30%
118
Appendix III,-Continued.
Revised Estimate of Revenue for 1938..
$35,600,000
Appendix III,--Continued.
OPIUM MONOPOLY.
119
DEDUCT:-
Opium Monopoly
350,000
Sand Monopoly.
100,000
Estimated Cost of Manufacture and Working Expenses to be deducted from the Gross Receipts for the purpose of assessment of Military Contribution,-C.O. Despatch No. 173 of 10th July, 1914.
Water Service
8,000
Contribution for Anti Piracy Escorts
120,000
Maintenance of Gap Rock Lighthouse, Contribution from Chinese
1938.
1939.
Government
750
Use of Motor Vans
30,000
Widows' and Orphans' Pensions Contribution.
428,000
PERSONAL EMOLUMENTS,
Radio Traffic Office & Wireless
241,200
$
Kowloon-Canton Railway
1,789,650
Condemned Stores, &c.
Land Sales
126.000
Sales Department :-
883,000
Interest on 4% Conversion Loan
193,520
1 Monopoly Analyst, (£700 to £1,050 by 5 of £30; 2 of
£60; 2 of £30 and 1 of £20 annually)
16,800
16,800
Sinking Fund on abore
166,911
Interest on 34% Dollar Loan
431,200
Do., Do.,
Rent Allowance
1,135
1,135
Personal Allowance
2,400
2,400
Redemption of Bonds
560,000
ADD:-
5,428,231
30,231,769
Net Receipts on Productive Undertakings .-
1 Asst. Monopoly Analyst, (£600 for 2 years; then £650 to £720 by 1 of £30 and 1 of £40 then by 4 of £30 up to £840 and then £880 to £910 by 2 of £30).
11,553
9,600
Do
Rent Allowance
1.407
1,224
OPIUM MONOPOLY
1 Class V Clerk, ($1,100 to $1,400 by $100 annually)
Shroffs and Messengers,
1,050
1,200
1.788
1,926
Gross Receipts
Less Working Expenses
350,000 254,950
2 Revenue Officers (£430 by 5 of £10; 3 of £20 and 4 of £15
annually)......
12,593
13,133
Do.
Rent Allowances ........
2,640
2,640
Net Profits...
95,050
SAND MONOPOLY
Total Personal Emoluments
51,366
50,058
Gross Receipts.
Less Working Expenses
100,000 90,335
Other Charges
Net Profits..
9,665
WATER SERVICE.
Conveyance Allowances to:-
Gross Receipts..
Less Working Expenses
8,000 13,500
Monopoly Analyst......
Revenue Officers
540
640
360
360
Opium Expenses : →
Net Profits...
Nil.
Proportionate amount of Gas used in Laboratory Incidental Expenses
30
30
100
100
USE OF MOTOR VANS.
Proportionate Amount of Store
200
200
Gross Receipts
Less Working Expenses
30,000 31,675
Net Profits..
Nil
RADIO TRAFFIC OFFICE & WIRELESS.
Gross Receipts
Less Working Expenses
Preparation & Carriage of Opium
25,000
25,000
Reward for illicit Opium seizures
40,000
25,000
Transport
100
100
Uniform for 2 Europeaus
300
300
Motor Truck - Repairs, Running Expenses, Wages
2,000
2,000
Use of Space at Imports and Exports Office for storage,
Sales Department and Laboratory
25,300
25,300
241,200 402,232
Expenses of 13 Government Opium shops
20,000
20,000
Other Overhead Charges:-
Net Profits...
Nil.
Part Salary of Superintendent, Office Stuff, Coolies and
Messengers
6,000
6,000
Part Salary of other Chinese Revenue Officers
3,000
3.000
KOWLOON-CANTON RAILWAY.
Gross Receipts......
Less Working Expenses
1,789,650 1,253,829
Net Profits
535,821
Value of 340 chests of Benares (303 chests at S. $2,624 per chest and 37 chests at S. $2,606.62 per chest)= S. $891,517 at 4% = S. $33,661=H.K. $67,604. Rate of exchange 53
67,604
67,295
12% on $30,058 plus $9,000 for Pensions
7,546
7,382
Passages.
5,504
Revised Estimate of Revenue assessable for Defence Contribution for 1938.. Estimate of Revenue assessable for Defence Contribution for 1938
Underestimated
20% of......
. $4,743,348 – $948,670
30,872,305 26,128,957
$ 4,743,348
Total Other Charges
TOTAL..
203,584
182,607
254,950
232,665
50)
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