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Legislative Council on 2nd May, and work on
the Sheng-man scheme began in 1923.
(7) Proposed method of financing capital
expenditure contemplated.
Sheng-mun scheme has hitherto been
financed by local loan at 6%. Future works are to be paid for from Current Revenue or
surplus Balances pending re-imbursement
from further loan.
(8) The advantage to be derived and the
additional yearly net revenue estimated ta
be earned.
For advantages see (1) above. No
estimate of revenue to be earned is available.
(9) Have detailed estimates, based where
necessary 01 technical advice
Yes.
been prepared?
(10) In what form is assistance under the Act
desired?
The Governor asks for a loan of £49,560 (representing value of orders placed in the United Kingdom) on the easiest possible
terms. He does not offer his own suggestions
as to the terms of repayment.
These schemes are only the first part of
developments on an extensive scale which are regarded
as essential if the urgent and increasing water
requirements of Hong Kong are to be met.
I