CO129-509-15 Water supply- development scheme 30-1-1928 - 17-1-1929 — Page 21

SOWIDEWIAL.

Sir,

52819

RECEIVED

2 0 JUL 1928 COL. OFFICE

1228

GOVERNMENT HOUSE,

HONGKONG,

13th June, 1928.

5

Enclo.No.1.

Enclo.No.2.

Enclo.Ho..

Enclo.No..

I have the honour to express my regret for

the delay which has occurred in replying to your

telegrams of 22nd March and 22nd May on the subject

of the financing of the proposed Aberdeen Water

scheme owing to the necessity for a close

examination of future estimated expenditure.

I now

submit the following observations on the financial

position of the Colony in amplification of my

tologram of 12th June, 1928,

2.

Tables are enclosed showing

1. The position of the 5,000,000 Loan

Account.

2. Estimated expenditure on the $5,000,000

Loan Account to 1930.

3. Estimates of Surplus Balances to 31st

December, 1928.

4. Proposed method of financing the

Aberdeen Water scheme.

It will be seen from Enclosure No.2 that the

estimated total cost of the authorized loan works

TI RIGHT HONOURABLE

LIEUTENANT COLONEL L.C.M.S. AERY, K.P.,

&c.,

üc.,

&c.

amounts