CO129-532-1 Basis of assessment for military contributions 9-12-1930 - 29-3-1932 — Page 127

7.

126

&

from the gross receipts under this section as by law should

have been the case.

At the end of 1910 over $5,200,000 had been laid out, this had increased to $8,000,000 by 1920 and the figure on the

31st December, 1929, was/over $12,000,000. It will be seen

unt

therefore that if 4 on this sum of $5,200,000 increasing to, $12,000,000 had been deducted annually from the gross revenue

an

before the contribution of 20 was levied the annual reduction of the military contribution for the twenty years in question would have been amounts increasing from $41,600 in 1911 to $96,000 in 1930, a considerable sum of money.

It would thus appear that subsequent to 1910 deductions from the total revenue assessable for ilitary contribution which should have been made have been overlooked. I am unable to assign the reason for this oversight, but I propose, with your permission, (while making no recalculation on account of over payments already made) to abide for the future by the terms of the Ordinance. This will involve the deduction of a total of 4 of $12,000,000

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words

from the assessable revenue on account of 1931, and after 1931 on the deduction from the assessable revenue of an amount to be calculated in accordance with the Ordinance each year up to the expiry of 50 years from the time expenditure was incurred.

The revenue from Excess Water Account alone (which is

payment per 1,000 gallons for water used in excess of a free allowance based on a calculation of the rated value of the

premises, under Ordinance 16 of 1903) was in

人

1911

$135,520

1917

$184,135

A

1923 $490,284

1912

181,621

1918

$188,383

1924

540,533

1913

161,595

1919

217,183

1925

538,035

1914

189,440

1920

257 834

1926

471,679

1915

169,448

1921

314,068

1927

634,222

1916

190,091

1922

453,526

1928

768,898

1929

615,458

Edwin Taylor,

Deputy Treasurer.

9m 17:30

December, 1930-

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