Estimates-1964 — Page 265

1960-61

OPERATING ACCOUNTS OF THE WATERWORKS

FOR THE YEAR ENDED 31ST MARCH, 1962

$

1960-61

EXPENDITURE

5. SINKING FUND INSTALMENTS-Contd.

(i) Assumed invested @ 34%-Contd. (i) New plant purchased 1958-59 -

$ 4,087,782 redeemable 25 years... (j) New plant purchased 1959-60 –

$ 5,466,188 redeemable 25 years... (k) Tai Lam Chung Scheme

(1) Expenditure from

1.4.52 to 31.3.59—

$109,380,874 redeem-

able 50 years

(2) Expenditure for

1959-60-

$ 10,285,640 redeem-

able 50 years

(ii) Assumed invested @ 5%

.$ 834,981

(a) New plant purchased 1960-61 -

104,950

140,339

69

78,517

913,498 3,579,781

$ 22,183,868 redeemable 25 years...$ 464,796

(b) New plant purchased 1961-62-

$ 6,527,321 redeemable 25 years

136,760

(c) Tai Lam Chung Scheme

(1) Expenditure for

1960-61-$6,587,909

redeemable 50 years...$ 31,470 (2) Expenditure for

4,076,047

1961-62—$3,432,320 redeemable 50 years...

16,396

47,866

649,422 4,229,203

6. SALT WATER FLUSHING SUPPLY

(A) Staff Charges

(i) Personal emoluments (estimated) $ 168,654

(ii) Passages (estimated)

1,970

(iii) Pensions & gratuities (estimated).

25,239

(iv) Quarters & medical expenses

187,453

(estimated)....

29,560

225,423

REVENUE

Appendix G-Contd.

EA

€9

264

Page 265Page 266

(B) Maintenance Charges

94,113

(i) General maintenance (ii) Salt water mains................

(C) Other Charges

$ 158,886

191,216

350,102

28,584

(i) Miscellaneous charges

6,562

(D) Interest on Capital Advance

(i) At 31%

Net accumulated expenditure from

1.4.58 to 31.3.60—($8,661,983).. $ 303,169

(ii) At 5%

Expenditure incurred

during the year ended

31.3.62 ($1,299,642)...$ 64,982

Net accumulated ex-

penditure from 1.4.60 to

31.3.61 [$5,889,156- $329,044 (adjustment of 1960-61 revenue in respect of salt water)

$5,560,112]...

(E) Sinking Fund Instalments

(i) Assumed invested at 31%

(1) Expenditure for

1958-59-

$2,324,565 redeem-

able 25 years

(2) Expenditure for

1959-60-

$5,765,757 redeem-

able 25 years

(ii) Assumed invested @ 5%

(1) Expenditure for

1960-61-

$4,732,356 redeem-

278,006

342,988 646,157

59,681

148,030 $207,711