CO129-519-1 Estimates for 1930 5-9-1929 - 14-11-1929 — Page 241

Appendix III.

CALCULATION OF DEFENCE CONTRIBUTION FOR THE YEAR 1930.

Estimated Revenue

DEDUCT:—

*

CLASS I.

Opium Monopoly

616,213 (1)

CLASS II.

Kowloon-Canton Railway

949,400 (2)

CLASS IV.

Condemned Stores

Widows' and Orphans' Pensions Contribution

CLASS V.

15,000 (3) 190,000 (4)

$

22,712,920

283

107

Land Sales

Interest on 6% Public Works (1927) Loan ($5,000,000) Sinking Fund on above

1,000,000 (5)

300,000

333,000} (6)

3,403,613

Revenue assessable to Defence Contribution

19,309,307

20% of $19,309,307=

3,861,861

Add estimated arrears on account of 1929 Contribution

3,699 (7)

Total

3,865,560

(1) For details see Statement on next page.

(2) C.0. Despatch No. 250 of 19th August, 1911:-

Gross Receipts,

.$ 949,400

Less Working Expenses

Interest @ 31% on Inscribed Stock Issue of 1906 (£1,143,933)=£40,038, Sinking Fund @ 1 % on 31 。 Inscribed Stock Issue of 1906 (£1,143,933)

-£11,440,..

$1,234,879 436,695

124,800

1,796,354

$ 846,954

Deficit.......

(3) C.O. Despatch No. 129 of 29th April, 1922.

(4) Ordinance No. 15 of 1908, s. 5.

(5) Ordinance No. 1 of 1901, s. 2.

(6) Ordinance No. 14 of 1927.

(7) Estimated arrears on account of 1929 Military Contribution for 1930 Estimates :—

Revised Estimate of Revenue, 1929,

Deduct :-

Opium Monopoly,

Kowloon-Canton Railway

Condemned Stores,

CLASS I.

CLASS II.

CLASS IV.

Widows' and Orphans' Pension Contribution,...

Land Sales,

CLASS V.

Interest on 6% Public Works (1927) Loan ($5,000,000)

Sinking Fund on above

Revised Estimate of Revenue assessable to Military Contribution,

Less Estimate of Revenue 1929 assessable to Military Contribution,

20% of $18,493,

$ 22,700,000

665,247

945,793

C.

18,000 188,400

1,250,000

300,000 333,000

3,700,440

18,999,560

18,981,067

18,493

3,699