Estimates-1954 — Page 7

GENERAL REVENUE BALANCE ACCOUNTS:

Balance at 1st April, 1951

Add Surplus from 1st April, 1951

to 31st March, 1952

192,906,703.97

32,708,296.68

INVESTMENTS:-

SPECIAL FUNDS:-

Development Fund-

Sterling Investment (£2,359,287.-5.-4.)

LETRA

37,748,596.27

Education Scholarships-

225,615,000.65

Fixed Deposit

Hong Kong Government Loan

6,000.00 41,225.00

Deduct net depreciation on Investments

$ 6,382,586.85

219,232,413.80

Sterling Investments (£1,786.-11.-4.)

28,585.07

75,810.07

Grant Schools Building Depreciation Fund—

Sterling Investments (£18,951.-4.-11)

303,219.93

Grant Schools Provident Fund-

Sterling Investments (£74,598.-0.-8.)

1,193,568.54

S.C.A. Chinese Public Depensaries Fund-

Notes: (a) (b)

TOTALS:

Hong Kong Government Loan

Trading Reserve Fund-

Sterling Investments (£1,405,768.-9.-6)

Water Works Renewals & Improvement Fund—

Sterling Investments (£62,315.-5.-0)

Surplus Balances:-

5,790.00

22,492,295.60

997,044.00

H.K. Government 3% Dollar Loan Sterling Investments (£9,315,099.-1.-3)

3,018,180.00 149,041,585.00

152,059,765.00

$362,772,160.13

TOTALS:

$362,772,160.13

Represents total of credit balances on various accounts under this Head. Represents total of debit balances on various accounts under this Head, Government holds 16,290 shares at a nominal value of $100 per share in Associated Properties Limited.

Regarding the 210 shares at a nominal value of $500 per share in Noronha & Co., Ltd., the assets of this Company have now been taken over by Government though the Company has not yet gone into liquidation.

Amounts due from Colonial Development and Welfare Fund are as follows:--

Scheme D. 994-Village Agricultural Depots (Recurrent, Grants)

D. 1602-Hong Kong Housing Society Pilot Scheme (Grant)

THE TREASURY,

Hong Kong, 25th July, 1952.

$51,230.06 $18,755.50

R. C. LEMMON,

Accountant General.

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