274
Appendix 13
(Chapter 3: Financial
Development
Statement of Assets and
Contd
Structure)
Loan Fund
Liabilities as at March 31, 1970
LIABILITIES
Development Loan Fund:
As at April 1, 1969
$628,104,654.74
Adjustment in respect of Fisheries Loans ...
21,908.00
$628,126,562.74
Add: (a) Per Statement of Receipts and
Payments:
Recurrent Receipts
(b) Loan stock received in lieu of
interest (Cross-Harbour Tunnel)
Less: Loss due to irrecoverable loans
Deposits-Hong Kong Government (iv)
1. Receipts:
Loan repayments
26,085,378.73
350,000.00
26,435,378.73
654,561,941.47
447,204.89 $654,114,736.58
ASSETS
Cash:
In Treasuries, Departments and Banks in Hong Kong Fixed Deposits
Kwun Tong Reclamation:
Outstanding premia (i)
Outstanding Loans and Capital Projects for:
Housing (ii)
+1.
996.56
$654,115,733.14
Educational
University Students
Medical
Fisheries
Export Credit Insurance (ii)
Cross-Harbour Tunnel (iii)
Miscellaneous purposes
275
:
:
$519,544,323.45 54,231,060.99
$ 3,382,160.33
10,000,000.00
9,250,071.70
3,052,420.00
3,459,784.70
3,446,618.60
10,000,000.00
14,062,500.00
23,686,793.37 631,483,501.11
Notes: (i) Does not include the value of 7 unsold Kwun Tong (ii) The Capital Projects comprise 6,000 shares of $100 Limited and $10,000,000 in the Hong Kong Export (iii) This figure is made up as follows:
(a) $11,320,000 10 per cent Convertible Unsecured (b) 2,742,500 Fully paid up Ordinary Shares.
$14,062,500
(iv) Being an amount received by the Fund but paid over to
Reclamation lots.
each fully paid in The Hong Kong Building and Loan Agency Credit Insurance Corporation.
Loan Stock.
Government after the close of these accounts.
Interest on Loans
Interest on Investments and Balances
Interest on Land sales premia
Land sales premia, Kwun Tong Reclamation
Kwun Tong Reclamation-Premia Adjustment
Deposits-Hong Kong Government
Amount previously written off
LESS
2.
Payments:
Loans and Capital Projects (Net)
3.
Surplus
Summary of Receipts and Payments for 1969-70
⠀
:
:
:
:
:
:
:
:.
:
T
:
$654,115,733.14
$16,645,691.94 24,309,754.15 698,988.67 788,952.91
4,670,425,35 287,683.00 996.56
16,148.10 $47,418,640.68
45,949,527.01
$1,469,113.67