28
APPENDIX IV-Contd.
THE HONG KONG HOUSING AUTHORITY
PROPERTY WORKING ACCOUNT FOR THE YEAR ENDED 31st March, 1959
1958 (North Point Estate only)
Estate Working Expenses-
North Point Sai Wan Chuen
Estate
Total
Estate
1958 (North Point Estate only)
North Point Sai Wan Chuen
Estate
Estate
Total
$ 72,000
Maintenance and
Repairs
$335,977
Rental Received—
Flats
+
$ 240,000.00 $ 7,327.00 $ 247,327.00
Shops ...
$2,540,282.00 $138,009.00 $2,678,291.00
138,970.00
67,960
Salaries and Wages
177,999.40 20,889.90
198,889.30
6,806
Crown Rent
27,511.00
616.00
28,127.00
19,387
Electricity
88,923.23
6,752.32
95,675.55
25,985
Insurance
82,245.83
3,731.91
85,977.74
Assembly Hall
330.00
Shop Tender Deposits
Forfeited
6,400.00
138,970.00
330.00
6,400.00
2,391
Sundry Expenses
6,944.03
3,285.21
10,229.24
Finance Charges-
274,925
Interest
1,141,249.53
22,075.73 1,163,325.26
111,398
Amortization of Loan
404,041.47
16,169.27 420,210.74
9,846
Share of Administration
Expenses
49,325.94
1,370.17
50,696.11
Depreciation-
854
Furniture and Fixtures
2,559.04
288.85
2,847.89
( 255,575)
Surplus for the year car-
ried down
465,182.53 55,502.64 520,685.17
$335,977
$2,685,982.00 $138,009.00 $2,823,991.00
$335,977
$2,685,982.00 $138,009.00 $2,823,991.00
( 255,575)
($255,575)
Balance at 31st March,
1958
...
$255,575.34
$255,575.34
($255,575)
Surplus for the year
brought down
•
$465,182.53 $55,502,64
$520,685.17
Balance, transferred to
General Revenue Reserve
209,607.19 55,502.64 265,109.83
$465,182.53 $55,502.64
$520,685.17 ($255,575)
$465,182.53 $55,502.64 $520,685.17