Estimates-1915 — Page 112

Appendix II.

CALCULATION OF DEFENCE CONTRIBUTION FOR THE YEAR 1915.

CALCULA

Estimated Revenue,

DEDUCT:-

Light Dues, Special Assessment,

Opium Monopoly,

CLASS I.

105,000

889,675 (2)

(1)

CLASS II.

Kowloon-Canton Railway,...........

435,600 (3)

CLASS IV.

Widows' and Orphans' Pensions Contributions,

55,600 (4)

CLASS V.

Land Sales,

206,000

(5)

Revenue assessable to Defence Contribution,

11.407.632

1,691,875

9,715,757

Add estimated arrears on account of 1914 Contribution,

20% of $9,715,757 1,943,151

=

298,154

(1) 0.0. Despatch No 185 of 13th August, 1908.

Total,............ $ 2,241,305

(2) For details see Statement overleaf,

(3) C.0. Despatch No. 250 of 19th August, 1911.

Gross Receipts,

$435,600

Less Working Expenses,

323.455

Interest@ 3% on Inscribed Stock Issue of 1906 (£1,143,933)=£40,038, Sinking Fund @ 10% on 3% Inscribed Stock Issue of 1906

(£1,148,933)=£11.440,.....

436,778

124,800

Interest @3% on advances by Crown Agents to meet cost of Railway

construction,

9,077

894,110

Deficit,

$ 458,610

(4) Ordinance No. 15 of 1908, s. 5. (5) Ordinance No. 1 of 1901, s. 2.

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