Estimates-1939 — Page 118

118

Appendix III,-Continued.

Revised Estimate of Revenue for 1938...

DEDUCT:-

Opium Monopoly

Contribution for Anti Piracy Escorts

Maintenance of Gap Rock Lighthouse, Contribution from Chinese

Sand Monopoly

Water Service

Government

Use of Motor Vans

Radio Traffic Office & Wireless

Kowloon-Canton Railway

Widows' and Orphans' Pensions Contribution.

ADD:

Condemned Stores, &c.

Land Sales

Interest on 4% Conversion Loan

Sinking Fund on above

Interest on 3% Dollar Loan

Redemption of Bonds

Net Receipts on Productive Undertakings.—

$35,660,000

350,000 100,000

8,000

120,000

750

30,000

428,000

241,200

1,789,650

126,000

883,000

193,520

166,911

431,200

560,000

5,428,231

30,231,769

OPIUM MONOPOLY

Gross Receipts

Less Working Expenses

350,000 254,950

Net Profits....

95,050

SAND MONOPOLY

Gross Receipts

Less Working Expenses.

100,000 90,335

Net Profits.

9,665

WATER SERVICE.

Gross Receipts..

Less Working Expenses

8,000 13,500

Net Profits......

Nil.

USE OF MOTOR VANS.

Gross Receipts

Less Working Expenses

30,000 31,675

Net Profits.....

Nil

RADIO TRAFFIC OFFICE & WIRELESS.

Gross Receipts

Less Working Expenses

241,200 402,232

Net Profits.....

Nil.

KOWLOON-CANTON RAILWAY.

Gross Receipts

Less Working Expenses

1,789,650 1,253,829

Net Profits

535,821

Revised Estimate of Revenue assessable for Defence Contribution for 1938.... Estimate of Revenue assessable for Defence Contribution for 1938

30,872,305 26,128,957

Underestimated

$ 4,743,348

20% of..

.$4,743,348= $948,670