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ACTUAL
STATEMENT 9
ASIAN DEVELOPMENT BANK LOANS
STATEMENT OF LOAN EXPENDITURE, REIMBURSEMENTS AND REPAYMENTS FOR THE YEAR ENDED 31ST MARCH, 1976
ents
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otal
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cing
Details
Estimate 1975/76
To 31.3.75
From 1.4.75 to 31.3.76
Total to 31.3.76
Y
Y
¥
Y
61,662,475.00
480,600,000
482,600,000
5,143,978,024.00
5,082,315,549.00
54,752,894,00
116,415,369.00
5,198,730,918.00
5,198,730,918.00
61,662,475.00
(a) Loan Expenditure and Reimbursements in Japanese Yen
(i) Balance outstanding brought forward
(ii) Add: Expenditure ranking for reimbursement from Asian Development Bank|
charged to advance account
(iii) Deduct: Reimbursement from Asian Development Bank
(iv) Balance outstanding pending reimbursement from Asian Development Bank
117
(b) Loan Expenditure and Reimbursements in Hong Kong Dollars
(i) Expenditure ranking for reimbursement from Asian Development Bank charged
to advance account
***
***
(ii) Deduct: Reimbursement from Asian Development Bank
9,700,000.00
9,700,000.00
9,700,000.00
9,700,000.00
Special Warrant No. 1 of 1975/76 HK$
HK$
HK$
HKS
CURRENCY
U.S. Dollar
Japanese Yen
Luxembourg Franc (Financial)
Austrian Schilling
Kuwaiti Canadian Dinar Dollar
Saudi Arabian Riyal
Dutch Florin
Hong Kong Deutsche
Dollar
Mark
9,700,000
(c) Loan Repayments
(i) Balance outstanding in various currencies as at 1.4.75
(ii) Add: Amount charged to the Loan Account in various currencies for reimburse-
ments made during 1975/76
(iii) Deduct: Repayments during the year in various currencies
(iv) Balance outstanding in various currencies as at 31.3.76 (see Statement 10)
. 2,727,716,46 2,831,783,447.00 83,152,492.00 41,849,780.28117,410.305 184,978.78
211,332.72
828,816.72
---
186,401.74 5,391,377.50
45,612,333.00 1,339,361.00 674,086.23 1,891.160 2,979.50 3,002.43 1,729.91
|2,110,232.46|2,786,171,114.00 81,813,131.00 41,175,694.05 115,519.145|| 181,999.28| 183,399.31 5,389,647.59|
Notes: (1) The Asian Development Bank Loan is for the construction of a sea water desalting works consisting of 6 Units having a total design output of 40 million gallons a day near
Castle Peak in the New Territories-(Hong Kong P.W.D. Contract No. 302 of 1972). The approved amount of the loan is US$21,500,000.
(2) The cost of goods financed out of the loan is payable in the respective currencies of the countries from which the goods are acquired. Loan withdrawals are made either
in these currencies or in convertible currencies as the Asian Development Bank may from time to time elect.
(3) Pending withdrawal from the Loan account with the Asian Development Bank expenditure is in the first instance charged to an advance account. Withdrawals are made
monthly in arrears.
(4) The authority for charging expenditure to an advance account pending reimbursement is in Section 5(2) of the Loans (Asian Development Bank) Ordinance Chapter 271.
Laws of Hong Kong. The maximum which may be advanced in any financial year in connection with the project is HK$100,000,000.
86,879,38 185,008.09
1,399.43 2,979.97
85,479.95 182,028.12