166
114
115
Appendix III.
CALCULATION OF DEFENCE CONTRIBUTION FOR THE YEAR 1938.
STATEMENT OF ESTIMATED REVENUE OF THE COLONY FOR THE YEAR 1938 ON WHICH THE MILITARY CONTRIBUTION IS PAYABLE.
Appendix III,—Continued.
Estimated Revenue
DEDUCT:---
Opium Monopoly
Sand Monopoly.
Water Service
Government
Use of Motor Vans
Contribution for Anti Piracy Escorts
Maintenance of Gap Rock Lighthouse, Contribution from Chinese
Widows' and Orphans' Pensions Contribution.
Wireless Telegraphy Services.
Kowloon-Canton Railway
Condemned Stores, &c.
Land Sales....
421,000 (3) 772,500 (2)
1,044,900 (4) 15,000 (5) 355,000 (6)
Revised Estimate of Revenue for 1937.
DEDUCT:-
$30,254,920
Opium Monopoly
Sand Monopoly.
Water Service
275,000 (1) 90,000 (2)
Contribution for Anti Piracy Escorts
Maintenance of Gap Rock Lighthouse, Contribution from Chinese
8,000 (2)
Government
115,000 (2)
Use of Motor Vans
Widows' and Orphans' Pensions Contribution...
750 (2)
27,000 (2)
Kowloon-Canton Railway
Wireless Telegraphy Services..
Condemned Stores, &c.
Land Sales
Interest on 4% Conversion Loan
Interest on 4% Conversion Loan
193,520 (7)
Sinking Fund on above
166,911
Interest on 33% Dollar Loan
431,200 (8)
ADD:-
Sinking Fund on above
Interest on 3% Dollar Loan
Redemption of Bonds
$31,240,000
250,000
90,000
7,000
115,000
750
26,500
412,755
753,500
1,125,600
20,000
355,000
193,520
166,911
450,800
560,000
4,527,336
26,712,664
Redemption of Bonds (34% Dollar Loan)
560,000
4,475,781
ADD:-
Net Receipts on Productive Undertakings:
25,779,139
OPIUM MONOPOLY
Net Receipts on Productive Undertakings.-
OPIUM MONOPOLY
Gross Receipts
Less Working Expenses
250,000 242,707
Gross Receipts
Less Working Expenses
275,000 254,950
Net Profits...
7,233
SAND MONOPOLY
Net Profits.
20,050
SAND MONOPOLY
Gross Receipts
Gross Receipts
90,000
Less Working Expenses
90,000 15,231
Less Working Expenses.
15,807
Net Profits..
74,769
WATER SERVICE.
Net Profits.
74,193
WATER SERVICE
Gross Receipts.
Gross Receipts
Less Working Expenses
8,000 13,500
Less Working Expenses
7,000 9,500
Net Profits...
Nil.
Net Profits..
Nil.
USE OF MOTOR VANS
USE OF MOTOR VANS.
Gross Receipts
Less Working Expenses
27,000 31,141
Gross Receipts
Less Working Expenses
26,500 29,995
Net Profts.
Nil.
WIRELESS Telegraphy SerVICES
Net Profits.
Nil
Gross Receipts..
772,500
Less Working Expenses
Capital Exp to 1937..
"
for 1938 $115,508 @ 4%.
673,098 51,761 4,620
WIRELESS TELEGRAPHY SERVICES.
31
729,479
Gross Receipts Less Working Expenses
753,500
Capital Expenses to 1936
Net Profits.
43,021
27
for 1937 $59,420 @ 4%
502,345 49,385 2,377
Kowloon-CANTON RAILWAY
554,107
Gross Receipts
Less Working Expenses.
1,044,900 832,346
Net Profits..
199,393
Net Profits
212,554
KOWLOON-CANTON RAILWAY,
Total..
Revenue assessable for Defence Contribution Twenty per cent of $26,128,957= Add Estimated Underpayment on account of 1937 Contribution
(1) For details see statement on page 116.
(2) Approved by Secretary of State.
(3) Ordinance No. 15 of 1908 ®. 5.
(4) C. O. Despatch No. 250 of 19th August. 1911.
$26,128,957
5,225,791 (9) 463,787
$5,089,578
Gross Receipts Less Working Expenses
Revised Estimate of Revenue assessable for Defence Contribution for 1937. Estimate of Revenue assessable for Defence Contribution for 1937
(5) C. O. Despatch No. 129 of 29th April, 1922.
(6) Ordinance No. 1 of 1901 a. 2.
(7) Ordinance No. 15 of 1933.
(8) Ordinance No. 11 of 1934.
(9) Estimated Underpayment on account of 1937 Military Contribution for 1938 Estimates:
for details see page 115,
20% of..
Underestimated
..$2,318,933 $403,787
1,125,000 761,548
Net Profits
304,052
27,358,111 25,039,178
$ 2,318,933
167
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