12
Revenue from Land Transactions
Revised
Actual 1982-83
Estimate
1983-84
Estimate 1984-85
Sales by auction and tender
4,120
1,615
2,630
Private treaty grants
559
488
1,030
4
Modification of existing leases,
314
178
540
exchanges and extensions
Regrants of expired 75 year
55
19
30
or shorter leases
Total Land Revenue
5,048
2,300
4,230
Transfer from general revenue to the Capital Works Reserve Fund
10,800
7,700
7,300
22.
Details of the Capital Works Programme
and the Capital Works Reserve Fund are published as
part of the annual Budget series of documents.
23.
Expenditure on public housing is funded
outside the Capital Works Reserve Fund. Under the
Development Loan Fund, the Housing Authority draws
loans to finance the development of public housing which
includes rental housing (loans for which are interest-
free), commercial facilities in Home Ownership
Scheme projects, and flatted factories (loans for
both of which bear interest at a rate approved by