1938-09-01 — Page 24

Waterworks Plan Modified

Abandonment of the proposal to call for repayment from water revenue of past capital expenditure on waterworks is revealed in a sessional paper laid in Legislative Council this afternoon, Various modifications in other proposals contained

in the Memorandum by the Financial Secre tary of April last are outlined.

The new memorandum says that jexpenditure out of General Revenue, the proposals in the Financial it is proposed that the sum of 2%. Secretary's memorandum published of that capital, intended to be de- last April have been considered invoted to such repayment, should the light of the comments made on instead be used to build up a Re- them by the District Watch Com-newals Fund which will be avail- mittee, the Chinese Chamber of able to meet large renewals of cap- Commerce and other bodies and inital equipment and will thus in the Press. It has been decided to future save further borrowing or proceed with these proposals sub-expenditure from General Revenue ject to the modification set out Account. below.

3. Rates of Charge.-While re-

1. Military Contribution.—With |taining the general system of the present basis of contribution charge proposed, and in particular there is no alternative but to allow the 2% rate plus a charge for all in the Water Accounts for the water used, the adjustment of contribution in respect of the water Military. Contribution referred to revenue: but on reconsideration it) above makes possible a reduction in is felt that the Water Department the unit rates of charge to the ought not to be charged with Mili-following:-Peak District 45c., tary Contribution in respect of that Upper Levels District 35c., Con- part of the revenue which goes to struction and Shipping $1.00, All pay debt charges in the 1934. Loan other supplies of filtered water 25c., since such revenue is exempted Unfiltered water 20c. from contribution by Ordinance 11

Subject in all cases to a sur-

of 1934. The allowance for Mili-charge of 5% of the amount due if tary Contribution will therefore be not paid within 30 days. adjusted accordingly, involving a reduction of $202,160 in the 1937 figure.

RENEWALS FUND 2. Capital Charges.-In order to meet objections to the repayment from water revenue of past capital

4. Deposits.--Power to require deposits from consumers will be re- tained as at present; deposits by landlords in cases where the charge is on the tenant will normally be required only in cases where the (Continued at foot of Next Col)

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REVENUE ESTIMATES The Estimates of Revenue from Water for 1937 on proposed basis

of charge (as revised), is set out

as follows:-

12% Rate

Meter rents,

Charges for consumption.

4,929 million gallons @

60 157

"

""

"

"

184

"

Gross revenue

.$. 708,789 258,520

25c. 1,282,250

45c. 27.000

35c. 54,950

$1.00 184,000

$2,463,459

Less Military contribution 290,582

Net revenue

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