Appendix II
DEVELOPMENT LOAN FUND
SUMMARY OF ESTIMATED RECEIPTS AND PAYMENTS
1. Receipts:
Loan repayments
Interest on Loans
Interest on Investments and Balances
Interest on Land sales premia
Land sales premia, Kwun Tong Reclamation
Profit on realization of investments
LESS
2.
Payments:
Loans
Kwun Tong reclamation-expenditure
3. DEFICIT to be met from the Fund's Balances
1.
Assets available at 1st April ;
1961-62
1962-63
4,043,000
7,482,000
5,043,000
8,841,000
940,000
1,626,000
1,464,000
1,509,000
16,000,000
10,000,000
28,000
29,957,000
27,019,000
81,346,000 18.000
91,000,000 4,000
81,364,000 51,407,000
91,004,000 63,985,000
ESTIMATED FINANCIAL POSITION
1961-62
2.
Cash (less overdrawn from General A/c) Investments
ADD: Proposed allocation of additional funds from Exchange Fund Surplus
LESS: Deficit as per Summary
Assets available at 31st March.....
Outstanding Allocations at 31st March
1962-63
Dr. 8,910,000
46,383,000
44,035,000
17,335,000
35,125,000
63,718,000
80,000,000
30,000,000
115,125,000
93,718,000
51,407,000
63,985,000
63,718,000
29,733,000
147,221,000
56,217,000
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EDUCATION
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