Estimates-1924 — Page 101

102

Appendix I.

CALCULATION OF DEFENCE CONTRIBUTION FOR THE YEAR 1924.

Estimated Revenue,

DEDUCT:-

CLASS I.

Opium Monopoly,

833,985 (1)

CLASS II.

Kowloon-Canton Railway,

730,000 (2)

CLASS IV.

Condemned Stores,

2,600 · (3)

Widows' and Orphans' Pension Contributious,..

107,000 (4)

CLASS V.

Land Sales,

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

Sinking Fund on above,

Revenue assessable to Defence Contribution,

Add estimated arrears on account of 1922 Contribution,

(1) For details see Statement on next page.

Total...

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

Gross Receipts,

Less Working Expenses including $1,096,414 under Special Expenditure for

Construction and Locomotive, Carriage, and Wagon Expenses, Interest @ 31% 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,.

(3) 0.0. Despatch No. 129 of 29th April, 1922,

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

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

Deficit.......

1,500,000 (5)

180,000

200,000 } (6)

號

21,369,934

3,553,585

17,816,349

20% of $17,816,349=

3,563,270

463,492 (7)

4,028,762

.$ 730,000

$ 1,671,341 369,582

105,600

2,146,523

$ 1,416,523

(6) Ordinance No. 1 of 1917.

Estimated arrears on account of 1922 Military Contribution for 1923 Estimates :-

Revised Estimate of Revenue, 1922,

$22,982,471

Deduct:

CLASS I.

Opium Monopoly,

.$ 726,180

CLASS II.

Kowloon-Canton Railway,

509,400

CLASS IV.

Condemned Stores,..

-----

Widows' and Orphans' Pensions Contributions,

2,600 103,200

CLASS V.

Land Sales,

2,800,000

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

180,000

Sinking Fund on above,

200,000

4,521,380

Revised Estimate of Revenue 1922 assessable to Military Contribution, Less Estimate of Revenue 1922 assessable to Military Contribution,

18,461,094

16,133,635

2,327,459

20% on $2,327,459,

465,492