TNAG-0770-FCO40-974-Construction-of-underground-railway-system-in-Hong-Kong-1978 — Page 42

10. Long Term Loans (Continued)

Since 31 December 1977 a further loan

for US$17.5 million has been arranged for one

MIS contract at a floating rate of interest with

a maturity of 9 years from April 1978.

During the year, two local facilities which

provided $56 million in respect of the local

cost portion of three international contracts

have been cancelled.

General Finance

In addition to contractor finance, the

Corporation has available local facilities

totalling $1,322 million maturing between

1983 and 1984. These facilities carry interest

rates varying between 11/2 per cent and

214 per cent over the best lending rates of certain banks in Hong Kong.

Since 31 December 1977 a US$200 million facility, which would have matured in 1982, has been cancelled and a new facility for US$400 million has been arranged. This facility will finally mature in 1988 and carries an interest rate of 1 per cent above the London Inter-bank Offered Rate compared with the facility cancelled at 1 % to 134 per cent above the London Inter-bank Offered Rate. Of this new facility 50 per cent of any out-

standing principal and interest will be

guaranteed by the Government of Hong Kong.

During the year $200 million of a $500

million facility, maturing in 1982, was

續十、長期貸款

一般貸欵

本公司除獲得承建商提供之貸款外,另 有由本地提供之十三億二千二百萬元貸欸, 利率爲香港某些銀行最優惠利率另加一厘半 至二厘二五,在一九八三至一九八四年間清 還

自一九七七年十二月卅一日以後,一項 原定一九八二年清還之二億美元貸款已告撤 銷,由另一筆四億美元之新貸欸替代。此項 借貸將於一九八八年到期,利率為倫敦銀行 同業拆息率另加一厘,已撤銷之貸欸之利率 則為倫敦銀行同業拆息率另加一厘六二五至 一厘七五。此項新貸款中,未清還之本息, 百分之五十將由香港政府作保証

。

是年內,原定一九八二年到期之一項五 億元貨欸,其中二億元已撤銷,其餘之三億 港元貸欸,已重新以較佳條件協商。

一九七七年內,本公司又為一般用途新 安排總值十二億五千萬元之兩筆港元貸欸。 此兩筆貸款均於一九八四年到期,利率為香

cancelled. The remaining $300 million is in the 港某些銀行之最優惠利率另加一厘半至一厘

process of being re-negotiated on more

advantageous terms.

During the year two new local facilities for

general purposes totalling $1,250 million

were arranged. Both these facilities mature in

1984 and carry interest rates of 1/2 per cent

and 15% per cent over the best lending

rates of certain banks in Hong Kong.

11. Board Members' Remuneration

Remuneration to the members of the Board

disclosed in accordance with Section 161 of ~ the Companies Ordinance is as follows:-

Fees 董事袍金

Other emoluments 其他酬金

六二五。

十一、董事酬金

根據公司條例第一六一節所規定而公佈 之董事酬金如下:

1977

1976

$000

$000

千元

千元

130

90

1,090

1,057

1,220

1,147

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