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HEAD 7—– WATER REVENUE
Estimate 1961/62
Revised estimate 1960/61
Approved estimate 1960/61
$23,710,000
21,710,000
18,863,000
16,274,960
Actual revenue 1959/60
The higher rate of water charges and the increase in hours of supply are the reasons for the increase of revenue.
HEAD 8 POST OFFICE
Estimate 1961/62
Revised estimate 1960/61
Approved estimate 1960/61
Actual revenue 1959/60
$62,695,300
57,672,500
50,167,000
44,137,639
The increase in the revised estimate for 1960/61 and the further increase in the estimate for 1961/62 are generally attributable to increased postal traffic. Revenue arising from stamps affixed to Import and Export Declarations and to applications for Certificates of Origin are also now included under Subhead 5, Postage Stamps.
HEAD 9 — KOWLOON-CANTON RAILWAY
Estimate 1961/62
Revised estimate 1960/61
Approved estimate 1960/61
Actual revenue 1959/60
$9,029,000
8,977,000
7,215,000
8,084,466
Goods services account for $1,000,000 and passenger traffic for $600,000 of the increase in
the revised estimate over the approved estimate for 1960/61.
HEAD 10 - REVENUE FROM LANDS, INTEREST, RENTS, ETC.
Estimate 1961/62
$59,112,400
Revised estimate 1960/61
58,083,600
56,671,400
51,452,687
Approved estimate 1960/61
Actual revenue 1959/60
The revised estimate for 1960/61 shows an increase of $1,412,200 over the approved estimate. The 1961/62 estimate is a further $1 million greater than the 1960/61 revised estimate. The figures for the major items in this Head which show appreciable changes are as follows:—
Subhead
Approved Estimate
Revised
Estimate
Estimate 1961/62
Remarks
1960/61
1060/61
Interest
$29,000,000
$28,324,000
$25,186,000
Reduction in bank deposits.
Lands not leased (permits for
encroachment, etc.) .......
3,414,000
5,000,000
6,000,000
Revision of Crown Land
permit fees.
Leased lands.......
2,047,100
3,555,500
3,555,500
Estimate 1961/62
Revised estimate 1960/61
Approved estimate 1960/61
Actual revenue 1959/60
Short term leases of ware- house accommodation in the former Naval lands in Kowloon.
HEAD 11--- LAND SALES
$68,501,000
56,000,000
35,525,000
22,331,958
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