THE CROSS HARBOUR TUNNEL
1.
COST OF THE TUNNEL
Contract Cost (25% of $230 million)
Interest on Promissory notes during construction
Government Roadworks
Consulting Engineers
(25% of $12.3 million add already paid
$ 3.075
7.700
$10,775)
Other Expenses
Further Contingencies
112/2
$ 57.5 million
13.0
11
6.0
IF
10.8
4.5
2.2
"
$ 94.0
11
2.
EQUITY CAPITAL OF CROSS-HARBOUR TUNNEL CO, LTD.
Equity Capital will be raised as follows:-
Wheelock Marden & Co. Ltd.
N. B.
Hutchison International Ltd.
Hongkong Government
Hongkong & Shanghai Banking Corpn.
Kwong Wan Ltd.
Sir Elly Kadoorie Successors
$ 21.6
21.6
20.5
11.
5.9
11
1.
JI
4
$ 82.0
Add:
Government Loan
12.0
"
TOTAL
$ 94.0
While the Hongkong Bank have agreed in the past to take 10% equity which was at that time equivalent to $11 million, as yet they have not been asked to invest the same amount on the reduced total capital. If they were to insist (as have the Hongkong Government) on a 10% share only, then a further $2.8 million would have to be found elsewhere.