Appendix I
LOANS/PROJECTS
I. Housing Loans:
DEVELOPMENT LOAN FUND
FINANCIAL STATEMENT OF APPROVED LOANS AND PROJECTS
Actual Estimated Estimated
Payments Payments Payments Capital Re-Capital Re-Capital Re-
1958/59 1959/60
Funds Allocated
Original
Revised
to 31.3.58
$
$
Actual Estimated Estimated
payments payments payments to 31.3.58 1958/59 1959/60
36,060,744 12,702,000 40,500,000
REMARKS
1. Housing Authority
(a) Sheung Li Uk Scheme
2. Hong Kong Housing Society:
(b) Hung Hom Scheme
(c) Healthy Village Scheme
(i) Shau Kei Wan Scheme {
91,500,000
2,136,851
2,136,851
8,500,000 8,000,000 6,250,000 1,750,000
140,529 30,192
3,000,000 2,600,000 650,000
535,000
39,424
4,429
2,500,000
3,175,000 2,425,000
Revolving fund. Interest at 31% p.a. on the first $45 millions outstanding and at 5% p.a. on the balance.
p.a. repayable over 40 years.
p.a. repayable over 40 years.
p.a. repayable over 40 years.
31,248 Loan at 31% p.a. repayable over 40 years. 95,998 Loan at 31% p.a. repayable over 40 years. Loan at 31% p.a. repayable over 40 years. 4,650 Loan at 5% Loan at 5% Loan at 5% Loan at 5% p.a. repayable over 40 years. Loan at 5% p.a. repayable over 40 years. Loan at 5% p.a. repayable over 40 years. Interest-free loan for the construction of 1,000 flats for non-pensionable Govern- ment Officers. Repayable over 20 years. Housing loans to Co-operatives at 31%
p.a. repayable over 20 years. 518,000 Interest-free loans for non-profit making schools repayable over 10 or 11 years.
6,250,000
(d) Sheung Li Uk Scheme Extension.
535,000
(e) Tsuen Wan Scheme
2,500,000
(f) Kwun Tong Scheme
5,600,000
(g) Shu Kuk Street Scheme
5,250,000
1,227,149
3,445,530
(h) Kai Tak Scheme
1,800,000
429,000 1,371,000
11,500,000
1,150,000
8,000,000
800,000
II. Educational Loans.
65,000,000 |100,000,000 |17,996,882 |23,000,000 |25,000,000
16,990,250 40,000,000 | 5,441,333 | 5,000,000 | 7,250,000
114,519
126,000
180,537
283,600
456,865
1.
The Hong Kong Anti-Tuberculosis
Association
2. The
3. Local Government Officers
III. Medical Loans:
Mother Superioress of the Daughters of Charity of the Canos- sian Institute..............
IV. Miscellaneous Loans :
1. Hong Kong Football Club
2. South China Athletic Association....
3.
Chinese Civil Servants' Association...
3,750,000
2,000,000
550,000
600,000
150,000
3,750,000
1,100,000 900,000
550,000 600,000
160,406 23,000 92,237 23,000
150,000
Kwun Tong Reclamation Stages I & II. 10,000,000 7,800,000 4,082,529 840,000 1,500,000 *2,967,726 *2,214,000
Interest-free loan for the building of Gran- tham Hospital repayable over 27 years.
Loan at 2% p.a. for the re-building of Ca- nossa Hospital repayable over 20 years.
23,000 23,000 ĺ
Loans at 4% p.a. for construction of
stadia.
Loan at 2% p.a. for construction of bath- ing pavilion repayable over 10 years.
*848,945 *Proceeds of land sales.
$ 242,612,101 297,921,851 80,403,339 54,473,149 84,991,530 3,601,417 2,798,182 2,001,706
145