268
Development Loan Fund:
As at April 1, 1968
Appendix
(Chapter 3: Financial
Development
Statement of Assets and
XIII- Contd
Structure)
Loan Fund
Liabilities as at March 31, 1969
LIABILITIES
Add: Kwun Tong Reclamation Land Sales, 1968-9
Per Statement of Receipts and Payments:
Recurrent Receipts
...
Less: Loss due to irrecoverable loans (iv)
"
Cash:
ASSETS
:
$602,474,840.07
1,100,081.38
24,975,175.29
628,550,096.74
445,442.00 $628,104,654.74
In Treasuries and Banks in Hong Kong With Hong Kong Government (iii)
Fixed Deposits
Investments:
Local
Kwun Tong Reclamation:
Outstanding premia (i)
Outstanding Loans and Capital Projects (ii) for:
Housing (ii)
Educational
Medical
Fisheries (iv)
Export Credit Insurance (ii)
Miscellaneous purposes
$ 1,301,866.42
:
:.
269
542,510.24 $ 1,844,376.66
10,000,000.00
:.
507,260,971.34
53,240,101.11
68,670.00
13,920,497.05
3,697,047.55
3,000,523.00
10,000,000.00
25,072,468.03 602,271,111.03
Notes:
$628,104,654.74
(i) Does not include the value of seven unsold Kwun Tong (ii) The Capital Projects comprise 6,000 shares (each of Building and Loan Agency Limited and $10,000,000 in (iii) Being an amount received by Government but paid over (iv) The Fisheries Loans are understated by $7,133 being the relevant adjustments are in the 1969-70 accounts.
Summary of Receipts and
Reclamation lots.
$100 of which $50 per share has been paid up) in The Hong Kong the Hong Kong Export Credit Insurance Corporation.
to the Fund after the close of these accounts.
recovery of an amount included in the $445,442.00 written off. The
Payments for 1968-9
1. Receipts:
Loan repayments
Interest on Loans
Interest on Investments and Balances
Interest on Land sales premia
Land sales premia, Kwun Tong Reclamation
LESS
2. Payments:
Loans and Capital Projects (Net)
3. Surplus
:
:
:
:
:
:
:
:
:
:
:
:
:
:
:
$628,104,654.74
$15,278,233.32
23,401,388.47 643,821.60 929,965.22 2,711,371.66
$42,964,780.27
:
38,999,940.29
$ 3,964,839,98