CO129-550-1 Estimates 1935 14-9-1934 - 15-9-1934 — Page 281

Appendix III,-Continued.

Revised Estimate of Revenue for 1934...

DEDUCT:-

*--

Opium Monopoly

Water Service

Contribution for Anti Piracy Escorts

Maintenance of Gap Rock Lighthouse, Contribution from Chinese

Government

Use of Motor Vans

Widows' and Orphans' Pensions Contribution..

Wireless Telegraphy Services..

Kowloon Canton Railway

Condemned Stores &c.

Land Sales

Realization of Sterling Securities

Interest on 4% Conversion Loan

Sinking Fund on above

ADD:-

Net Receipts on Productive Undertakings .-

337

113

$29,670,634

700,000

25,000

100,000

750

31,000

330,000

671,500

1,687,400

13,000

590,000

125,000

193,520

166,911

4,634,081

25,036,553

OPIUM MONOPOLY

Gross Receipts

Less Working Expenses

700,000 197,126

Net Profits....

502,874

WATER SERVICE.

Gross Receipts..

Less Working Expenses

25,000 37,000

Net Profits....

Nil.

USE OF MOTOR VANS.

Gross Receipts

Less Working Expenses.

31,000 32,810

Net Profits...

Nil.

WIRELESS TELEGRAPHY SERVICES.

Gross Receipts

671,500

Less Working Expenses.

459,640

""

Capital Expenses to 1933

37,596

"

>

for 1934 $263,679 @ 4%...

10,547

507,783

Net Profits..............

163,717

KOWLOON CANTON RAILWAY.

Gross Receipts..

1,687,400

Less Working Expenses

Interest on 31% Inscribed Stock

"

"

Sinking Fund on above.

1,104,506 719,444 204,867

2,028,817

Net Profits

Nil.

Revised Estimate of Revenue assessable for Defence Contribution for 1934. Estimate of Revenue assessable for Defence Contribution for 1934.

25,703,144 27,287,491

20% of......

Overestimated

.$1,584,347 $316,869

$ 1,584,347