31 March 1976
STATEMENT 1
STATEMENT OF ASSETS AND LIABILITIES AS AT 31 MARCH 1977
31 March 1976
S
2,552,133.61
28,391,144,53 14,828,380.39 55,387,501.39
DEPOSITS:
Unspent Grants
Contract Retentions
Private Works
LIABILITIES
$
$
$
2,261,251.29
Public Works Department:
Water Deposits
30,346,678.90 20,777,969.15 62,051,172.57
113,175,820.62
1,700,000.00 1,112,319.86 12,263,953.21
Other Deposits:
EXCHANGE FUND DEBT CERTIFICATES
ASSETS
CASH IN HAND, IN TRANSIT, BALANCES WITH BANKERS AND AGENTS AND MONEY AT CALL:
$
$
Hong Kong
Overseas (a)
135,677,303.41
5,299,590.05
140,976,893.46
101,206,513.58
132,109,354.34
1,826,000,000.00
$
Control of Publications Government Servants
1,890,000.00 1,178,708.22
140,269,157.66
Mass Transit Railway Miscellaneous
110,000,000.00
149,164,944.83
262,233,653.05
377,670,724,96
SHORT NOTICE AND TIME DEPOSITS:
Hong Kong (3)
SPECIAL FUNDS:
Overseas (a)
2,110,455,914.37
2,784,000.00
2,113,239,914.37
1,420,732,854.56
991,568,503.45
318,823.98
World Refugee Year Loan Fund for Co-operative Societies
294,158.13
INVESTMENTS:
Overseas
829,052,721.87
27,875.43 24,112,335.56
41,280,735.13
41,280,735.13
SUSPENSE:
Colonial Treasurer Incorporated
Special Coin
450,000,000.00
MASS TRANSIT FUND
GENERAL REVENUE BALANCE: (c)
2,521,954,579.86
487,349,208.45
199,047,758,25*
As at 1 April 1976
2,810,256,030.06
Surplus and Deficit Account at 31 March 1977
Surplus
902,612,391.49
3,712,868,421.55
$3,541,219,655.68
*Depreciation on investments and exchange differences.
Notes:
$4,132,114,039,77
SPECIAL FUNDS:
World Refugee Year Loan Fund for Co-operative Societies
Short notice and time deposits
SUSPENSE:
Colonial Treasurer Incorporated
ADVANCES:
Personal-Imprests Personal---General Post Office Other Administrations Miscellaneous
647,488.61
9,836,665.34
8,109,748.70
150,000.00
100,000.00
1,353,723.08
178,249.62
31,621,356.59
50,393,508.86
$4,132,114,039.77
(a) Overseas currency balances have been valued at the middle market rates for telegraphic transfers on the last working day of March 1977 as advised by the Hong Kong Exchange Banks' Association.
(b) Includes $31,653,250.00 held for the Official Receiver under Section 294 of the Companies Ordinance (Cz.p. 32).
(c) There are contingent liabilities in respect of:
1. the Government's Asian Development Bank capital subscription;
2. a guarantee on notes issued by the Hong Kong Building and Loan Agency Ltd.;
3. all moneys due by the Hong Kong Export Credit Insurance Corporation;
4. the Loans for Small Industries Scheme;
5. outstanding currency notes demonetized under the Dollar and Subsidiary Currency Notes Ordinance (Cap. 67);
6. a guarantee to pay 25% of sums made available under an Agreement between the Cross-Harbour Tunnel Company Ltd and Lloyds Bank Ltd;
7. one cent notes issued under Section 4(1) of the Dollar and Subsidiary Currency Notes Ordinance (Cap. 67). Notes to the value of $756,161.00 were in circulation at 31 March 1977;
8. guarantees in respect of the repayment of loans made to and the discharge of indebtedness of the Mass Transit Railway Corporation under the facilities specified in the Schedule to L.N, 242 of 1975
as amended by L.Ns. 35, 62, 175 and 288 of 1976 and L.N. 52 of 1977;
9. a guarantee in respect of the redemption or repayment of the principal of bonds or notes issued by the Mass Transit Railway Corporation in Hong Kong (L.N. 121 of 1976);
10. gold coins issued in accordance with L.N, 97 of 1975. Coins to the value of $55,778,000.00 were in circulation at 31 March 1977.
(d) The assets shown above do not include 16,290 shares of a nominal value of $100.00 each held in Associated Properties Ltd and 8,000 shares of a nominal value of $100,000.00 each held in the Mass
Transit Railway Corporation.
THE TREASURY, Hong Kong, 11 June 1977
494,603.59 8,410,463.21
6,606,644.62
304,315.75
50,633,680.71
$3,541,219,655.68
F. CRABB
Director of Accounting Services
27
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