Estimates-1938 — Page 113

Appendix III, -Continued.

115

Revised Estimate of Revenue for 1937....

$31,240,000

DEDUCT:-

Opium Monopoly

Sand Monopoly.

Water Service

Government

Use of Motor Vans

Wireless Telegraphy Services..

Kowloon-Canton Railway

250,000

90,000

7,000

Contribution for Anti Piracy Escorts

Maintenance of Gap Rock Lighthouse, Contribution from Chinese

Widows' and Orphans' Pensions Contribution..

115,000

750

26,500

412,755

753,500

1,125,600

Condemned Stores, &c.

Land Sales

20,000

355,000

Interest on 4% Conversion Loan

193,520

Sinking Fund on above

166,911

Interest on 34% Dollar Loan

450,800

Redemption of Bonds

560,000

4,527,336

ADD:-

26,712,664

Net Receipts on Productive Undertakings .—

OPIUM MONOPOLY

Gross Receipts

Less Working Expenses

250,000 242,767

Net Profits...

7,233

SAND MONOPOLY

Gross Receipts

Less Working Expenses

90,000 15,231

Net Profits.

74,769

WATER SERVICE.

Gross Receipts.

Less Working Expenses

7,000 9,500

Net Profits..

Nil.

USE OF MOTOR VANS.

Gross Receipts ..

Less Working Expenses

26,500 29,995

Net Profits..

Nil

WIRELESS TELEGRAPHY SERVICES.

Gross Receipts

753,500

Less Working Expenses

Capital Expenses to 1936

for 1937 $59,420 @ 4%

502,345 49,385 2,377

91

14

554,107

Net Profits.....

199,393

KOWLOON-CANTON RAILWAY.

Gross Receipts

Less Working Expenses

1,125,600 761,548

Net Profits

364,052

Revised Estimate of Revenue assessable for Defence Contribution for 1937........ Estimate of Revenue assessable for Defence Contribution for 1937

27,358,111 25,039,178

Underestimated

$ 2,318,933

20% of........

.$2,318,933 $463,787