Estimates-1927 — Page 99

Appendix III.

CALCULATION OF DEFENCE CONTRIBUTION FOR THE YEAR 1927.

Estimated Revenne

DEDUCT

CLASS L

Opium Monopoly

788,786 (1)

CLASS II.

Kowloon-Canton Railway

609,100 (2)

CLASS IV.

Condemned Stores

Widows' and Orphans' Pensions Contributions

600 152,300

CLASS V.

21,007,397

101

Land Sales

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

300,000 (5) 180,000

Sinking Fund on above

200,000 (6)

2,230,786

Revenue assessable to Defence Contribution

18,776,611

20% of $18,776,611=

3,755,322

Deduct estimated excess on account of 1926 Contribution

232,316 (7)

Total

3,523,006

(1) For details see Statement on next page.

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

Gross Receipts,

Lexs Working Expenses including $61.800 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 % un 31⁄2 。 Inscribed Stock Issuc of 1906 (£1,143,933)

£11,440,.

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

(4) Ordinance No. 15 of 1908, 8. 3.

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

Deficit.........

(6) Ordinance No. 1 of 1917,

(7) Estimated excess on account of 1926 Military Contribution for 1927 Estimates :

Estimate of Revenue 1926 assessable to Military Contribution, 1926., Revised Estimate of Revenue, 1926,

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 Estiuate of lievenir. 1926 assessabie t.. Military Contribution,

Excess...

20% of $1,161,581,

609,100

* 650,085

400,380

114,400

1,164,813

$ 555,713

619,209

497,130

2,042

150,000

18,740,998

$ 19,486,657

258,359

180,000

200,000

1,907,240

17,579,437

1,161,581

232,316