Estimates-1922 — Page 98

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Appendix I.

CALCULATION OF DEFENCE CONTRIBUTION FOR THE YEAR 1922.

Estimated Revenue,

DEDUCT:-

CLASS I.

Opium Monopoly,

க

564,800 (1)

CLASS II.

Kowloon-Canton Railway,

629,000 (2)

CLASS IV.

Widows' and Orphans' Pension Contributions,...

81,000 (3)

CLASS V.

Land Sales,

Interest ou 6% War Loan ($3,000,000),

1,634,000 (4)

180,000

Sinking Fund on above,

Revenue assessable to Defence Contribution,

17,276,260

200,000 (5)

3,288,800

13,987,460

20% of $13,987,460=

2,797,492

44,234 (7)

2,841,726

Add estimated arrears on account of 1921 Contribution,...

Total.....

(1) For details see Statement overleaf.

(2) C.O. Despatch No. 250 of 19th August, 1911:—

Gross Receipts,

Less Working Expenses including $265,345 under Special Expenditure for

Construction and Locomotive. Carriare, and Wagon Expenses, Interest @3% on Inscribed Stock Issue of 1906 (£1,143.933)=£40.038, Sinking Fund @ 1% on 33 % Inscribed Stock Issue of 1906 (£1,143,933)

-£11,440,..

Deficit,

.$ 629,000

$ 795,766 320,304

91,520

1,207,590

$ 578,590

(3) Ordinance No. 15 of 1908, s. 5.

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

(5) Ordinance No. 1 of 1917.

(1) Estimated arrears on account of 1921 Military Contribution for 1922 Estimates :-

Revised Estimate of Revenue, 1921,

$16,590,519

Deduct

CLASS I.

*Light Ducs, Special Assessment,

Opium Monopoly,

8.624 427,690

CLASS II.

Kowloon-Canton Railway,

604,000

CLASS IV.

Widows' and Orphans' Peusions Contributions,

78,000

CLASS V.

Land Sales,

1,281,000

Interest on 6% War Loan ($3,000,000),

180,000

Sinking Fund on above,

200,000

2.779,314

Revised Estimate of Revenue 1921 assessable to Military Contribution, Less Estimate of Revenue 1921 assessable to Military Contribution,

13.811,205 13.590,036

20% on $221,169,

* Balance of half cost of Typhoon Refuge.

221,169

44.234