auction, and is amortized over twenty-one years with compound interest at 5% per annum. Here again, rates are included in the rent payable by tenants. In the older factories, rentals per unit of 198 square feet vary from $75 a month on the ground floor to $45 on the top floor, and in the newest factories from $140 to $65 for a unit of 256 square feet.
139. A schedule of the gross rentals charged for all types of resettle- ment accommodation is at Appendix 4.
140. Capital expenditure on estates and factories incurred by the Public Works Department amounted to $103,767,296 during the year, bringing to $646,704,633 the total spent under this head in the thirteen years of the Resettlement Department's existence. The department's annual recurrent expenditure has grown from $1,907,431 in 1954-55 to $30,708,833 this year, plus $1,838,387 spent on maintenance and im- provements to estates, cottage and licensed areas. Gross rents from estates and factories amounted to $54,928,182 ($42,922,428 nett after transfer of water and rates elements) during the year, and $25,027 or about 0.045% were written off as irrecoverable arrears. This proportion is rather higher than in previous years, partly because the department has been writing off bad debts earlier than in the past. Other main sources of revenue were payments amounting to $1,977,947 under the rent advance scheme, $305,310 and $880,892 from cottage area rents and permit fees respectively, and $21,135 collected in fees for sites in licensed areas between December 1966 and the end of the financial year.
CHAPTER 10
ORGANIZATION AND STAFF OF THE RESETTLEMENT DEPARTMENT AND MISCELLANEOUS
DEPARTMENTAL ORGANIZATION AND GRADES
141. The department had an overall establishment of 4,727 officers as at 31st March, 1967, and is divided into four divisions, the duties of which are broadly as follows:
(a) Estates and Areas, headed by an Assistant Commissioner assisted by an Administrative Officer and a Senior Resettlement Officer, is responsible for the management and administration of the domestic estates and factories and cottage resettlement areas;
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