Estimates-1933 — Page 106

Appendix II.

CALCULATION OF DEFENCE CONTRIBUTION FOR THE YEAR 1933.

Estimated Revenue

DEDUCT:-

REVENUE HEAD 3.

......

34,002,575

Opium Monopoly

588,172 (1)

......

HEAD 4.

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

394,600 (4)

120,000 (5)

HEAD 6.

Kowloon-Canton Railway

1,283,350 (2)

HEAD 9.

Condemned Stores

12,000 (3)

HEAD 10.

Land Sales

1,800,000 (6)

EXPENDITURE

HEAD 30.

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

Revenue assessable to Defence Contribution

333,000

300,000 (7)

4,331,122

29,671,453

20% of $29,671,453=

5,934,291

Less Estimated Overpayment on account of 1932 Contribution...

102,020 (8)

Total

5,832,271

(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 34 % Inscribed Stock Issue of 1906 (£1,143,933)

£11,440,............

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

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

Deficit..........

1,283,350

$ 1,021,631 686,366

196,114

1.904,111

.$ 620,761

(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 Overpayment on account of 1932 Military Contribution for 1933 Estimates :-

Revised Estimate of Revenue, 1932,

DEDUCT:-

REVENUE

HEAD 3.

$ 33,152,674

Opium Monopoly,

HEAD 4.

Widows' and Orphans' Pension Contribution,.. Contribution for Anti-Piracy Guards......

HEAD 6.

Kowloon-Canton Railway

HEAD 9.

Condemned Stores,

HEAD 10.

Land Sales,

EXPENDITURE

HEAD 33.

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

י.

Revised Estimate of Revenue assessable to Military Contribution,

Estimate of Revenue 1932 assessable to Military Contribution,

20% of $510,099,...

732,200

361,000

120,000

&

1,282,150

12,500

1,300,000

Overestimated.......

300,000 333,000

4,440,850

28,711,824

29,221,923

510,099

102,020