16
Wednesday, August 16, 1972
SUPPLEMENTARY PROVISIONS AMOUNT TO $125.5 MILLION
The Financial Secretary, the Hon. C.P. Haddon-Cave, told
the Legislative Council this afternoon that supplementary provisions for tho last quarter of the 1971-72 financial year totalled $125.5 million.
Of this sum, he said, Public Works Non-Recurrent expenditure accounted for $69.9 million, made up largely of $19.3 million required as a result of faster progress on existing projects and $40.3 million
due generally to increased.costs.
He explained that an additional $16.7 million was needed for major tunnel works for the High Island Water Scheme and a further $15.5 million for the raising of Plover Cove Dams, the uprating and extension of the Sha Tin Treatment Works and Pumping Station and the Tai Po Tau Pumping
Station.
The Government Printer needed another $2.7 million as a result
of increased consumption, higher cost of paper and other printing requisites
and for work let out to contractors.
The Financial Secretary explained that the latter was unforeseen
and consisted mainly of educational television books for school children and
fixed traffic penalty forms.
Supplementary provision of $22.5.million was required for the
purchase of a block of flats and for faster progress on capital works for
the Services under the Services Building programme,
"In accordance with the terms of the Defence Costs. Agreement, the
Hong Kong Government is committed to meeting expenditure on this programme
up to
£17 million during 1971-72, and to paying a cash contribution to bring
expenditure up to this amount in the event of under-spending."
0
-
117