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1
Allocation
Description
Payments
of Funds
to 31.3.75
$
$
Estimated Payments 1975/76
$
Supplementary Loan Fund
Provisions
STATEMENT 18
DEVELOPMENT LOAN FUND
STATEMENT OF APPROVED LOANS AND CAPITAL PROJECTS AS AT 31ST MARCH, 1976
Discharged from 1.4.75 to 31.3.76
Development!
Payments from 1.4.75
Special Warrant No.
to 31.3.76
Total Payments to 31.3.76
Discharged to 31.3.75
$
$
$
Total Discharged to 31.3.76
Balance
at 31.3.76
$
$
A.
1.
HOUSING
Housing Authority (a)
SOCIAL SERVICES
I.
2.
Hong Kong Housing Society:
(i) Completed Schemes
352,842,000 300,145,974.03 25,200,000.00
146,018,214, 146,018,212.04
300,145,974.03
300,145,974.03
146,018,212.04
20,819,680.06
(ii) Urban Improvement Scheme
100,000,000
15,000,000.00!
49,250,000.00
14,000,000.00
29,000,000.00
3.
Local Government Officers
(6)
176,000,000
159,618,551.81
5,600,000.00
(c)
31,260,000
30,837,333.74
419,192.26
1
4,005,169.49 244,831.69
163,623,721.30 68,587,114.07!
2,398,129.25
7,146,849.34
23,217,809.31 122,800,402.73
75,733,963.41
29,000,000,00 87,889,757.89
31,082,165.43
9,135,844.84 · 1,239,956.50 10,375,801.34 20,706,364.09
4.
Hong Kong Building & Loan
Agency Ltd:
(i) Share Capital (d)
3,375,000
(ii) Loan Capital, Debenture Issued
8,954,000
(iii) Guaranteed Notes
40,000,000
3,375,000.00 8,954,000.00 33,000,000.00
3,375,000.00
3,375,000.00
8,954,000.00
8,954,000.00
7,000,000.00
33,000,000.00
33,000,000.00
5.
Hong Kong Settlers Housing
Corporation Ltd.
10,000,000
6.
Shek Wu Hui Building Loans (e)
210,000
9,500,000.00 210,000.00
9,500,000.00
9,500,000.00
210,000.00
868,659,214, 706,659,071.62
87,050,000.00|
419,192.26
18,250,001.18
724,909,072.80
203,830.15 98,746,469.12!
II. EDUCATION
1.
Loans to Schools
161,300,000
135,175,983.80
2.
Loans to Students (a)
68,351,000
38,953,195.55
14,300,000.00 2,456,707.00
229,651,000
174,129,179.35
16,756,707.00
14,577,000.00 14,577,000.00
6,473,950.00 141,649,933.80 53,979,663.83 3 (f) 15,026,468.28
21,500,418.28 195,629,597.63 81,485,857.02'
81,485,857.02
6,169.85 10,791,104.94
5,159,566.29 86,645,423.31 55,004,510.49 53,979,663.83 5,159,566.29 86,645,423.31 108,984,174.32
210,000.00 109,537,574.06 615,371,498.74
III.
MEDICAL
B.
1.
The Mother Superioress of the
Daughters of Charity of the
Canossian Institute
ECONOMIC SERVICES
I. AIRPORT AND HARBOUR
The Cross Harbour Tunnel Co.,
2,000,000 2,000,000.00
2,000,000.00 1,423,490.31
110,783.81 1,534,274.12
465,725.88
I td. (g)
27,500,000
24,217,500.00|
24,217,500.00|
24,217,500.00
2.
Hong Kong & Kowloon Wharf &
Godown Company, Ltd.:
Ocean Terminal
26,900,000
26,900,000.00
26,900,000.00 10,760,000.00 1,345,000.00 12,105,000.00
14,795,000.00
3.
Hong Kong Air Cargo Terminals Ltd.:
Share Capital (h)
3,500,000
57,900,000
2,640,000.00 53,757,500.00
860,000.00
860,000.00
860,000.00 860,000.00
3,500,000.00 54,617,500.00
3,500,000.00
10,760,000.00
1,345,000.00 12,105,000.00
42,512,500.00
II. PRIMARY PRODUCTS
1.
Fisheries Loans (a)
2.
Kadoorie Agricultural Aid Loan Fund
5,000,000
500,000 5,500,000
2,174,280.48
886,000.00
Cr. 396,940.81
1,777,339.67
1,777,339.67
500,000.00 2,674,280.48
886,000.00
Cr. 396,940,81
500,000.00 2,277,339.67
500,000.00 2,277,339.67
III. TRADE
Hong Kong Export Credit Insurance
Corporation
IV. DEVELOPMENT OF INDUSTRIAL
20,000,000
20,000,000.00|
20,000,000.00
20,000,000,00
1++
ESTATE
1.
Tai Po Industrial Estate Stage I:
(i) Civil Engineering
49,600,000
(ii) Water Supply
10,400,000
60,000,000
3,500,000,00 3,800,000.00 7,300,000.00
22
571,409.23
571,409.23
571,409.23
571,409.23
571,409.23
571,409.23
V. INDUSTRIAL TRAINING
1.
Construction Industry Training
Authority
8,800,000
2.
Clothing Industry Training
Authority
4,000,000
12,800,000
C. COMMUNITY SERVICES
AMENITIES AND RELATED SERVICES
1. Hong Kong Cricket Club:
(i) Turfing
(ii) Club House and Facilities
Grand Total (I).
75,000!
75,000.00
1,400,000
1,400,000.00
1,475,000
1,475,000.00
75,000.00 1,400,000.00 1,475,000.00
40,784,887.88.1,001,479,919.33 192,415,816.45
5,690.09
5,690.09 69,309.91 1,400,000.00 5,690.09
5,690.09 1,469,309.91 17,412,145.13| 209,827,961.58 791,651,957.75
1,257,985,214. 960,695,031.45
105,552,707.00:
22,296,192.26 i
Notes: (a) These are revolving funds and are therefore shown net.
(b) Co-operative Housing Loans at interest rates of 31% or 5% p.a. over 20 years.
(c) Housing schemes at Lung Cheung Road and Ngok Yue Shan and Co-operative Housing Societies at 7% p.a. over 20 years.
(d) 1,039,500 shares of $5 each, including 364,500 bonus shares. At $15.60 per share, the price quoted on 31st March, 1976, these shares would have had
a value of $16,216,200.00.
(e) Includes balances of loans originally made from General Revenue but taken over by the Development Loan Fund on 1st October, 1959.
(f) After deducting waiver of loans totalling $12,974.50.
(g) 24,217,500 shares of $1 each.
(h) 35.000 shares of $100 each.
At $9.70 per share, the price quoted on 31st March, 1976, these shares would have had a value of $234,909,750.00.
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