Estimates-1960 — Page 223

11,165

Sluice valves

1,239

Mains locating & leak detecting machine

Addressograph equipment

Trench pumps

50,000 Printing, stationery & office furniture (estimated) 30,000 Administration, accounting, etc. (estimated)

4. INTEREST @ 34% ON CAPITAL ADVANCE

Gross expenditure incurred during the year ended

31.3.58

($15,506,676)—Tai Lam Chung Scheme... $542,734 ($951,202)-Shek Pik Scheme ($5,178,616)—New Plant

51,467

9,392

50,000

30,000

378,358

1,265,844

33,292 181,252

757,278

1,592,164

Net accumulated expenditure from 1.4.52 to 31.3.57

($82,395,805)................

2,883,853 3,641,131

5. SINKING FUND INSTALMENTS ASSUMED

INVESTED @ 34%

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

redeemable 50 years

916,044

916,044

(b) Plant revalued @ 1.4.52-$40,000,000

1,026,960

86,454

redeemable 25 years

1,026,960

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

redeemable 25 years

86,454

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

19,126

redeemable 25 years

19,126

(e) New plant purchased 1954/55-$3,133,734

80,455

redeemable 25 years

80,455

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

72,502

72,502

95,731

$16,421,270

redeemable 25 years

(g) New plant purchased 1956/57—$3,728,714 ($95,731)

Less

Expenditure Shek Pik

Scheme 1956/57 (previously included under New Plant) on which a Sinking Fund will not

be started until the project has been completed

redeemable 25 years

181,236 ($4,653) $3,547,478

91,078

132,956 2,425,575

(h) New plant purchased 1957/58-$5,178,616

redeemable 25 years

$20,262,304 $16,421,270

$20,262,304

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