Estimates-1951 — Page 104

104

WATERWORKS RENEWALS AND IMPROVEMENT FUND

A. Capital expenditure from revenue up to 31st March, 1948.

Charged to revenue up to 31.12.38

(i)

1939 credit for sale of surplus plant

$15,644,464. 30,977

(ii) Charged to revenue in anticipation of a loan

Actual expenditure up to 31.12.39 Estimated expenditure 1940/41

.$ 2,266,913 1,714,494

(iii) Expenditure from P.W.E. works of capital nature in 1948/49.

$15,613,487

3,981,407

$19,594,894

6,650

$19,601,544

2% of $19,601,544 being contribution to Renewals and

Improvement Fund in 1949/50

$ 392,031

B. Renewals and Improvements Fund account as at 1.4.49.

NOTE: The credit balance of $1,100,093 brought down from 1940/41 has been written off as lost through

enemy action.

To actual expenditure charged

1948/49

$ 39,143

Actual contributions by transfer from P.W.R. sub-head entitled Contributions to Renewals and Improvements Fund.

1946/47 1947/48

To balance carried down

1,136,551

$1,175,694

1948/49

$ 391,898 391,898.

391,898

$1,175,694

Estimated expenditure in

1949/50

$ 30,000

Balance brought down 1.4.49 Dividend on Investments to

$1,136,551

30.9.49

13,498

Estimated balance on 31.3.50 ... 1,512,080

$1,542,080

Contributions due for 1949/50 ... 392,031

Estimated balance brought down. $1,542,080

NOTE: $1,013,498 is invested in securities held by Crown Agents.

C. Schedule of estimated expenditure for 1950/51.

Item

Estimate

Estimated

Expenditure 1950/51

$

$

1. Tytam Tuk pumping station. Replace- ment of steam pumps by diesel and electric pumps

650,000

600,000

2. Grouting leakage at Wong Nei Chong

reservoir

30,000

30,000

3. Reconstruction of Albany service

reservoir

800,000

300,000

4. Replacement of protective joint covers

on the 21" cross harbour mains

20,000

20,000

5. Steel oil storage tank and ancillary equipment for Tytam Tuk pumping station

35,000

35,000

$1,535,000

$ 985,000