HEAD 7— WATER REVENUE
Estimate 1962-63
Revised estimate 1961-62
Approved estimate 1961-62
$24,710,000
24,710,000
23,710,000
20,476,163
Actual revenue 1960-61
The increase of revenue is mainly due to extended hours of supply made possible by the continu- ing satisfactory water level in the reservoirs during most of 1961-62.
Estimate 1962-63
Revised estimate 1961-62
Approved estimate 1961-62
HEAD 8 · POST OFFICE
$64,138,000
80,222,000
62,695,300
63,327,049
Actual revenue 1960-61 ...
The marked increase in revenue in the revised estimate for 1961-62 is mainly due to the increase
in number of packets sent by post to China during the year.
HEAD 9— KOWLOON-CANTON RAILWAY
Estimate 1962-63
$9,112,000
Revised estimate 1961-62
9,112,000
Approved estimate 1961-62
9,029,000
Actual revenue 1960-61
9,266,412
There is no appreciable variation in respect of this Head.
HEAD 10 — REVENUE FROM LANDS, INTEREST, RENTS, ETC.
Estimate 1962-63
$71,105,000
Revised estimate 1961-62
71,439,000
Approved estimate 1961-62
59,112,400
Actual revenue 1960-61 ....
61,808,246
The revised estimate for 1961-62 shows an appreciable increase of $12,326,600 over the approved estimate, but the estimate for 1962-63 is expected to be a little lower than the revised 1961-62 figure. The major changes are in the following subheads:-
Approved
Subhead
Estimate 1961-62
Revised Estimate 1961-62
Estimate 1962-63
Remarks
Interest
$25,186,000
$33,190,000
$30,000,000
Increase in interest rates and
renewals of leases.
Lands not leased (permits for
encroachment, etc.)..........
6,000,000
9,052,000
9,000,000
Leased lands..........
3,555,500
4,200,000
4,400,000
Resettlement rents
14,500,000
13,900,000
16,100,000
Revision of fees as a result
of the amendment of the Summary Offences Ordin-
ance.
More Crown land sales and more renewals of Crown Leases.
Further resettlement blocks
completed in 1962-63.
No comments yet.
Private notes are available after approval.