Estimates-1925 — Page 109

Appendix I.

CALCULATION OF DEFENCE CONTRIBUTION FOR THE YEAR 1925.

111

Estimated Revenue,

DEDUCT :-

CLASS I.

Opium Monopoly,

851,738 (1)

CLASS II.

Kowloon-Canton Railway,

813,000 (2)

CLASS IV.

Condemned Stores,

3,000 (3)

Widows' and Orphans' Pension Contributions,..

123,000 (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 1924 Contribution,

Total........

(1) For details see Statement on next page. (2) C.O. Despatch No. 250 of 19th August, 1911:—

Gross Receipts,

Less Working Expenses including $518,160 under Special Expenditure for

Construction and Locomotive, Carriage, and Wagon Expenses, Interest @ 34% 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,.

Deficit,.......

1,000,000 (5)

180,000

200,000 (6)

21,812,700

3,170,738

18,641,962

20% of $18,641,962=

3,728,392

481,393 (7)

4,209,785

(3) C.0. Despatch No. 129 of 29th April, 1922.

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

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

(6) Ordinance No. 1 of 1917.

(7) Estimated arrears on account of 1924 Military Contribution for 1925 Estimates :-

Revised Estimate of Revenue, 1924,

Deduct:-

CLASS I.

Opium Monopoly,

CLASS II.

Kowloon-Canton Railway,

CLASS IV.

Condemned Stores,..

Widows' and Orphans' Pensions Contributions,

CLASS V.

Land Sales,

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

Sinking Fund on above,

Revised Estimate of Revenue 1924 assessable to Military Contribution, Less Estimate of Revenue 1924 assessable to Military Contribution,

£20% on $2,406,965,

.$ 813,000

$ 1,108,583 355,893

101,689

1,566,165

$ 753,165

$23,903,937

$

694,834

399,889

87,800 118,100

2,000,000

180,000

200,000

3,680,623

20,223,314

17,816,349

2,406,965

481,393