Estimates-1929 — Page 102

Page 102 Appendix III.

CALCULATION OF DEFENCE CONTRIBUTION FOR THE YEAR 1929.

Estimated Revenue

"DUCT :—

CLASS I.

Opium Monopoly

666,233 (1)

CLASS II.

Kowloon-Canton Railway

808,300 (2)

CLASS IV.

Condemned Stores

15,000 (3)

Widows' and Orphans' Pensions Contributions

175,000 (4)

CLASS V.

22,278,600

105.

Land Sales

1,000,000 (5)

Interest ou 6% Public Works Loan ($5,000,000) Sinking Fund on above

Revenue assessable to Defence Contribution

300,000 333,000

(6)

3,297,533

18,981,067

20% of $18,981,067=

3,796,213

Add estimated excess on account of 1928 Contribution

192,175 (7)

Total

3,988,388

(1) For details see Statement on next page.

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

Gross Receipts,

Less Working Expenses

******

Interest @ 3% on Inscribed Stock Issue of 1906 (£1,143,933)=£40,038, Sinking Fund @ 1 % on 31⁄2 % Inscribed Stock Issue of 1906 (£1,143,933)

=£11,140,...

$ 811,644 417,788

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

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

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

Deficit,..

(6) Ordinance No. 14 of 1927.

(7) Estimated arrears on account of 1928 Military Contribution for 1929 Estimates:-

Revised Estimate of Revenue, 1928,

Deduct :-

CLASS I.

Opium Monopoly,

CLASS II.

Kowloon-Canton Railway

CLASS IV.

Condemned Stores,...

Widows' and Orphans' Pension Contribution,.

CLASS V.

Land Sales,

Interest on 6% Public Works Loan ($3,000,000) Sinking Fund on above

A

Revised Estimate of Revenue 1928 assessable to Military Contribution,

Less Estimate of Revenue 1928 assessable to Military Contribution,

20% on $960,876,

..$ 808,300

119,374

1,348,806

$ 540,506

$ 22,674,410

716,157

820,023

58,704

170,500

1,255,000

180,000

200,000

8,400,334

19,274,026

18,313,150

960.876

192,175