Estimates-1966 — Page 206

Appendix II

DEVELOPMENT LOAN FUND

FINANCIAL STATEMENT OF APPROVED LOANS AND PROJECTS

Funds Allocated

LOANS/PROJECTS

Actual Payments to 31.3.64

Revised Estimated

Estimated

Payments

Actual Capital Re-

Revised Estimated

Estimated

Original

Revised

Payments 1964-65

Capital Re- Capital Re-

1965-66

payments to 31.3.64

payments 1964-65

payments 1965-66

$

$

$

FA

$

$

$

$

$

I. Housing Loans:

1. Housing Authority

2. Hong Kong Housing Society:

(a) Completed Schemes

91,500,000 230,000,000 | 166,210,170 | 9,809,700 |16,000,000

82,071,852 88,518,214 72,268,214 16,250,000

1,780,140

754,004

(b) Kennedy Town Scheme

15,000,000

5,000,000 10,000,000

(c) Kwun Tong Scheme Extension... 17,500,000 | 19,000,000

(d) Ma Tau Chung Scheme

10,500,000

3,000,000 6,000,000 10,000,000

3,000,000 7,500,000

3. Local Government Officers...

65,000,000 | 184,000,000 111,920,931 10,500,000 10,500,000

8,383,730

3,472,946

4.

Shek Wu Hui Building Loans

630,000 210,000 210,000

100,864

32,259

REMARKS

Revolving fund. Interest at 33% p.a. on the first $45 million outstanding and at 5% p.a. on the balance.

944,815 3 loans at 31% p.a. and 12 loans at 5% p.a., all repayable over 40 years; together with 2 interest-free loans repayable over 20 years.

Loans at 5% p.a. repayable over 40

years.

4,130,000 Loans to Co-operatives at 31% or 5%

p.a. repayable over 20 years.

4,529 Loans to purchasers of Shek Wu Hui lots at 10% p.a. repayable over 14 years.

200