Estimates-1962 — Page 187

185

The revised estimate for 1960/61 shows a marked increase of $20,475,000 over the approved estimate. The following is a comparative analysis of each subhead:-

Approved

Subhead

Estimate

Revised Estimate

Difference

1960/61

1960/61

Premia on new leases, Hong Kong Premia on new leases, Kowloon

Premia on new leases, New Kowloon

$18,500,000

$22,500,000

+$ 4,000,000

5,000,000

10,000,000

7,000,000

Premia on new leases, New Territories......

Premia on new leases, Piers & Wharves

5,000,000

19,500,000

4,000,000

+ 5,000,000

+ 12,500,000

25,000

1,000,000

25,000

$35,525,000

$56,000,000

+$20,475,000

The estimate for 1961/62 shows a further marked increase of $12,501,000 over the revised 1960/61 estimate. Comparative analyses are as follows:-

Revised

Subhead

Estimate

Estimate 1961/62

Difference

1960/61

Premia on new leases, Hong Kong Premia on new leases, Kowloon Premia on new leases, New Kowloon

Premia on new leases, New Territories......

Premia on new leases, Piers & Wharves

$22,500,000

$38,000,000

10,000,000

19,500,000

5,000,000

21,000,000

+$15,500,000

5,000,000

+ 1,500,000

4,000,000

4,500,000

+ 500,000

1,000

1,000

$56,000,000

$68,501,000

+$12,501,000

sales.

These increases are due to the rise in land values and to the greater number of Crown land

HEAD 12 COLONIAL DEVELOPMENT AND WELFARE GRANTS

Estimate 1961/62

$425,500

Revised estimate 1960/61

20,800

Approved estimate 1960/61

45,000

Actual revenue 1959/60

778,069

Receipts under this Head represent proportionate reimbursement of expenditure on the schemes concerned as detailed fully in the foot-notes to Head 81.

HEAD 13 — WORLD REFUGEE YEAR GRANTS

Estimate 1961/62

$6,825,700

Revised estimate 1960/61

2,195,700

Approved estimate 1960/61

3,770,600

Actual revenue 1959/60

These receipts represent reimbursements of expenditure on the projects set out in Head 82.

623,633

LOANS FROM UNITED KINGDOM GOVERNMENT

Estimate 1961/62

Revised estimate 1960/61

Approved estimate 1960/61

Actual revenue 1959/60

The Airport development loan has now been fully issued.

4,224,000

4,224,000

2,728,749