1976-1977 — Page 27

Public Works Department Annual Report 工務司署年報 All AI Reviewed
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1975-76

$M

1976-77

$M

Revenue Crown Land sales 223.859 419.917 Crown Land fees 13.850 9.109 Government properties 9.678 8.584 Departmental services and supervision 14.346 21.784 Other revenue 21.143 25.402 Receipts appropriated-in-aid Buildings Ordinance Office fees 0.831 0.354 Quarry products 14.098 16.565 Sale of sand 26.629 32.427 Chargeable water 183.770 218.304 Works executed on private account 11.214 11.198 Other receipts 4.439 5.431 523.857 769.075

2.31

During the year under review, there was a significant increase in revenue from land sales, mainly due to a rise of activity in the land market together with a rise in land prices. In addition, property owners desired to modify lease conditions for redevelopment and some regrant premia were paid by lump sums in order that properties could be rapidly assigned for redevelopment. The decrease under "Crown Land fees" was due to the payment of premium not being settled subject to adjustment. The increase under "Departmental services and supervision" was due to additional payments by the Urban Council for services carried out by the Department. Due to an increase in activity in the building industry, receipts on quarry products and sand were also higher. There was a considerable increase in receipts from 'Chargeable Water', due mainly to a 6% increase in demand coupled with the effects of the tiered pricing system for domestic consumers introduced in 1975-76.

Deposits

2.32

The volume of work of various types carried out by the Department for private organisations and individuals showed a further increase in 1976-77 as 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 departmental overhead expenses. The payments by the depositors are placed on deposit accounts until 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 and receipts appropriated-in-aid, any surplus held being refunded to the depositors. At the beginning of the year the balance held on deposit, i.e. in respect of works not completed, was $14,828,380

17

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1975-76 $M 1976-77 $M Revenue Crown Land sales 223.859 419.917 Crown Land fees 13.850 9.109 Government properties 9.678 8.584 Departmental services and supervision 14.346 21.784 Other revenue 21.143 25.402 Receipts appropriated-in-aid Buildings Ordinance Office fees 0.831 0.354 Quarry products 14.098 16.565 Sale of sand 26.629 32.427 Chargeable water 183.770 218.304 Works executed on private account 11.214 11.198 Other receipts 4.439 5.431 523.857 769.075 2.31 During the year under review, there was a significant increase in revenue from land sales, mainly due to a rise of activity in the land market together with a rise in land prices. In addition, property owners desired to modify lease conditions for redevelopment and some regrant premia were paid by lump sums in order that properties could be rapidly assigned for redevelopment. The decrease under "Crown Land fees" was due to the payment of premium not being settled subject to adjustment. The increase under "Departmental services and supervision" was due to additional payments by the Urban Council for services carried out by the Department. Due to an increase in activity in the building industry, receipts on quarry products and sand were also higher. There was a considerable increase in receipts from 'Chargeable Water', due mainly to a 6% increase in demand coupled with the effects of the tiered pricing system for domestic consumers introduced in 1975-76. Deposits 2.32 The volume of work of various types carried out by the Department for private organisations and individuals showed a further increase in 1976-77 as 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 departmental overhead expenses. The payments by the depositors are placed on deposit accounts until 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 and receipts appropriated-in-aid, any surplus held being refunded to the depositors. At the beginning of the year the balance held on deposit, i.e. in respect of works not completed, was $14,828,380 17
Baseline (Original)
1975-76 $M 1976-77 $M Revenue Crown Land sales 223.859 419.917 Crown Land fees 13.850 9.109 Government properties 9.678 8.584 Departmental services and supervision 14.346 21.784 Other revenue 21.143 25.402 Receipts appropriated-in-aid Buildings Ordinance Office fees 0.831 0.354 Quarry products 14.098 16.565 Sale of sand 26.629 32.427 Chargeable water 183.770 218.304 Works executed on private account 11.214 11.198 Other receipts 4.439 5.431 523.857 769.075 2.31 During the year under review, there was a significant increase in revenue from land sales, mainly due to a rise of activity in the land market together with a rise in land prices. In addition, property owners desired to modify lease conditions for redevelopment and some regrant premia were paid by lump sums in order that properties could be rapidly assigned for redevelopment. The decrease under "Crown Land fees" was due to the payment of premium not being settled subject to adjustment. The increase under "Departmental services and supervision" was due to additional payments by the Urban Council for services carried out by the Department. Due to an increase in activity in the building industry, receipts on quarry products and sand were also higher. There was a considerable increase in receipts from 'Chargeable Water', due mainly to a 6% increase in demand coupled with the effects of the tiered pricing system for domestic consumers introduced in 1975-76. Deposits 2.32 The volume of work of various types carried out by the Department for private organisations and individuals showed a further increase in 1976-77 as 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 departmental overhead expenses. The payments by the depositors are placed on deposit accounts until 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 and receipts appropriated-in-aid, any surplus held being refunded to the depositors. At the beginning of the year the balance held on deposit, i.e. in respect of works not completed, was $14,828,380 17
2026-05-12 08:25:45 · Baseline
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1975-76

$M

1976-77

$M

Revenue

Crown Land sales

223.859

419.917

Crown Land fees

13.850

9.109

Government properties

9.678

8.584

Departmental services and supervision

14.346

21.784

Other revenue

21.143

25.402

Receipts appropriated-in-aid

Buildings Ordinance Office fees

0.831

0.354

Quarry products

14.098

16.565

Sale of sand

26.629

32.427

Chargeable water

183.770

218.304

Works executed on private account

11.214

11.198

Other receipts

4.439

5.431

523.857

769.075

2.31

During the year under review, there was a significant increase in revenue from land sales, mainly due to a rise of activity in the land market together with a rise in land prices. In addition, property owners desired to modify lease conditions for redevelopment and some regrant premia were paid by lump sums in order that properties could be rapidly assigned for redevelopment. The decrease under "Crown Land fees" was due to the payment of premium not being settled subject to adjustment. The increase under "Departmental services and supervision" was due to additional payments by the Urban Council for services carried out by the Department. Due to an increase in activity in the building industry, receipts on quarry products and sand were also higher. There was a considerable increase in receipts from 'Chargeable Water', due mainly to a 6% increase in demand coupled with the effects of the tiered pricing system for domestic consumers introduced in 1975-76.

Deposits

2.32

The volume of work of various types carried out by the Department for private organisations and individuals showed a further increase in 1976-77 as 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 departmental overhead expenses. The payments by the depositors are placed on deposit accounts until 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 and receipts appropriated-in-aid, any surplus held being refunded to the depositors. At the beginning of the year the balance held on deposit, i.e. in respect of works not completed, was $14,828,380

17

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