CO129-627-3 Housing project- contains drawings 1-2-1951 - 31-10-1951 — Page 43

APPENDIX A.

FINANCIAL SUMMARY.

1.

Administrative Authority

2.

Allocation

3.

Classification

4.

Description of Scheme

5.

Total cost

6.

Colonial Development &

Welfare Assistance required

7.

8.

44

Government of Hong Kong.

Ko

if

General Reserve of £1,000,000.

Social:

Telfarer housing for lower-income

Construction of 8 blocks comprising 370 flats.

£138,092 ($2,209,468)

(see heatedathon Below)

Grant of £13,500 (8216,000)

Estimate of assistance required by Colony.

Capital

Recurrent

1951/1952

£13,500

Nil

£13,500

Estimate of total capital expenditure required to be made outside the Colony:

(a) Iron and Steel £13,125 ($210,000) based on price

ex Government Stores. Sufficient steel is available in the Colony.

(b)

Cement

local cement will be used.

(c)

All equipment needed is available in the Colony.