Estimates-1934 — Page 108

Appendix II.

CALCULATION OF DEFENCE CONTRIBUTION FOR THE YEAR 1934.

Estimated Revenue

DEDUCT:-

Opium Monopoly

Water Service

Government.

Use of Motor Vans

REVENUE

HEAD 3,

HEAD 4.

Contribution for Anti-Piracy Escorts

Maintenance of Gap Rock Light House, Coutribution from Chinese

✓ Widows' and Orphans' Pensions Contribution....

HEAD 5.

Wireless Telegraphy Services

HEAD 6.

Kowloon-Canton Railway

HEAD 9.

Condemned Stores, &e.

HEAD 10.

✓ Land Sales

EXPENDITURE

HEAD 30.

Interest on 4% Conversion Loan ($4,927,000)

Sinking Fund on above

Revenue assessable to Defence Contribution

196,547 (1)

37,000

112,000

(2)

750

31,000 380,000 (3)

526,775 (2)

1,581,000 (4)

12,000 (5)

1,200,000 (6)

31,731,625

107

197,080 169,982

} (7)

4,444,134

27,287,491

20% of $27,287,491

5,457,498

483,346 (8)

Less Estimated Overpayment on account of 1933 Contribution.....

Total

(1) For details see Statement on next page.

(2) Approved by Secretary of State.

Less Working Expenses

(3) Ordinance No. 15 of 1908, a. 5.

(4) C. 0. Despatch No. 250 of 19th August, 1911:

Gross Receipts,

Interest @ 30。 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..

Deficit,......

$ 1,581,000 $ 1,142,781 640,608

183,040

1,966,429

$ 385,429

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

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

(7) Ordinance No. 15 of 1933.

(8) Estimated Overpayment on account of 1933 Military Contribution for 1934 Estimates

Revised Estimate of Revenue, 1933,

DEDUCT:-

Opium Monopoly,

REVENUE

HEAD 3.

HEAD 4.

Contribution for Anti-Piracy Escorts

Water Service

Government

Use of Motor Vans

Maintenance of Gap Rock Light House, Contribution from Chinese

Widows' and Orphans' Pension Contribution,.

HEAD 5.

Wireless Telegraphy Services

HEAD 6.

Kowloon-Cantou Railway

HEAD 9.

Condemned Stores, &c.

HEAD 10.

Land Sales,

EXPENDITURE

HEAD 30.

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

Revised Estimate of Revenue assessable to Military Contribution,

Estimate of Revenue 1933 assessable to Military Contribution,

20% of $2,416,732,

568,965

34,000

115,000

760

31,010

848,000

466,839

1,574,000

12,000

2,400,000

4,974,152

$ 33,027,000

221,715

5,772,279

27,254.721

29,671,453

Overestimated....

2,416,732

.$ 483,346