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Wednesday, February 28, 1973
Interest on Hong Kong's investments
-
the surpluses of previous
years is expected to bring in $248 million, an increase of more than
$26 million over the original estimate for the current year.
The balance making up the 1973-74 estimated total revenue comes from many different sources, including: Licences and Franchises at
$220 million; Fees of Court or Office, which covers mainly payments for services provided by Government departments, at 3524 million; Motor Vehicles Taxes at $55 million; the Kowloon-Canton Railway at $24 million; and contributions towards particular projects (such as schools, clinics, playgrounds and swimming poola) at $10 million.
Analysis of the figures in the draft Estimates of Revenue and
Expenditure shows that revenue sources are listed under three main groups. (Note: see Appendix IV of draft Estimates page 848).
They are:
Direct Taxes
$1,290 million or 27 per cent of total revenue
Indirect Taxes
$1,594 million or 34 per cent of total revenue
Other Revenue, including *** Reimbursements, Contributions and Loan Repayments
$1,838 million or 39 per cent of total revenue.
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