Estimates-1961 — Page 238

757,278

2,883,853

4. INTEREST @ 31% ON CAPITAL ADVANCE

Gross expenditure incurred during the year ended 31.3.59 ($16,775,068)—Tai Lam Chung Scheme...$ 587,127 ($7,732,322)--Shek Pik Scheme.... ($8,129,662)—New Plant.....

270,631

284,538 1,142,296

Net accumulated expenditure from 1.4.52 to 31.3.58

($104,123,393)

($13,948)—adjustment of Tai Lam Chung

expenditure for the year

1955/56. Interest @ 34% for the years 1955/56, 1956/57 & 1957/58

.$3,644,319

5. SINKING FUND INSTALMENTS ASSUMED

INVESTED @ 31%

(a) Dams revalued @ 1.4.52

redeemable 50 years (b) Plant revalued @ 1.4.52

redeemable 25 years.. (c) New plant purchased 1952/53 redeemable 25 years... (d) New plant purchased 1953/54

redeemable 25 years

916,044

1,026,960

86,454

19,126

80,455

(e) New plant purchased 1954/55

redeemable 25 years

1,465 3,645,784

4,788,080

$120,000,000

$ 40,000,000

916,044

1,026,960

$ 3,367,360

86,454

$ 744,942

19,126

3,133,734

80,455

$ 2,823,964

72,502

(f) New plant purchased 1955/56

Less: Preliminary expenses in connec- tion with the Shek Pik Scheme previously included under New Plant 1955/56

redeemable 25 years

178,450 $2,645,514

67,921

91,078

(g) New plant purchased 1956/57

redeemable 25 years

$ 3,547,478

91,078

132,956

(h) New plant purchased 1957/58

redeemable 25 years

$ 5,178,616

132,956

(i) New plant purchased 1958/59

redeemable 25 years

$ 8,129,662

208,721

(j) Tai Lam Chung Scheme

Expenditure up to 31.3.59

$109,380,874

$20,262,304

redeemable 50 years

Less Instalments for Shek Pik expenditure (pre- viously included under New Plant 1955/56) for the years 1955/56, 1956/57 & 1957/58...

6. PROFIT FOR THE YEAR 1958/59

834,981

3,464,696

13,743

3,450,953

615,844

$22,895,724 $20,262,304

$22,895,724

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