Estimates-1959 — Page 220

67,195

Travelling expenses

73,048

2,680

Uniforms

4,324

36,451

Workshop equipment & tools

14,295

Billing machines

54,502

8,401

Flow recorders..

23,838

50,023

Pumps

12,244

19,398

Sluice valves

11,165

1,946

Surveying units

2,610

Mains locating & leak detecting machine Adding machines

1,239

Printing, stationery & office furniture

50,000

(estimated)

50,000

30,000

Administration, accounting, etc. (estimated)......

30,000

435,591

4. INTEREST @ 31% ON CAPITAL ADVANCE

825,105

844,411

Gross expenditure incurred during the year

ended 31.3.57

($32,438,262)—Tai Lam Chung

Water Scheme...

($3,728,714)-New Plant

1,135,339

130,505 1,265,844

1,592,164

2,858,008

Net accumulated expenditure from 1.4.52

to 31.3.56 ($45,490,387)

5. SINKING FUND INSTALMENTS ASSUMED

INVESTED @ 3%

916,044

1,026,960

86,454

(a) Dams revalued @ 1.4.52—$120,000,000

redeemable 50 years (b) Plant revalued @ 1.4.52—$40,000,000

redeemable 25 years (c) New plant purchased 1952/53—$3,367,360

redeemable 25 years

916,044

1,026,960

86.454

(d) New plant purchased 1953/54—$744,942

19,126

80,455

72,502

redeemable 25 years (f) New plant purchased 1955/56—$2,823,964

redeemable 25 years (g) New plant purchased 1956/57-$3,728,714

redeemable 25 years

redeemable 25 years (e) New plant purchased 1954/55—$3,133,734

19,126

80,455

72,502

95,731 2,297,272

2,210,076

$15,200,393

6. EXCESS OF REVENUE OVER EXPENDI-

TURE FOR THE YEAR

$16,421,270

$15,200,393

$16,421,270

221

Page 220Page 221

1955/56

LIABILITIES

1. CAPITAL

160,000,000

Revaluation of assets at 1.4.52.....