over to then.
392
There will be a large eventual profit to Government from the scheme when completed. It also should therefore be financed by Treasury bills to be redeemed when the receipts come in from the completed scheme.
(8). A Reclamation work at Tai Kok Tsui. About another This is $300,000 will be required to complete the scheme.
a very profitable undertaking as the land sells at a good It price as soon as it is prepared and sometimes before. can therefore be financed from revenue.
(9). Shamshuipo Reclamation. About $100,000 more is needed to complete the present section of the work, and it will be possible to continue and extend the reclamation for some years to come at a rate of expenditure of about
$150,000 a year.
The remarks made in regard to item (8)
apply here equally.
(11). Water Boat Dock, Laichikok. This should be
finished in 1925.
(12). Kowloon Bay East Reclamation. This is necessary to provide for the junk and boat builders displaced from various foreshores elsewhere by reclamations and other
developments.
$300,000.
The Estimate is too smell and should be about
A handsome revenue will accrue from the leasing of sites on the reclamation and this will be a profitable investment. It might therefore be regarded as a loan-work if necessary though in view of the comparatively small emount involved I should hope that it might be financed from revenue without difficulty.
There is also under consideration a project for
a reclamation in Kowloon Bay West to provide areas for
timber storage.
Exact details are not to hand at present
and