TNAG-0507-FCO40-572-Development-of-medical-and-health-services-in-Hong-Kong-1974 — Page 162

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CONFIDENTIAL 機密

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recurrent expenditure on new projects would be reduced to $200 m.,

At a

to bring total recurrent expenditure to some $800 m.

constant rate of increase, this represents a growth of just under

6% compound a year. But in practice the increase will be uneven.

There will be a sharp increase in 1975-76 as the Princess Margaret

Hospital is commissioned, a lower rate for the next three years

and a sharp increase annually from 1979-80 (when the first of the

major new projects is commissioned). In these circumstances, the

increase in recurrent expenditure resulting from the projects that

are likely to proceed is as much as can be considered acceptable

for planning purposes at this stage; and even then, the

implications for recurrent expenditure will have to be

carefully re-assessed as the planning of each project develops.

For the remaining projects (listed as (g) (m) in paragraph 13.4)

the recurrent implications will be as significant as the capital

expenditure involved in determining whether or not, as the

financial situation develops over the next ten years, they can

be implemented earlier than is at present envisaged.

機密

CONFIDENTIAL # Z