Estimates-1958 — Page 138

PROJECT

Appendix I

DEVELOPMENT FUND

FINANCIAL STATEMENT OF APPROVED PROJECTS

Funds allocated

Original

Actual Payments to 31.3.56

Revised

Estimated Estimated Payments Payments

1957/58 1956/57

Capital Repayments to the Fund to 31.3.56

I. Housing Loans

1. Housing Authority

(a) Administration Expenses

(b) Java Road Scheme

1,000,000

27,000,000 33,000,000

(c) Cadogan Street Scheme...

7,500,000

41,580 1,739,446 25,365

(d) So Uk Scheme

50,000,000

238,420 21,260,554 799,635 600,000

675,000 10,000,000 6,675,000 10,000,000

2. Hong Kong Housing Society

(a) Sheung Li Uk Scheme

2,136,851

2,136,851

83,174

(b) Hung Hom Scheme

8,500,000

(c) Healthy Village Scheme

4,500,000 6,250,000

2,750,000 2,000,000 1,500,000 1,500,000

3,750,000 3,250,000

3. Non-expatriate Government Officers

Briar Avenue Housing Co-operative Society

Ltd.

640,300

599,646

568,729

30,917

Hong Kong Civil Servants' Co-operative

Building Society Ltd.:

(i) Chatham Gardens

2,270,000

2,072,478

(ii) Belcher Gardens

8,400,000

6,130,000

4,090,806

197,522 1,865,446

173,748

Perpetual C. B. S. Ltd.

370,000

254,573

115,427

Hong Kong Civil Servants' (Homantin

Street) C. B. S. Ltd.

850,000

353,986

496,014

Sanitarian C. B. S. Ltd.

807,000

95,058

608,703

103,239

Cornwall Street C. B. S. Ltd.

580,000

33,855

515,003

31,142

Wun Sha C. B. S. Ltd.

432,000

32,000

400,000

Union C. B. S. Ltd.

350,000

350,000

REMARKS

Loan at 31% p.a.

ララ

Loan at 5% p.a.

Loan at 31% p.a. repayable over 40

years.

"

"

Housing loans to co-operatives at 31%

p.a. repayable over 20

allocated by Finance

years. Funds

Committee originally $10 million, revised to $15 million in June 1956.

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