CO129-516-3 Military contribution of Colony assessmenet of contribution 13-3-1929 - 28-3-1930 — Page 44

(52802/28)

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3.791.423

44

that the rating valuation would afford a more

satisfactory basis for assessment, it would be

idle to approach the Treasury with a proposal for

the adoption of the system unless the contribution

calculated on this basis could be shown to be not

less than the average contribution on the old

basis for the last three years.

The Governor answered this in his con-

fidential despatch of 28th July. He gave the

following comparative information of the military

contribution paid by the Colony in recent years,

and the contribution as it would have been if based

on the annual valuation :

Military contribution paid

1925

1926

1927

...

#4,178,249.

3,484,772.

3,842,041.

3,662,630.

1928 estimated...

Military contribution payable 12% of the

annual valuation :

#2,657,754.

1925

1926

...

Ray

3.193 514

1927

.1928

...

1929

3,274,543.

3,359,788.

3,481,973.

3,647,454.

The Governor then went on to mention certain

features of the existing system which the Hong Kong

In-

Government considered equitable. A copy of the Defence Contiburon Ordinance is attached which shows the statutory

exemptions from gross revenue for the purpose of

the