CO129-509-15 Water supply- development scheme 30-1-1928 - 17-1-1929 — Page 226

Enclosure No. 4.

Aberdeen Water Scheme.

The Expenditure for the Aberdeen Water Scheme is estimated

to be as follows:-

1928

$ 627,000.00

1929

1,000,000.00

1950

1,000,000.00

$2,627,000.00

No Loan Funds are available for these works pending the

raising of a new loan but it is proposed to finance the scheme

from Surplus Balances until such time as a further loan is

available.

The financial position is as follows:-

Estimated liquid balances available

at 31st December, 1928 (see enclosure No.3) - $3,000,000.-

Required for Aberdeen Scheme during 1928

(see above)

Leaving a Balance at 31.12.28

Required for authorized

Loan Works during 1929

(see enclosure No.2)

Balance on Loan Account

$836,299.00

1.1.29 (see enclosure No.1) 773,368.00

627,000.-

$2,373,000.-

Balance to be provided

from Surplus Balances

during 1929

62,931.00

Required for Aberdeen

Scheme during 1929 (see

above)

1,000,000.00

1,062,931.-

$1,310,069.-

Estimated liquid balance at the olst of

December, 1929, available for balancing the Budget for the year 1929.

Hote. The above statement excludes the amount shewn under

1930 (enclosure No.2) for Shing lun Valley Scheme, Harbour Pipe and Garden Reservoir, work in abeyance.