TNAG-2472-FCO40-3599-Confidential-talks-between-the-UK-and-China-regarding-financ-1992 — Page 14

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Paper 3 (P. of 4)

Capital Works Reserve Fund (CWRE))

finances the Public Works Programme,

bodies subventions to voluntary

CWRF

acquisitions,

and major systems

capital works, including computers.

and

land

for

equipment

It is funded by receipts from the sale of land (after deduction of cost of land production and the half share credited to the future Special Administrative Region Government), from premia received on modifying existing leases, donations for projects, and interest

on balances.

Capital Investment Fund

Capital injections into quasi-Government bodies such the Hong Transit Railway Corporation, as the Mass Kong Housing Authority and the Provisional Airport Authority are made from this Fund. In addition, if Trading Funds are established, their capital funding will also be provided from this source.

Income arising from investments are credited to the

Fund.