CO129-561-10 Estimates 1938 2-9-1937 - 23-9-1938 — Page 272

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114

321

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.

Revised Estimate of Revenue for 1937.

DEDUCT:-

Estimated Revenue

DEDUCT:-

Opium Monopoly

Sand Monopoly...

Water Service

Government

Use of Motor Vans

Widows' and Orphans' Pensions Contribution.

Wireless Telegraphy Services...

Kowloon-Canton Railway

$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

Contribution for Anti Piracy Escorts

Maintenance of Gap Rock Lighthouse, Contribution from Chinese

115,000 (2)

Use of Motor Vans

Widows' and Orphans' Pensions Contribution.

750

Wireless Telegraphy Services..

27,000 (2)

Kowloon-Canton Railway

421,000 (3)

772,500 (2)

1,044,900 (4)

Interest on 4 Conversion Loan

Condemned Stores, &c.

Land Sales.....

15,000 (5)

355,000 (6)

Interest on 4% Conversion Loan

193,520 (7)

Sinking Fund on above

166,911 (7)

Interest on 33% Dollar Loan

431,200 (8)

Redemption of Bonds (34% Dollar Loan)

560,000 (8)

ADD:-

Net Receipts on Productive Undertakings:-

4,475,781

25,779,139

ADD:-

Condemned Stores, &c.

Land Sales

Sinking Fund on above

Interest on 34% Dollar Loan

Redemption of Bonds

Net Receipts on Productive Undertakings.

Gross Receipts

$31,240,000

250,000

90,000

7,000

115,000

750

26,500

412,755

753,500

1,125,000

20.000

355,000

193,520

166,911

450,800

560,000

4,527,336

26,712,664

OPIUM MONOPOLY

OPIUM MONOPOLY

Less Working Expenses

250,000 242,767

Gross Receipts

Less Working Expenses

275,000 254,950

Net Profits...

7,233

SAND MONOPOLY

Net Profits..

20,050

Gross Receipts

SAND MONOPOLY

Less Working Expenses

90,000 15,231

Gross Receipts

Less Working Expenses.

90,000 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

77

Capital Exp. to 1937..

for 1938 $115,508 @ 4%.

673,098 51,761 4,620

WIRELESS TELEGRAPHY SERVICES.

Gross Receipts

753,500

11

11

729,479

Less Working Expenses

P]

Capital Expenses to 1936

Net Profits..

43,021

for 1937 $59,420 @ 4%

502,345 49,385 2,377

554,107

KOWLOON-CANTON RAILWAY

Gross Receipts

Less Working Expenses

1,044,900 832,346

Net Profits....

199,393

Net Profits

Total..

Revenue assessable for Defence Contribution Twenty per cent of Add Estimated Underpayment on account of 1937 Contribution

$26,128,957-

212,554

$26,128,957

5,225,791

KOWLOON-CANTON RAILWAY.

Gross Receipts.

Less Working Expenses

(1) For details see statement on page 116.

(9) 463,787

$5,689,578

(2) Approved by Secretary of State.

Revised Estimate of Revenue assessable for Defence Contribution for 1937..... Estimate of Revenue assessable for Defence Contribution for 1937

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

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

(5) C. O. Despatch No. 129 of 29th April, 1922.

(6) Ordinance No. 1 of 1901 s. 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

1,125,600 761,548

Net Profits

364,052

27,358,111 25,039,178

$ 2,318,933