XN000022-1973-02-29 — Page 3

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Wednesday, February 28, 1973

Interest on Hong Kong's investments

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the surpluses of previous

years is expected to bring in $248 million, an increase of more than

$26 million over the original estimate for the current year.

The balance making up the 1973-74 estimated total revenue comes from many different sources, including: Licences and Franchises at

$220 million; Fees of Court or Office, which covers mainly payments for services provided by Government departments, at 3524 million; Motor Vehicles Taxes at $55 million; the Kowloon-Canton Railway at $24 million; and contributions towards particular projects (such as schools, clinics, playgrounds and swimming poola) at $10 million.

Analysis of the figures in the draft Estimates of Revenue and

Expenditure shows that revenue sources are listed under three main groups. (Note: see Appendix IV of draft Estimates page 848).

They are:

Direct Taxes

$1,290 million or 27 per cent of total revenue

Indirect Taxes

$1,594 million or 34 per cent of total revenue

Other Revenue, including *** Reimbursements, Contributions and Loan Repayments

$1,838 million or 39 per cent of total revenue.

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