CO129-539-12 Loans for public works- military finances 26-2-1932 - 7-3-1933 — Page 64

}

HONG KONG LEGISLATIVE COUNCIL.

203

THE COLONIAL TREASURER seconded and the Bill was read a third time and passed.

RESOLUTIONS.

THE COLONIAL SECRETARY.-The six resolutions dealing with expenditure from Loan Funds, standing in my name have been left to the last to allow opportunity for criticism during the Budget debate. No query has been raised, and I may assume that the explanations set out in the memoranda of the Colonial Treasurer and the Director of Public Works have satisfied the Council and that it is now only necessary to move the resolutions formally.

I move that this Council approves of the expenditure of $66,398 on the Shing Mun Valley Water Supply Scheme (First Section) during the financial year 1933 which sum shall be met from a future loan and shall meanwhile be charged as an advance from the surplus balances of the Colony.

THE COLONIAL TREASURER seconded, and the resolution was agreed to.

THE COLONIAL SECRETARY.-1 move that

that this Council approves of the expenditure of $263,000 on the Aberdeen Valley Water Scheme during the financial year 1933 which sum shall be met from a future loan and shall meanwhile be charged as an advance from the surplus balances of the Colony.

THE COLONIAL TREASURER seconded.

THE HON. SIR HENRY POLLOCK.-Is this mainly for catch- waters?

THE DIRECTOR OF PUBLIC WORKS.-It is in connection with catch-waters, and for the completion of the tower dam.

The resolution was agreed to.

THE COLONIAL SECRETARY.-I move that this Council approves the expenditure of $50,000 on the Shing Mun Valley Scheme (Second Section) Preliminary Works, of which $30,399.17 was expended in 1931, $9,600.83 in 1932, and the balance $10,000 is to be expended in 1933, which sum shall be met from a future loan and shall meanwhile be charged as an advance from the surplus balances of the Colony.

THE COLONIAL TREASURER seconded and the resolution was agreed to.

63