PART I-EXPLANATORY NOTES ON REVENUE ESTIMATES
Estimate 1969-70
Revised estimate 1968-69
Approved estimate 1968-69
Actual revenue 1967-68
GENERAL
$2,171,610,400
2,050,576,800
1,952,324,700
1,899,527,499
1,817,761,552
Actual revenue 1966-67
Comparative analyses of the approved and the revised estimates, 1968-69:—
Approved
Revised
estimate
estimate Difference
1968-69
1968-69
$M
$M
$M
Duties
333.3
334.0
+ 0.7
Rates
300.2
297.0
3.2
Internal Revenue (excluding capital duties)
604.8
653.1
+ 48.3
Licences and Franchises
89.3
91.9
+ 2.6
Fines, Forfeitures and Penalties
8.7
10.3
+
1.6
Fees of Court or Office (excluding capital
receipts)
125.0
124.0
1.0
Water Revenue
74.5
73.8
-
0.7
Post Office
102.0
113.5
+ 11.5
Kai Tak Airport and Air Services
37.3
42.2
+ 4.9
Kowloon-Canton Railway
16.1
14.2
-
1.9
Revenue from Lands, Interest, Rents, etc.
168.9
196.5
+ 27.6
Total Recurrent Revenue
1,860.1
1,950.5
+ 90.4
Internal Revenue (Estate and Excess
Stamp Duties)
23.5
27.0
+
3.5
Licences and Franchises (Taxi conces-
sions)
5.0
6.6
+
1.6
Fees of Court or Office (Repayment of
advances, loans)
7.6
7.6
Land Sales
40.5
51.4
+ 10.9
World Refugee Year Grants
0.1
0.1
Contributions Towards Projects
15.5
7.5
8.0
Colonial Development and Welfare Grant
Total Capital Revenue
92.2
100.1
+ 7.9
Total Revenue
1,952.3
2,050.6
+ 98.3
Comparative analyses of the revised estimate 1968-69 and the estimate 1969-70:—
Revised
Estimate
estimate
1969-70
Difference
1968-69
$M
$M
$M
Duties
334.0
345.5
+ 11.5
Rates
297.0
300.0
+ 3.0
Internal Revenue (excluding capital duties)
653.1
708.9
+ 55.8
Licences and Franchises
91.9
96.9
+
5.0
Fines, Forfeitures and Penalties
10.3
10.3
Fees of Court or Office (excluding capital
receipts)
124.0
138.5
+ 14.5
Water Revenue
73.8
79.4
+ 5.6
Post Office
113.5
122.5
+ 9.0
Kai Tak Airport and Air Services
42.2
47.8
+ 5.6
Kowloon-Canton Railway
14.2
16.9
+ 2.7
Revenue from Lands, Interest, Rents, etc.
196.5
206.0
+ 9.5
Total Recurrent Revenue
1,950.5
2,072.7
+ 122.2
295
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