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68
CONFIDENTIAL
Grade loan, of which $3,340,022
way
outstanding of 31, 12. 29 is omitted
X
The Colony's commitments on account of Public
debt are as follows :
Inscribed Stock £1,485,733 sterling.
Interest 3%, Sinking Fund 1%.
The sinking fund is designed to amortise the
debt in 1943. The annual charges are:
in 1938.
Interest
Sinking Fund
£52,158. 0. 0
14,857. 6. 6
£67,015. 6. 8
@ls. Od = $1,340,306.
Public Works Dollar Loan $5,000,000.
Interest 6% Sinking Fund 6.66
The sinking fund is designed to amortise the debt
The annual charges are -
Interest
Sinking Fund
$300,000
$333,000
$633,000
The total Interest and Sinking Fund charges amount
to $1,973,306 annually as far as 1938 when they will be
reduced to $1,340,306 up to April 1943 after which date the Colony would be clear of debt.
2.
Loan Works in hand.
The total estimated cost of Loan Works at present
in hand is as under :-
Waterworks Development
Shing Mun Valley 1st Section
$4,631,815
Aerodrome and Harbour Development
62753
Harbour Development
Aerodrome
Additional Works
12849
Aberdeen Valley Water Scheme
Shing Mun Valley Scheme 2nd Section
Vehicular Ferry
474,854
2,679,250✓
2,722,000
5,370,000
1,300,000✓
17,177,919
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