CO129-526-10 Water supply- Shing Mun Valley Scheme with plans of the dam and reservoir sites 8-5-1930 - 10-9-1930 — Page 126

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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

155

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) 0.0. Despatch No. 250 of 19th August, 1911:-

Gross Receipts,

Less Working Expenses

Interest @ 31% on Inscribed Stock Issue of 1906 (£1.143,933)=£40,038, Sinking Fund @ 1% on 3 / Inscribed Stock Issue of 1906 (£1.143,933)

=£!1,440,.

(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.

Deficit................................

.$ 949,400

$ 1,234.879

436,695

124,800

(6) Ordinance No. 14 of 1927.

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

Revised Estimate of Revenue, 1929,

Deduct:-

CLASS I.

Opium Monopoly,

CLASS II.

Kowloon-Canton Railway

CLASS IV.

Condemned Stores....

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 $18,4-3,

1,796,354

846,954

$ 22,700,000

665,247

945,793

18,000 188,400

1,250,000

300,000

333,000

3.700,440

18,999,560

18,981,067

18.493

3,699