TNAG-1641-FCO40-2288-Budget-of-Hong-Kong-1987 — Page 197

11.2.87

(30)

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47

1986-87

Revised

Estimates

($mn

1987-88 Draft Estimates ($mn)

f {

(1)

Rental Housing Programme (i):

Drawings from Development

Loan Fund (ii)

1,200

1,200

Housing Authority's own

:

resources (iii)

1,150

1,269

Asian Development Bank

loans

____1

Total (1)

2,351

2,469

(2)

Home Ownership Scheme (iv)

790

800

Total (1) + (2)

3,141

3,269

J

(3)

Temporary Housing Areas

87

85

Total (1) + (2) + (3)

3,228

3,354

Notes

(i)

Not including the Housing Society.

·

(ii) For housing and ancillary facilities, but nothing

for land, because land is granted to the Housing Authority at nil premium, although the full market value of the land is entered into the Authority's accounts as a government contribution.

(iii) Difference between rent income and running expenses

plus premia from commercial lettings.

(iv) These figures exclude expenditure on the Middle

Income Housing Programme (now closed) and the Private Sector Participation Scheme. For the Home Ownership Scheme itself, the expenditure figures include $66 million and $57 million for 1986-87 and 1987-88 respectively being drawings by the Housing Authority from the Development Loan Fund for commercial facilities, but exclude the value of land in respect of domestic elements.

}

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