Head 26-PUBLIC DEBT
73
Approved Estimate 1951-52
Sub-heads
$
$
BA
Estimate 1952-53
$
SA
$
1 4% Conversion Loan 1933 (Public Works Loan Redemp-
tion Ordinance, 1933-$4,838,000)
Interest
193,520
Sinking fund
166,911
193.520 166,911
360,431
360,431
2 31% Dollar Loan 1934 (Hong Kong Dollar Loan
Ordinance, Cap. 73-$14,000,000)
Interest
166,600
140,000
Redemption (1/25th)
560,000
560,000
726,600
700,000
3 34% Dollar Loan 1940 (Hong Kong Dollar Loan
Ordinance, Cap. 73-$11,790,000)
Interest
124,000
116,000
Redemption (1/25th)
472,000
472,000
596,000
588,000
4 31% Rehabilitation Loan 1947/48 (Rehabilitation Loan
Ordinance, Cap. 76-$50,000,000)
Interest
Sinking fund
1,680,525 500,000
1,644,405 500,000
2,180,525
2,144,405
Total Expenditure
3,863,556
3,792,836
1. 4% Conversion Loan 1933.
EXPLANATORY NOTES.
The loan was raised in 1933 and is redeemable in 1953. Interest is payable annually on 1st February and 1st August. Contributions are made to a sinking fund at the rate of 3.45% per annum.
2. 34% Dollar Loan 1934. The loan was raised in 1934 and is redeemable by 25 annual drawings not later than 30th June. Redemption is made annually on 15th July. Interest is payable annually on 15th January and 15th July. The amount outstanding on 31st March, 1952 was $4,280,000.
3. 34% Dollar Loan 1940. The loan was raised in 1940 and is redeemable by 25 annual drawings not later than 30th June. Redemption is made annually on 15th July. Interest is payable annually on 15th January and 15th July. The amount outstanding on 31st March, 1952 was $6,602,000. No provision is made for interest on bonds held by the Hong Kong Government.
4.
31% Rehabilitation Loan 1947/48. The loan was raised in 1947/48 and is redeemable in 1973/1978. Interest is payable annually on 15th January and 15th July. Contributions are made to a sinking fund at a rate not less than 1% per annum.
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NOTE: All subheads are under the financial control of the Accountant General.