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HEAD 7—- WATER REVENUE
Estimate 1966-67
Revised estimate 1965-66
Approved estimate 1965-66
Actual revenue 1964-65
$76,268,000
53,066,000
57,113,000
22,447,897
The revised estimate for 1965-66 shows a decrease of $4,047,000 against the approved estimate for that year as there was a delay in introducing the new charges and consumption has been less than an- ticipated. The increase of $19,155,000 in the estimate for 1966-67 over the approved 1965-66 estimate takes account of an expected increased consumption and the collection for a full year of the higher basic water charge of $2.00 per 1,000 gallons.
HEAD 8-POST OFFICE
Estimate 1966-67
Revised estimate 1965-66
Approved estimate 1965-66
Actual revenue 1964-65
$88,139,000
85,155,000
75,083,000
78,948,431
The 1966-67 estimate is $13,056,000 higher than the approved estimate for 1965-66 and $2,984,000 more than the revised figure. The rise is mainly attributable to increased postings by cash pre- payment and in the number of licensed franking machines, and to higher sales of stamps including philatelic sales of commemorative issues.
HEAD 9— KAI TAK AIRPORT AND AIR SERVICES
Estimate 1966-67
Revised estimate 1965-66 Approved estimate 1965-66
Actual revenue 1964-65
$23,434,000
22,199,000
20,034,000
21,254,138
The increases of $2,165,000 in the revised estimate for 1965-66 and $3,400,000 in the estimate for 1966-67, over the approved 1965-66 estimate are mainly from subheads "Airport rents" and "Aircraft landing fees" and are due to gradual increase in air traffic and higher rentals offered by concessionaires.
HEAD 10- KOWLOON-CANTON RAILWAY
Estimate 1966-67
Revised estimate 1965-66 Approved estimate 1965-66
Actual revenue 1964-65
$12,661,000
12,712,000
11,919,000
12,616,043
There is a slight increase in the revised estimate over the approved estimate for 1965-66 as a result of increases in Goods and Passengers Services. No substantial change in traffic is expected during 1966-67.
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HEAD 11.
Estimate 1966-67
· REVENUE FROM LANDS, INTEREST, RENTS, ETC.
$154,383,000
Revised estimate 1965-66
156,912,000
Approved estimate 1965-66
130,735,000
126,502,483
Actual revenue 1964-65
The revised estimate for 1965-66 and the estimate for 1966-67 both show increases over the approved estimate for 1965-66. The following subheads are mainly responsible for these increases:
Subhead
Approved Estimate 1965-66
Revised Estimate
Estimate
1965-66
1966-67
Interest
$59,885,000
$74,094,000
$64,353,000
Leased lands
8,870,000
9,502,000
9,910,000
Buildings and furniture
6,500,000
11,650,000
8,375,000
Resettlement rents
34,400,000
34,400,000
45,000,000
Advances on resettlement
accommodation
1,000
6,000,000
4,000,000
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Private notes are available after approval.