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APPENDIX IV
THE HONG KONG HOUSING AUTHORITY
BALANCE SHEET AS AT 31ST MARCH, 1958
$23,236,517
125,342
1957
HONG KONG GOVERNMENT LOANS
31% Loans
Authorized
Java Road Scheme
Cadogan Street
Scheme...
$33,000,000 $31,794,127.23
Utilized
7,500,000 2,986,487.37
249,422
Administation
1,000,000
388,227.60
211,975
5% Loans
Šo Uk Scheme
50,000.000
458,573.15
Clear Water Bay
Road Scheme
10,075.00 $35,637,490.35
$23,823,256
PROVISIONS
Amortization of Loan Repairs and Maintenance
Java Road Estate-
Amount provided during
$111,398.15
period ended 31st
March, 1958
$72,000.00
Less: Expenditure
during the period 3,558.00
68,442.00
179,840.15
CURRENT LIABILITIES
25,098 1,287,759
Amount Payable to Hong Kong
Government on adjustment
of loan allocations
(Paid 25th September, 1958) Sundry Creditors and Accrued
Charges...
Retention Money on Contracts Tenants' Deposits
$25,136,113
433,328.26
37,852.86
1,252,960.17
251,100.00 1,975,241.29
1957
$24,934,303 FIXED ASSETS-as per Schedule I
CURRENT ASSETS
Unallocated Administrative
Expenses
201,810
Prepaid Insurance Premia
T
Cash at Bank and in Hand
JAVA ROAD ESTATE WORKING ACCOUNT
Debit Balance ...
Notes.
$37,792,571.79
$25,136,113
$36,545,785.72
$376,203.65
50,581.07 564,426.01
991,210.73
255,575.34
1. Commitments in respect of expenditure outstanding
at 31st March, 1958 not provided for in the above Balance Sheet were estimated to be:
Java Road Estate
Cadogan Street Estate
So Uk Estate
769,528
4,292,459
6,223,469
$11,285,456
2. Conditions relative to the Hong Kong Govern- ment Loans have not yet been finally approved.
3. The Land Office have not yet issued Crown Leases of the various lands in accordance with the provisions of the Conditions of Grants.
C. G. M. MORRISON, Chairman, Housing Authority.
REPORT OF THE AUDITORS TO THE MEMBERS OF THE HONG KONG HOUSING AUTHORITY
We have examined the above Balance Sheet with the books and records of the Authority and have obtained all the information and explanations we have required.
In our opinion, the Balance Sheet is properly drawn up so as to give a true and correct view of the state of the Authority's affairs at 31st March, 1958, according to the best of our information and the explanations given to us and as shown by the books of the Aut .ority.
Hong Kong, 30th September, 1958.
PEAT, MARWICK, MITCHELL & Co., Chartered Accountants, Auditors.
$37,792,571.79