Appendix II.
CALCULATION OF DEFENCE CONTRIBUTION FOR THE YEAR 1919.
Estimated Revenue,
DEDUCT:-
CLASS I.
Light Dues, Special Assessment,
Assessed Taxes, Special War Rate..
Opium Monopoly,
CLASS II.
Kowloon-Canton Railway,.............
A
CLASS IV.
Widows and Orphans' Pensions Contributions,
CLASS V.
Land Sales,
Interest on 6% War Loan ($3,000,000),
55,000 (1) 1,095,000 (2) 780,750 (3)
435,200 (4)
53,000 (5)
$
16,884,215
123
200,000 (6) 180,000
Sinking Fund on above,
Revenue assessable to Defence Contribution,
200,000 (7)
2,998,950
13,885,265
20% of $13,885,265
2,777,053
Add estimated arrears on account of 1918 Contribution,..........
468,729 (8)
Total....
3,245,782
(1) 0.0. Despatch No. 185 of 18th August, 1908.
(2) Ordinance No. 18 of 1917, s. 8.
(3) For details see Statement overleaf.
(4) C.O. Despatch No. 250 of 19th August, 1911.
Gross Receipts,
Leas Working Expenses including $67,330, under Special Expenditure, for
Construction and Locomotive, Carriage, and Wagon Expenses, Interest @3% on Inscribed Stock Issue of 1906 (£1,143,933)=£40,038, Sinking Fund @ 1% on 34 % Inscribed Stock Issue of 1906 (£1,143,933)
£11.440,...
(5) Ordinance No. 15 of 1908, s. 5.
Deficit,
(6) Ordinance No. 1 of 1901, s. 2.
(7) Ordinance No. 1 of 1917.
(8) Estimated Arrears on account of 1918 Military Contribution for 1919 Estimates.
Revised Estimate of Revenue, 1918,
435,200
$ 479,965 266,920
76,267
823,152
$ 387,952
$17,079,640
Deduct:-
CLASS I.
Light Dues, Special Assessment, Assessed Taxes, Special War Rate,
55,000
1,051,020
Opium Monopoly,
691,793
CLASS II.
Kowloon-Canton Railway,
437,220
CLASS IV.
Widows and Orphans' Pensions Contributions,
53,000
CLASS V.
Land Sales,
200,000
Interest on 6% War Loan ($3,000,000),
180,000
Sinking Fund on above,
200,000
2,868,033
Revised Estimate of Revenue 1918 assessable to Military Contribution, Less Estimate of Revenue 1918 assessable to Military Contribution,
14,211,607
11,867,962
2,343,645
20% of $2,343,645,
468,729
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