CO129-623-3 Supplementary Expenditure- general correspondence on the allocation of funds and an annual report for the... 1-3-1950 - 30-9-1950 — Page 44

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APPENDIX

STATEMENT OF REVENUE IN THE YEAR 1948/49, UNDER HEADS AND

No. V.

SUB-HEADS AS COMPARED WITH THE ESTIMATES

Heads and Sub-heads.

Estimated.

Actual.

G.

Brought Forward

143,726,850

182,033,161.81

10.--MISCELLANEOUS RECEIPTS,-Contd.

Over the

Estimate.

$

Under the Estimate.

C.

$ c.

7,291,184.76

45,597,496.57

Explanatory Remarks.

Brought Forward

1,151,000

3,289,126.23 2,138,126.23

Royalty payable by the H.K. Tramway Co., Ltd. |

750,000

869,607.37 119,607.37

Increased traffic and population.

Royalty payable by the H.K. & Yaumati Ferry

Co., Ltd.

400,000

408,724.12

8,724.12

Improved services and more traffic.

Royalty payable by the Kowloon Motor. Bus Co.,

Ltd.

1,800,000

Royalty Mining Royalties

100

2,198,828.36

19,118.60

398,828.36

19,018.60

do.

-

Nominal estimate. Mining operations resumed during the year

Total

4,101,100

6,785,404.68 2,684,304.68

11.-COLONIAL DEVELOPMENT AND

WELFARE GRANTS.

D.924 Reclamation at Aberdeen

400,000

63,111.30

D.925 Landing Facilities at Kennedy Town

160,000

109,576.31

D.994 Village Agricultural Depôts--

Capital Expenditure

Recurrent Expenditure

R. 94 Fisheries Research

Total

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336,888.70 Reimbursement from C. D. & W. funds of the actual expenditure to 31.3.49.

Work on the scheme had to be deferred until late in the year.

50,423.69

Reimbursement from C. D. & W. funds of actual expenditure to 31.3.49. Scheme

revised and cost reduced below original estimate.

856.00

37,926.40

4,089.07

856.00

37,926.40

4,089.07

560,000

215,559.08

387,312.39

New scheme.

31.3.49.

Reimbursement from C. D. & W. funds of actual expenditure to

New item, covered by corresponding expenditure.

C. D. & W, funds.

Further sums still due from

12.-LAND SALES.

Premia on New Leases; Hong Kong

Kowloon

11

New Kowloon

13

New Territories

2,000,000

500,000

500,000

20,000

3,136,521.95 1,136,521.85

446,883.66

2,106,343.00 1,606,343.00

210,080.97 190,080.97

Bigger demand and higher land values.

53,116.34 Overestimated.

-

Bigger demand and higher values.

Exceptional increase in number of leases issued and in land values.

Total

3,020,000 5,899,829.48 2,932,945.82

53,116.34

Grand Totals

151,407,950

194.933.955.05 51,257,618.54

7,731,613.49

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