Estimates-1959 — Page 156

PART I EXPLANATORY NOTES ON REVENUE ESTIMATES

GENERAL

Estimate 1958/59

Revised estimate 1957/58

Approved estimate 1957/58

Actual revenue 1956/57

Actual revenue 1955/56

$554,054,300

556,653,100

507,489,000

509,682,510

454,720,189

For the forthcoming financial year the estimate of recurrent revenue is $527,675,100 compared with $522,096,600 (revised) and $478,379,100 (approved) for 1957/58. The revised estimate is thus $43,717,500 higher than that approved last March. The following table gives a breakdown of this figure:—

Approved Estimate

1957-58

Revised Estimate Difference

1957-58

$m

$m

$m

Duties

96.2

106.0

+ 9.8

Rates

63.4

64.5

+ 1.1

Internal Revenue

154.2

170.5

+16.3

Fines, Forfeitures and Licences

18.4

20.4

+ 2.0

Fees of Court or Office

59.4 *

68.7

+ 9.3

Water Revenue

12.6

12.7

+ .1

Post Office

27.6

30.1

+ 2.5

Kowloon Canton Railway

6.0

8.0

+ 2.0

Revenue from Interest, Lands,

Rents, etc.

40.6

41.2

+ .6

478.4

522.1

+43.7

* includes $18.6m previously shown under "Miscellaneous Receipts".

The 1958/59 revenue estimates have been framed in the light of these revised figures. The total estimate for recurrent revenue $527,675,100 represents an increase of $5,578,500 over the revised estimate for the current year as follows:-

Revised Estimate

1957-58 $m

Estimate Difference

1958-59 $m

$m

Duties

Rates

106.0

108.9

+ 2.9

64.5

70.1

+ 5.6

Internal Revenue

170.5

164.0

6.5

Fines, Forfeitures and Licences

20.4

19.3

1.1

Fees of Court or Office

68.7

65.3

3.4

Water Revenue

12.7

14.7

+ 2.0

Post Office

30.1

31.2

+ 1.1

Kowloon Canton Railway

8.0

6.9

1.1

Revenue from Interest, Lands,

Rents, etc.

41.2

47.3

+6.1

522.1

527.7

+ 5.6