Estimates-1962 — Page 162

Appendix I

DEVELOPMENT LOAN FUND

FINANCIAL STATEMENT OF APPROVED LOANS AND PROJECTS

Actual Estimated Estimated

LOANS/PROJECTS

Funds Allocated

Original

Actual Estimated Estimated

Revised

1961/62

Payments Payments Payments Capital Re- Capital Re- Capital Re- to 31.3.60 1960/61

payments to 31.3.60

payments 1960/61

payments 1961/62

$

I. Housing Loans:

1. Housing Authority

2. Hong Kong Housing Society:

91,500,000 156,000,000 56,589,417 30,000,000 38,000,000

REMARKS

Revolving fund. Interest at 31% p.a. on the first $45 million outstanding and at 5% p.a. on the balance.

158

(a) Sheung Li Uk Scheme

2,136,851

2,136,851

(b) Hung Hom Scheme

(c) Healthy Village Scheme

(d) Sheung Li Uk Scheme Extension.

(e) Tsuen Wan Scheme I

(f) Kwun Tong Scheme

(g) Tanner Hill Scheme

8,500,000 8,000,000 8,000,000

6,250,000 6,000,000 6,000,000

535,000

535,000

201,969

135,422

23,655

71,792

32,342 33,474

99,358 102,836

74,304

Loans at 31% p.a. repayable over 40

years.

9,079

4,883

5,127

2,500,000 2,730,000 2,730,000

24,653

23,944

25,141

5,600,000

5,000,000 600,000

19,316

47,323

Loans at 5% p.a. repayable over 40

5,250,000

1,500,000 2,750,000

years.

(h) Kai Tak Scheme I.....

1,800,000

800,000 1,000,000

7,450

15,273

(i) Shau Kei Wan Scheme

11,500,000

1,500,000 1,500,000 | 5,500,000

II

8,000,000

Interest-free loan for the construction of 1,000 flats for non-pensionable Govern- ment Officers. Repayable over 20 years.

(j) Aberdeen Scheme...

6,500,000

1,000,000 3,000,000

(k) Kai Tak Scheme II

2,000,000

1,000,000 1,000,000

(1) Healthy Village Scheme

Extension

9,000,000

Loans at 5% p.a. repayable over 40

years.

(m) Kwun Tong Scheme Extension.

7,500,000

(n) Tsuen Wan Scheme II

5,000,000

(0) Tsuen Wan Scheme III

7,500,000

3. Local Government Officers

65,000,000 125,000,000 54,453,390 17,000,000 25,000,000 751,922

1,008,027

1,400,000 Loans to Co-operatives at 31% or 5%

p.a. repayable over 20 years.