Estimates-1930 — Page 104

Appendix III.

CALCULATION OF DEFENCE CONTRIBUTION FOR THE YEAR 1930.

Estimated Revenue

DEDUCT:

*

CLASS I.

Opium Monopoly

616,213 (1)

CLASS II.

Kowloon-Canton Railway

949,400 (2)

CLASS IV.

Condemned Stores

Widows' and Orphans' Pensions Contribution

15,000 (3)

190,000 (4)

22,712,920

107

CLASS V.

Land Sales

1,000,000 (5)

Interest on 6% Public Works (1927) Loan ($5,000,000) Sinking Fund on above

300,000 333,000

(6)

3,403,613

Revenue assessable to Defence Contribution

19,309,307

20% of $19,309,307=

3,861,861

Add estimated arrears on account of 1929 Contribution

3,699 (7)

Total

3,865,560

(1) For details see Statement on next page.

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

Gross Receipts,

Less Working Expenses

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

=£11,440,.

(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 1929 Military Contribution for 1930 Estimates

Revised Estimate of Revenue, 1929,

Deduct:-

---

CLASS I.

Opium Monopoly,

CLASS II.

Kowloon-Canton Railway

CLASS IV.

Condemned Stores...

Widows' and Orphans' Pension Contribution.......

Land Sales.

CLASS V.

Interest on 6% Public Works (1927) Loan ($5,000,000)

Sinking Fund on above

Revised Estimate of Revenue assessable to Military Contribution,

Less Estimate of Revenue 1929 assessable to Military Contribution,

20% of $18,4:3,

.$ 949,400

$ 1,234.879 436,695

124,800

1,796,354

$ 846,954

.$ 665,247

945,793

$ 22,700,000

18,000 188,400

1,250,000

300,000 333,000

3,700,440

18,999,560

18,981.067

18.493

3,699