Estimates-1961 — Page 172

PART I-EXPLANATORY NOTES ON REVENUE ESTIMATES

Estimate 1960/61

Revised estimate 1959/60

Approved estimate 1959/60

Actual revenue 1958/59

Actual revenue 1957/58

GENERAL

$712,160,900

637,250,400

600,632,500

629,336,662

584,185,187

Comparative analyses of the approved and the revised estimates 1959/60:

Approved

Revised

Estimate

Estimate

Difference

1959/60

1959/60

$M

$M

$M

Duties

110.4

122.7

+12.3

Rates

79.0

83.5

+ 4.5

Internal Revenue (excluding capital duties)

168.2

168.2

Licences & Franchises

36.8

40.7

+ 3.9

Fines and Forfeitures

4.0

3.4

T

0.6

Fees of Court or Office

(excluding capital receipts)

48.8

59.3

+10.5

Water Revenue

14.9

15.2

+ 0.3

Post Office

34.4

40.9

+ 6.5

Kowloon-Canton Railway

6.5

7.4

+ 0.9

Revenue from Lands, Interest, Rents, etc.

50.1

50.8

+ 0.7

Total Recurrent Revenue

553.1

592.1

+39.0

Internal Revenue (Estate & Excess Stamp

Duties)

19.0

14.5

4.5

Fees of Court or Office (Repayments of

Loans and Contributions)

4.3

7.4

+ 3.1

Land Sales

17.5

19.1

+ 1.6

Colonial Development & Welfare Grants

0.9

0.8

-

0.1

Loans from U.K. Government

5.8

2.7

3.1

World Refugee Year Grants

0.7

+ 0.7

Total Revenue

600.6

637.3

+36.7

Comparative analyses of the revised estimate 1959/60 and the estimate 1960/61:

Revised

Estimate

1959/60

Estimate 1960/61

Difference

$M

$M

SM

Duties

122.7

154.7

+32.0

Rates

83.5

93.5

+10.0

Internal Revenue (excluding capital duties)

168.2

169.9

+ 1.7

Licences and Franchises

40.7

40.7

Fines and Forfeitures

3.4

3.6

+ 0.2

Fees of Court or Office

(excluding capital receipts)

59.3

56.3

—

3.0

Water Revenue

15.2

18.9

+ 3.7

Post Office

40.9

50.2

+ 9.3

Kowloon-Canton Railway

7.4

7.2

0.2

Revenue from Lands, Interest, Rents, etc.

50.8

56.7

+ 5.9

Total Recurrent Revenue

592.1

651.7

+59.6