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HEAD 10 — REVENUE FROM LANDS, INTEREST, RENTS, ETC.
Estimate 1960/61
Revised estimate 1959/60
Approved estimate 1959/60
$56,671,400
50,767,900
50,103,900
49,715,497
Actual revenue 1958/59
The following are the items mainly responsible for the increase shown above:
Approved
Subhead
Estimate
Revised Estimate
1959/60
Estimate for 1960/61
Remarks
1959/60
Interest
$25,000,000
$27,912,700
$29,000,000
Higher interest rates.
Lands not leased (permits for
encroachments, etc.)...
2,295,000
2,932,500
3,414,000
Revision of Crown Land
permit fees.
Buildings and furniture
3,900,000
4,506,400
4,550,000
More quarters.
Resettlement rents
11,502,900
8,017,500
12,024,600
More multi-storey blocks completed in various resettlement estates.
Estimate 1960/61
Revised estimate 1959/60
Approved estimate 1959/60
Actual revenue 1958/59
HEAD 11 — LAND SALES
$35,525,000
19,124,400
17,525,000
30,920,067
The revised estimate 1959/60 shows an increase of $1,599,400 over the approved estimate due mainly to rapid development of land in the New Territories for residential and industrial purposes. The further increase in the 1960/61 figures is due mainly to the expected sale of several valuable sites on the Island.
HEAD 12- ·COLONIAL DEVELOPMENT AND WELFARE GRANTS
Estimate 1960/61
Revised estimate 1959/60
Approved estimate 1959/60
Actual revenue 1958/59
$ 45,000
792,200
857,300
1,193,893
Receipts under this Head represent proportionate reimbursements of expenditure on the scheme detailed in the footnotes to Expenditure Head 81.
HEAD 13- · LOANS FROM UNITED KINGDOM GOVERNMENT
—
Estimate 1960/61
Revised estimate 1959/60
Approved estimate 1959/60
Actual revenue 1958/59
$4,224,000
2,728,700
5,824,000
8,322,131
Receipts under this Head constitute partial reimbursements of expenditure under the Kai Tak Airport Development Subhead in Public Works Non-Recurrent.
HEAD 14- WORLD REFUGEE YEAR GRANTS
Estimate 1960/61
$3,770,600
650,000
Revised estimate 1959/60
Receipts under this Head represent reimbursements of expenditure under Head 82.
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