L 4 A
LÓWE, BINGHAM & MATTHEWS. HONG KONG
3
Water for March, estimated at
Overtime Allowance Account
b/f
$17,118.46
150.00
Allowances
due to Market and Depots' Staff for overtime work during March, 1949
Tsun Wan Sundry Expenses Due to China
Light and Power Co., Ltd. for electricity supplied during March, 1949
Rent Account
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Provision for rent of new market site, exact amount not yet ascer- tained, estimated at $3,000.00 per month
1,574.15
24.22
24,000.00
$42,866.83
19
Vegetable Owners' Account $6,857.15
Amount due to Vegetable Owners for proceeds of sales
during March, 1949, not yet paid over.
Unclaimed Proceeds of Sales - Market $14,076.09
This represents monies accumulated from sales of
vegetables confiscated and sold, or in minor cases,
amounts not claimed by sellers.
2.
Pending a final
decision on the disposal of the amount representing
confiscations, on your authority $10,000.00 has been
transferred to Surplus and the balance of $4,076.09
has been carried forward in the Kowloon Market's
books pending claims during 1949/50.
The Colonial Development and Welfare Fund
This grant was received subsequent to the 31st
March, 1949, but was based on the estimated operational
cost of the New Territories Depots scheme up to that date.
It is conditional on the profits of the Vegetable Market-
ing Organisation being ploughed back into the Organisation
and not diverted to General Government Revenues. It is
understood part of this sum is to be regarded as a free
grant and part as an interest-free loan repayable in 1954
but we have been informed that the final details have not
been settled and, pending clarification of the position,
the full amount is shown as a liability on the Balance Sheet.
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