3
Mal
1906 Loan to Chinese Ordinances
£401,800
1/1893
'Provincial Govern-
ment for Railway
construction 11/1905
1,143,933
Total
1,545,733
£60,000 of the 1887 Loan was
repaid (? under Ordinance
1/1893)
leaving a balance of Sterling
Loan outstanding of
60,000
£1,485, 733
The Ordinances under which the above loans were
raised appear to have been superseded by the
General Loan and Inscribed Stock Ordinance
(No.7 of 1913).
The revenue raised for the service of
these loans was assessable for the purposes of
calculating military contribution.
The amount required (in 1933) for the
service of the 1906 Loan of £1,143,933, which was
raised for the purpose of financing the Kowloon
Railway was
Interest $775,911
Sinking Fund
$221,069
$996,980
Under an agreement reached in 1911 the net
receipts only of the Railway are assessable for
the purpose of calculating Military Contribution
In calculating the amount of the net receipts the
cost of the service of the 1906 loan is taken
into account on the expenditure side.
The
result
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