ECLOSURE NO.3.
36
The Colonial Treasurer
resolution standing in my name:
. I rise to move the
"That the Council authorises
the expenditure of a further sum of $10,597.93 in respect of
the year 1932 on works connected with the Shing Mun Valley
Water Supply Scheme (Second Section; Gorge Dan) to be met from
a future loan, and meanwhile to be charged as an advance from
the surplus balances of the Colony". With regard to this
resolution, I would explain that this Council by a resolution
dated 4th August, 1932, approved expenditure on these works to
the extent of $75,000. That sum was necessarily a rough
estimate as the Resident Engineer had not then arrived in
the Colony. The actual expenditure during 1932 exceeded
the sum authorised by $10,597.93 and the present resolution
will regularise it.
The Colonial Secretary seconded and the resolution
was agreed to.
The Colonial Treasurer
rise to move the
resolution standing in my name; "That the Council approves the further expenditure during 1932 of $27,041.62 on the Shing Mun Valley Scheme (Second Section: Preliminary Works) which
sum shall be met from a future loan, and shall meanwhile be
charged as an advance from the surplus balances of the
Colony." With regard to this resolution I would explain
that by a resolution dated 6th October, 1932, expenditure on
the preliminary works of the second section of the Shing Mun Valley Scheme was authorised to the extent of $50,000.spread
over three years in the following manner :
(1931
...
1932
1933
...
$30,399.17
$9,600.83
$10,000.00
Actually, the 1931 expenditure was originally
charged against the first section but a transfer was made in
1932