TNAG-1641-FCO40-2288-Budget-of-Hong-Kong-1987 — Page 76

DEVELOPMENT LOAN FUND

Appendix A(4)

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Background

The Development Loan Fund was established on 1 November 1958 by Resolution of the Legislative Council for the purpose of financing, by loans or advances or by investments, schemes of development in Hong Kong. This was replaced on 27 July 1983 by a further Resolution passed by the Legislative Council.

Summary

Revised

Actual

Estimate

Estimate

1982-83

1983-84

1984-85

1985-86

1986-87

1987-88

$mn

$mn

$mn

$mn

$mn

$mn

OPENING BALANCE

1,378

1,175

1,438

1,681

1,843

2,024

Expenditure

Revenue

2,442

1,892

1,673

1,806

1,557

1,690

389

755

611

668

638

635

Deficit before Transfer from GRA

(2,053)

(1,137)

(1,062)

(1,138)

(919)

(1,055)

Transfer from GRA

1,850

1,400

1,305

1,300

1,100

1,000

Surplus/(Deficit) after Transfer from GRA

(203)

263

243

162

181

(55)

CLOSING BALANCE

1,175

1,438

1,681

1,843

2,024

1,969

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