan and Interest 92,265.36 92,265.36 Realization of Sterling Fund 76,398.75 76,398.75 10.-LAND SALES :- Premia on New Leases, Hong Kong 180,000 Kowloon New Kowloon 362,800.00 484,169.30 182,800.00 75,000 409,169.30 70,000 327,802.84 257,802.84 do. do.