CO129-514-1 Development of Kai Tak Aerodrome 6-12-1928 - 7-1-1930 — Page 19

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Extract from stoms and Report

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23-9.29.

KAI TAK AERODROME.

62753.2219

H.E. THE GOVERNOR.-I put it to the Council that the third motion be adopted:

(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), Head 2, Sub-head 2, of the draft Estimates of Expenditure of the year 1930.

(b) That this Council authorizes the sum of $1,080,288.74 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.

The motion was carried.

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