Estimates-1965 — Page 201

HEAD 12 — LAND SALES

$154,500,000

190,200,000

146,410,000

Actual revenue 1962-63

208,101,944

The marked increase in the revised estimate for 1963-64 is mainly contributed by the subheads "Premia on new leases-private treaty grants" increase of $5,500,000, "Premia on modification of existing leases, exchanges and extensions" increase of $19,600,000; "Premia on re-grants of expired 75 years or shorter leases" increase of $22,500,000. The revenue from "Premia on new lease-sales by public auction and tender" is less than expected due to larger number of payments by instalments instead of lump sum payments, This trend is expected to continue in 1964-65.

concerned.

Head 82.

Office.

HEAD 13 - COLONIAL DEVELOPMENT AND WELFARE GRANTS

Estimate 1964-65

Revised estimate 1963-64

Approved estimate 1963-64

$1,568,200

613,000

13,000

46,233

Actual revenue 1962-63

Receipts under this Head represent proportionate reimbursement of expenditure on the schemes

HEAD 14 - WORLD REFUGEE YEAR GRANTS

Estimate 1964-65

Revised estimate 1963-64

Approved estimate 1963-64

Actual revenue 1962-63

$3,513,000

2,239,000

3,449,000

55,113

These receipts represent reimbursements of expenditure on the projects set out in Expenditure

HEAD 15- CONTRIBUTIONS TOWARDS PROJECTS

Estimate 1964-65

Revised estimate 1963-64

Approved estimate 1963-64

Actual revenue 1962-63

$4,638,000

8,125,000

1,565,000

4,360,755

This is a new Head, the items in which were previously shown under Head 6, Fees of Court or