CO129-557-5 Estimates 1937 19-8-1936 - 7-8-1937 — Page 169

191

112

Appendix III.

CALCULATION OF DEFENCE CONTRIBUTION FOR THE YEAR 1937.

{

}

Appendix III,-Continued.

STATEMENT OF ESTIMATED REVENUE OF THE COLONY FOR THE YEAR 1937 ON WHICH THE MILITARY CONTRIBUTION IS PAYABLE.

Estimated Revenue

DEDUCT:-

Opium Monopoly

Water Service

Use of Motor Vans

Contribution for Anti Piracy Escorts

Maintenance of Gap Rock Lighthouse, Contribution from Chinese

Government

Widows' and Orphans' Pensions Contribution.

Wireless Telegraphy Services..

$28,700,250

250,000 (1)

6,500 (2)

100,000 (2)

750 (2)

27,000 (2)

400,000 (3)

713,500 (2)

Revised Estimate of Revenue for 1936...

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

Interest on 4% Conversion Loan

Kowloon-Canton Railway

Condemned Stores, &c.

1,225,150 (4)

15,000

Land Sales...

206,000 (6)

Interest on 4% Conversion Loan

193,520 (7)

Sinking Fund on above

Interest on 31% Dollar Loan

Redemption of Bonds

Sinking Fund on above

166,911

ADD:-

Interest on 33% Dollar Loan

450,800

Redemption of Bonds 32 Dollar Loan)

560,000 (8)

4,321,731

Net Receipts on Productive Undertakings.—

OPIUM MONOPOLY

ADD:-

24,438,519

Net Receipts on Productive Undertakings:--

Gross Receipts

Less Working Expenses

113

$28,415,970

420,000 6,500

110,000

750

28,300

397,200

692,600

1,278,820

11,000

200,000

193,520

166,911

470,400

560,000

4,536,001

23,879,969

420,000 194,265

OPIUM MONOPOLY

Gross Receipts

Less Working Expenses

250,000 253,437

Net Profits.

225,735

Net Profits..

Nil.

WATER SERVICE.

WATER SERVICE

Gross Receipts

Less Working Expenses

0,500 18,000

Gross Receipts.

Less Working Expenses.

6,500 8,000

Net Profits.

Nil.

USE OF MOTOR VANS

Net Profits..

Nil.

Gross Receipts

Less Working Expenses

27,000 28,222

USE OF MOTOR VANS.

Net Proûts.

Nil

Gross Receipts

WIRELESS TELEGRAPHY SERVICES

Less Working Expenses.

28,300 26,930

Gross Receipts

713,500

Less Working Expenses

נו

Capital Exp. to 1936...

++

27

for 1937 $54,900 @ 4%

520,046 49,449 2,196

i

Net Profits.

1,370

571,691

WIRELESS TELEGRAPHY SERVICES,

Net Profits..

Gross Receipts

692,600

141,800

KOWLOON-CANTON RAILWAY

Less Working Expenses

Gross Receipts

Less Working Expenses

1,225,150 766,300

}}

Capital Expenses to 1935

>

+

14

for 1936 $80,000 @ 4%

494,536 46,240 3,200

543,985

Net Profits

Total.

Revenue assessable for Defence Contribution Twenty per cent of Add Estimated Underpayment on account of 1936 Contribution

$25,030,178=

458,850

$25,039,178

5,007,835

Net Profits......

148,615

KOWLOON-CANTON RAILWAY,

(9) 371,825

$5,379,660

Gross Receipts.

Less Working Expenses.

1,278,820 735,142

Net Profits

(1) For details see statement on page 114.

(2) Approved by Secretary of State.

(3) Ordinance No. 15 of 1908 s. 5.

(4) C. O. Despatch No. 250 of 19th August, 1911.

(5) C. O. Despatch No. 120 of 29th April, 1922.

(6) Ordinance No. 1 of 1901 s. 2.

(7) Ordinance No. 15 of 1933.

(8) Ordinance No. 11 of 1934.

19) Estimated Overpayment on account of 1935 Military Contribution for 1936 Estiinates:

for details see page 113.

Revised Estimate of Revenue assessable for Defence Contribution for 1936.....

stimate of Revenue assessable for Defence Contribution for 1936

20% of...........

Underestimated

.$1,859,123= $371,825

543,678

""

24,799,367 22,940,244

$ 1,859,123

192