CO129-511-26 Annual Abstract Account- 1927 7-1-1929 - 7-1-1929 — Page 12

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To resume debate on the motion moved by the Colonial Secretary on 5th September,

1929:-

(a) That this Council approves the construction of the works connected with the Shing Mun Valley Water Supply Scheme as set out in Appendix VI (a), Head 1, Sub-Head 1, of the draft estimates of expenditure for 1930 at an estimated cost of $4,158,509.40.

(b) That this Council approves of a sum of $3,500,000 out of the said sum of $4,158,509.40 being charged to the Public Works (1927) Loan, and further sanctions the expenditure of $2,221,876.42 actually incurred up to the 31st December, 1928, the expenditure of $1,182,274.19 estimated to be incurred during the financial year 1929 and the expen- diture of $95,849.39 estimated to be incurred during the financial year 1930, which three last mentioned sums amount in all to the aforesaid sum of $3,500,000.

(c) That this Council approves the expenditure of a further sum of $579,150.61 on the said Shing Mun Valley Water Supply Scheme during the financial year 1930, which sum shall be met from a further loan and shall meanwhile be charged as an advance from the surplus balances of the Colony.

To resume debate on the motion moved by the Colonial Secretary on 5th September,

1929-

That this Council approves the expenditure of a sum of $419,771.26 on Harbour Development as set out in Appendix VI (a), Head 2, Sub-head 1, of the draft Estimates of Expenditure for the year 1930 and authorizes this sum to be charged to the Public Works (1927) Loan, and further sanctions the expenditure out of this sum of the sum of $403,729.68 actually incurred to the 31st December, 1928, and of the sum of $16,041.58 estimated to be incurred in the financial year 1929.

To resume debate on the motion moved by the Colonial Secretary on 5th September,

1929:

(a) That this Council approves the construction of the Kai Tak Aerodrome at an estimated total cost of $1,689,467, exclusive of contributions from His Majesty's Government, as set out in Appendix VI (a), IIead 2, Sub- head 2, of the draft Estimates of Expenditure of the year 1930.

(b) That this Council authorizes the sum of $1,080,228.74 out of the said sum of $1,689,467 to be charged to the Public Works (1927) Loan and sanctions the expenditure of this sum of $1,080,228.74 from loan funds during the financial year 1928.

(c) That this Council authorizes in respect of this work an advance from the surplus balances of the Colony of the sum of $78,114.17 in the financial year 1928, of the sum of $466,000.00 in the financial year 1929, and of the sum of $249,500.00 in the financial year 1930 of which sums $297,000.00 is due to be recovered from His Majesty's Government and the balance shall be met from a future loan.

To resume debate on the motion moved by the Colonial Secretary on 5th September,

1929 :-

That with reference to the resolution passed on the 2nd May, 1929, this Council approves the expenditure of a sum of $1,000,000 during the financial year 1930 on the Aberdeen Water Scheme, the cost to be met from a future loan, and meanwhile to be charged as an advance from the surplus balances of the Colony.

E. I. WYNNE-JONES,

Deputy Clerk of Councils.

66-16.9.29.