Estimates-1931 — Page 112

Appendix III.

CALCULATION OF DEFENCE CONTRIBUTION FOR THE YEAR 1931.

Estimated Revenue

DEDUCT:-

...

27,488,759

CLASS I.

Opium Monopoly

667,241 (1)

CLASS II.

Kowloon-Canton Railway

948,550 (2)

CLASS IV.

Condemned Stores

Widows' and Orphans' Pensions Contribution......... Anti-Piracy Guards.....

15,000 (3) 294,000 (4) 143,272 (5)

117

CLASS V.

Land Sales

1,500,000 (6)

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

300,000

338,000 (7)

4,201,063

Revenue assessable to Defence Contribution

23,287,696

20% of $23,287,696=

4,657,539

Add Estimated Arrears on account of 1930 Contribution....

Total

126,751 (8)

4,784,290

(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 31⁄2 % Inscribed Stock Issue of 1906 (£1,143,933)

=£11,140,..

Deficit...

.$ 948,550

$ 947,547 600,570

171,600

1,719,717

$ 771,167

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

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

(5) Contribution by Shipping Companies to provide payment for guards. Formal authority for exemption is being requested. (6) Ordinance No. 1 of 1901, s. 2.

(7) Ordinance No. 14 of 1927.

(8) Estimated arrears on account of 1930 Military Contribution for 1931 Estimates:—

Revised Estimate of Revenue, 1930,

DEDUCT: *-

24,066,000

CLASS I.

Opium Monopoly,

753,337

CLASS II.

Kowloon-Canton Railway

948,850

CLASS IV.

Condemned Stores,

Widows' and Orphans' l'ension 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 1930 assessable to Military Contribution.

20% of $633,754,

8,652 279,100

1,500,000

300,000 333,000

4,122,939

19,943,061 19,309,307

633,754

126,751