A (2) 7
40. Revision of Loan Schedule.
The schedule to the Loan Ordinance was revised once during the year, on the 22nd June, 1939, the authorities for the revision being the same as those given in 2(a) and (b) above.
41. Expenditure on additional works to be charged to a proposed new loan. Resolutions approving the expenditure, during the year 1939, of money, to be obtained by means of advances from the Colony's surplus funds pending the raising of a new loan, were passed by the Legislature on the following occasions:-
(a) Estimates. ($1,630,927.18).
Approved by Legislature on 10th November, 1938 (1938 Hansard p. 177) Sanctioned by the Secretary of State vide his telegram No. 2 of 6th January, 1939, confirmed by Colonial Office Despatch No. 23 of 17th January, 1939.
(b) First Revision of Estimates. ($1,731,976.30).
Approved by the Legislature on 22nd June, 1939. (1939 Hansard p. 65). Sanctioned by the Secretary of State vide despatch 501 of 29th December, 1939.
(c) Second Revision of Estimates. ($1,733,576.30).
Approved by the Legislature on 16th November, 1939. (1939 Hansard p. 231) Sanctioned by the Secretary of State vide despatch No. 60 of 6th February, 1940.
3
42. The actual expenditure incurred on these works during 1939 was $1,228,929.24.
43. Revision of total estimated cost of works chargeable to New Loan.
The following revisions of the total estimated cost of the various items to be charged to a new loan were made during the year :-
(a) First Revision. ($4,312,500).
Approved by the Legislature on 22nd June, 1939. (1939 Hansard p. 65).
Sanctioned by the Secretary of State vide his despatch No. 501 of 29th December, 1939.
(b) Second Revision. ($4,436,500).
Approved by the Legislature on 16th November, 1939. (1939 Hansard p. 231).
Sanctioned by the Secretary of State vide despatch No. 60 of 6th February, 1940.
44. Waterworks Renewals and Improvements Fund.
The following are the authorities for expenditure charged to the Waterworks Renewals Fund during 1939:-
(a) Estimates. ($190,000).
Approved by Legislature on 10th November, 1938. (1938 Hansard p. 178).
Sanctioned by the Secretary of State vide telegram No. 2 of 6th January, 1939, confirmed by despatch No. 23 of 17th January, 1939.
(b) Supplementary Estimates. ($5,000-Pokfulam District Supply).
Approved by Legislature on 16th November, 1939. (1939 Hansard p. 232).
Sanctioned by the Secretary of State vide telegram No. 26 of 23rd January, 1940, despatch No. 60 of 6th February, 1940.
A (2) 7
40. Revision of Loan Schedule.
The schedule to the Loan Ordinance was revised once during the year, on the 22nd June, 1939, the authorities for the revision being the same as those given in 2(a) and (b) above.
41.
Expenditure on additional works to be charged to a proposed new loan. Resolutions approving the expenditure, during the year 1939, of money, to be obtained by means of advances from the Colony's surplus funds pending the raising of a new loan, were passed by the Legislature on the following occasions:-
(a) Estimates. ($1,630,927.18).
Approved by Legislature on 10th November, 1938 (1938 Hansard p. 177) Sanctioned by the Secretary of State vide his telegram No. 2 of 6th January, 1939, confirmed by Colonial Office Despatchi No. 23 of 17th January, 1939.
(b) First Revision of Estimates. ($1,731,976.30).
Approved by the Legislature on 22nd June, 1939. (1939 Hansard p. 65). Sanctioned by the Secretary of State vide despatch 501 of 29th December, 1939.
(c) Second Revision of Estimates.
($1,733,576.30).
Approved by the Legislature on 16th November, 1939. (1939 Hansard p. 231) Sanctioned by the Secretary of State vide despatch No. 60 of 6th February, 1940.
3
42. The actual expenditure incurred on these works during 1939 was $1,228,929.24.
43. Revision of total estimated cost of works chargeable to New Loan.
The following revisions of the total estimated cost of the various items to be charged to a new loan were made during the year :-
(a) First Revision. ($4,312,500).
Approved by the Legislature on 22nd June, 1939. (1939 Hansard p. 65).
Sanctioned by the Secretary of State vide his despatch No. 501 of 29th December, 1939.
(b) Second Revision.
($4,436,500).
Approved by the Legislature on 16th November, 1939. (1939 Hansard p. 231).
Sanctioned by the Secretary of State vide despatch No. 60 of 6th February, 1940.
44. Waterworks Renewals and Improvements Fund.
The following are the authorities for expenditure charged to the Waterworks Renewals Fund during 1939:-
(a) Estimates. ($190,000).
Approved by Legislature on 10th November, 1938. (1938 Hansard p. 178).
Sanctioned by the Secretary of State vide telegram No. 2 of 6th January, 1939, confirmed by despatch No. 23 of 17th January, 1939. (b) Supplementary Estimates. ($5,000-Pokfulam District Supply).
Approved by Legislature on 16th November, 1939. (1939 Hansard
p. 232).
Sanctioned by the Secretary of State vide telegram No. 26 of 23rd January, 1940, despatch No. 60 of 6th February, 1940.
No comments yet.
Private notes are available after approval.