LOANS/PROJECTS
I. Housing Loans:
Appendix I
DEVELOPMENT LOAN FUND
FINANCIAL STATEMENT OF APPROVED LOANS AND PROJECTS
Actual Estimated Estimated
Funds Allocated
Original
Revised
to 31.3.59
Actual Estimated Estimated
Payments Payments Payments Capital Re-Capital Re-Capital Re-
payments payments payments 1959/60 1960/61
to 31.3.59 1959/60 1960/61
REMARKS
1. Housing Authority
2. Hong Kong Housing Society:
91,500,000 139,000,000 48,171,819 16,000,000 39,000,000
796,819 1,089,546
Revolving fund. Interest at 31% p.a. on the first $45 million outstanding and at 5% p.a. on the balance.
(a) Sheung Li Uk Scheme
2,136,851
2,136,851
(b) Hung Hom Scheme
(c) Healthy Village Scheme
(d) Sheung Li Uk Scheme Extension.
8,500,000 8,000,000 8,000,000
6,250,000 6,000,000
535,000
5,000,000 1,000,000
535,000
(e) Tsuen Wan Scheme
2,500,000
2,730,000
(f) Kwun Tong Scheme
5,600,000
(g) Tanner Hill Scheme †
5,250,000
2,500,000 230,000
2,500,000 2,750,000 350,000
1,000,000 1,000,000 3,000,000
4,429 4,650
3,449 21,204
170,721 31,248 32,342
39,424 95,998 99,358
23,654 71,792
4,883
23,944
Loans at 31% p.a. repayable over 40
years.
Loans at 5% p.a. repayable over 40
years.
(h) Kai Tak Scheme
1,800,000
1,000,000 800,000
11,500,000
2,000,000 3,000,000
(i) Shau Kei Wan Scheme-
II
8,000,000
(j) Aberdeen Scheme...
3. Local Government Officers
148
6,500,000
500,000 500,000
Interest-free loan for the construction of
1,000 flats for non-pensionable Govern- ment Officers. Repayable over 20 years.
Loan at 5% p.a. repayable over 40 years.
65,000,000 100,000,000 36,110,495 18,000,000 25,000,000 295,056 456,865 1,000,000 Housing loans to Co-operatives at 31%
10,000,000
200,000 300,000
2,500,000
1
p.a. repayable over 20 years.
20,000 Building loans to purchasers of Shek Wu Hui lots at 10% p.a. repayable over 14 years.
Loan at 5% p.a. repayable over 40 years.
4.
Shek Wu Hui Building Loans
630,000
5. Hong Kong Settlers Housing
Corporation Ltd.