282
283
Contd
Structure)
Appendix 18 (Chapter 3: Financial
Development Loan Fund
Statement of Assets
LIABILITIES
Development Loan Fund:
As at April 1, 1970
Add: (a) Recurrent Receipts from April 1, 1970 to March
31, 1971
(b) Kwun Tong Reclamation Land Sales, 1970-1 (c) Loan stock received in lieu of interest (Cross-Harbour
Tunnel)...
Less: Loss due to irrecoverable loans
and
Liabilities as at March 31, 1971
Cash:
ASSETS
In Treasuries, Departments and Banks in Hong Kong
$654,114,736.5 Fixed Deposits
$26,578,023.31 225,000.00
1,245,000.00
28,048,023.31
550.00
28,047,473.3;
$682,162,209.8.
Investments:
Local
Kwun Tong Reclamation: Outstanding premia (1)
Outstanding Loans and Capital Projects for:
Housing (2)
Educational
University Students
Fisheries
Medical
Export Credit Insurance (2)
Cross-Harbour Tunnel (3) Miscellaneous purposes
$517,790,962.11 57,102,158.35 6,223,159.50
3,359,444,39
2,868,371,00
$ 3,539,899.88 33,000,000.00
2,132,500.00
6,687,582.21
10,000,000.00
17,212,500.00
22,245,632.45 636,802,227.80
$682,162,209.89
"
Notes:
1) Does not include the value of 6 unsold Kwun Ton. (2) The Capital Projects comprise 13,500 shares of $10 Limited and $10,000,000 in the Hong Kong Expo (3) This figure is made up as follows:
Reclamation lots.
each fully paid in the Hong Kong Building and Loan Agency Credit Insurance Corporation.
(a) $13,770,000 10 per cent Convertible Unsecured Loan Stock. (b) 3,442,500 Fully paid up Ordinary Shares.
$17,212,500
Statement of Receipts and Payments for the year ended March 31, 1971
DETAILS
RECEIPTS
Recurrent:
Interest on Loans
Interest on Investments and balances
Interest on Land sales premia
Kwun Tong Reclamation-Premia Adjustment
Carried to Statement of Assets and Liabilities...
Non-Recurrent:
Loan repayments
Land sales premia, Kwun Tong Reclamation
Non-Recurrent:
Loans
Deposits-Hong Kong Government
Total Receipts
PAYMENTS
Total Payments
:
:
::
:
:
Approved Estimate
$
Actual Receipts/ Payments $
25,810,000
24,801,079.76
281,000 539,000
912,325.40
476,090.15
388,528.00
26,630,000
26,578,023.31
17,046,000 1,169,000
18,215,000
44,845,000
16,889,725.47
2,787,489.49
19,677,214.96
46,255,238.27
38,443,000
22,559,002.16 996.56
38,443,000
22,559,998.72