1970-71
1971-72
Percentage Variation
SM $M 1970-71 1971-72 +/- % Quarry Products 5.347 5.990 +12.03 Crown Lands Sales 6.475 5.749 -11.21 Crown Lands Fees 91.761 122.560 +33.56 Government Properties Water Account 6.144 8.082 +31.54 Buildings Ordinance (Balcony fees and Building Contractors' Registration fees, etc.) 1.690 2.785 +64.79 Sale of Sand 12.723 19.993 +57.14 Services Capital Works 14.530 0.539 -99.24 Services Maintenance Charges 8.738 0.066 -99.24 Works executed on Private Account 212.295 239.683 +12.90 Departmental services and supervision 3.797 5.645 +48.67 Other receipts 4.878 1.670 -65.76 11.876 21.588 +81.78 380.254 433.272 +13.942.34 The further increase in the revenue from land sales is an indication of the continued liveliness of the local property market while the growth of building activities is reflected in the figures for quarry products, Buildings Ordinance fees, sales of sand and works on private account. It will be noted that due to the implementation of the new Defence Costs Agreement revenue from 'Services Capital Works' and 'Services Maintenance Charges' has virtually ceased, the figures shown above for 1971-72 resulting from the adjustment of provisional figures in respect of transactions in 1970-71; the sharp drop in charges for departmental services is attributable to the same cause.
Deposit and Suspense Accounts
2.35 The volume of work of various types carried out by the Department for private organizations and individuals showed a further increase in 1971-72 which was reflected in the respective deposit accounts. Payment in these cases is required in advance, based on an estimate of the cost of the work to be done to which is added a percentage to cover the departmental overhead expenses. Amounts thus received are placed in deposit accounts until the work is completed and the final cost is known, when an adjustment is made taking the equivalent of the actual cost plus departmental expenses to revenue, any surplus held being re...
18
1970-71
1971-72
Percentage Variation
SM
$M
Quarry Products
Crown Lands Sales
Crown Lands Fees
Government Properties Water Account
...
Buildings Ordinance (Balcony fees and
Building Contractors' Registration fees, etc.)
Sale of Sand ..
Services Capital Works
Services Maintenance Charges
212.295
239.683
+12.90
5.347
5.990
+12.03
6.475
5.749
-11.21
91.761
122.560
+33.56
6.144
8.082
...
►
+31.54
1.690
2.785
...
+64.79
12.723
19.993
+57.14
14.530 (Dr.) .539
8.738
.066
-99.24
Works executed on Private Account Departmental services and supervision Other receipts
3.797
5.645
...
+48.67
4.878
1.670
-65.76
11.876
21.588
...
+81.78
380.254
433.272
2.34 The further increase in the revenue from land sales is an indication of the continued liveliness of the local property market while the growth of building activities is reflected in the figures for quarry products, Buildings Ordinance fees, sales of sand and works on private account. It will be noted that due to the implementation of the new Defence Costs Agreement revenue from 'Services Capital Works' and 'Services Maintenance Charges' has virtually ceased, the figures shown above for 1971-72 resulting from the adjustment of provisional figures in respect of transactions in 1970-71; the sharp drop in charges for departmental services is attributable to the same cause.
Deposit and Suspense Accounts
2.35 The volume of work of various types carried out by the Depart- ment for private organizations and individuals showed a further increase in 1971-72 which was reflected in the respective deposit accounts. Payment in these cases is required in advance, based on an estimate of the cost of the work to be done to which is added a percentage to cover the departmental overhead expenses. Amounts thus received are placed in deposit accounts until the work is completed and the final cost is known, when an adjustment is made taking the equivalent of the actual cost plus departmental expenses to revenue, any surplus held being re-
18
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