275
Licences Franchises
Total
Estimate 1968-69
HEAD 4 · LICENCES AND FRANCHISES
Revised estimate 1967-68
$ 94,300,100 104,460,100
Approved estimate 1967-68 Actual revenue 1966-67
83,245,000
94,318,149
Subhead
Approved Estimate 1967-68
Revised Estimate
Estimate
1967-68
1968-69
$ 44,978,600
$48,125,100
59,481,500
$104,460,100
46,175,000
$94,300,100
$44,148,000 39,097,000
$83,245,000
The revised estimate for 1967-68 exceeds the original estimate by $21,215,100, mainly as the result of an unbudgetted for collection of $254 million from Taxi Concessions. A decrease of $5 million in royalty collections was due to a temporary reduction in bus services.
It is anticipated that with the return to normal of transport services and including taxi conces- sions the estimate for 1968-69 will be $11,055,100 higher than the approved estimate for 1967-68.
HEAD 5- FINES, FORFEITURES AND PENALTIES
Estimate 1968-69
Revised estimate 1967-68
Approved estimate 1967-68
Actual revenue 1966-67
$ 8,680,000 10,009,600
9,000,000 9,010,028
The revised estimate for 1967-68 and the estimate for 1968-69 include $2.2 million and $0.4 million respectively being forfeitures from the suppliers of a faulty pumping plant. Fines imposed in Magis- tracies, District Courts and the Supreme Court will be less than the approved estimate and lower revenue from this source is also anticipated for 1968-69.
Estimate 1968-69
Revised estimate 1967-68
HEAD 6 — FEES OF COURT OR OFFICE
$132,623,300
120,409,900
128,220,000
122,279,620
Approved estimate 1967-68
Actual revenue 1966-67
The revised estimate for 1967-68 is expected to be $7,810,100 below the approved estimate; but $4,403,300 more than the 1967-68 approved figure is expected for 1968-69. Subhead estimates are:-
Subhead
Fees
Receipts
Reimbursements
Sales
Total
Approved Estimate
1967-68
$ 46,802,000
30,353,000
27,382,000
23,683,000
$128,220,000
Revised Estimate
1967-68
Estimate 1968-69
$ 45,255,100 28,996,200
$ 46,631,500
35,222,700
30,068,500
33,496,600
16,090,100
17,272,500
$120,409,900
$132,623,300
The revised estimate for 1967-68 includes 2 new items Toll collections at Lion Rock Tunnel and Wayleave fees levied by the Public Works Department. Considerable back-dated fees have been collected this year under the latter item.
Two new items are included in the 1968-69 estimate, Services capital works and Services main- tenance charges to cover reimbursable expenditure incurred by the Public Works Department. Three items that appear in the 1967-68 estimate have been deleted from the 1968-69 estimate-Inoculation fees of dogs and Firework permit fees on the enactment of amendments to the Ordinances, and Factory inspection and supervision fees as a result of the revision of certification procedures.
Increased revenue is expected in both 1967-68 and 1968-69 under Import and Export Declara- tion Fees due to the continued expansion of the Colony's trade.
Higher charges will be made for the slaughter of animals when the new abattoirs are brought into operation in 1968-69, and revenue under Slaughter houses receipts has been increased to allow for this.
Revenue from Building Ordinance fees, Deed registration fees, companies registration fees and sale of sand is expected to be lower than the approved estimate and 1968-69 revenue is not expected to show much improvement whilst the lower levels of activity in the building industry continue.
No comments yet.
Private notes are available after approval.