Estimates-1965 — Page 264

IV. Sinking Fund:

Under Construction:

5.

Shek Pik

136,217,052

136,217,052

In hand at 1,4,61

50,758,602

6. Plover Cove & Hebe Haven

•

21,694,922

21,694,922

Contributions & interest for the year

5,419,256

7. Furniture & Office Equipment...

56,177,858

8. Meters

9. Vehicles

less:

Funds utilized during the year

369,704,840 990,047 5,152,566 639,401

376,486,854

3,000,000

366,704,840

990,047

5,152,566

639,401

3,000,000

373,486,854

(b) 56,177,858

III.

Sinking Fund Investments..

56,177,858

$549,664,712

$549,664,712

Notes on Balance Sheet as at 31st March, 1962:

(a) Original published Balance Sheet:

Liabilities:

Revaluation of Assets at 1.4.52

(b) Original published Balance Sheet:

$

Sinking Fund at 31.3.62

$ 30,560,851

160,000,000

Add:

Advance Account

353,266,994

513,266,994

(1) Errors in carry-forward of balances 1958-9 to

1960-1

2,114,326

Revenue & Expenditure Account

9,883,702

(2) Additional funds brought in as at 1.4.52 plus

interest to 31.3.62

65,248,711

523,150,696

97,923,888

Adjustments on reconstruction of accounts:

Add-Net additions to assets 1.4.52 to 31.3.62.....

Less:

$

10,336,158

533,486,854

(1) Other calculation adjustments on reconstruction of the ac-

counts

1,746,030

Less-Financing of Shek Pik during 1961-2 by use of released Sinking Fund Investments instead of from Advance Account

(2) Utilized for writing-off assets

fully amortized

40,000,000

41,746,030

40,000,000

$493,486,854

$ 56,177,858

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