1955-1957 — Page 33

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Page 33 APPENDIX IV

THE HONG KONG HOUSING AUTHORITY

BALANCE SHEET AS AT 31ST MARCH, 1956

Hong Kong Government-Loan Account

Sundry Creditors and Accrued Charges

Per Schedule II

Note. The total costs of the North Point and Cadogan Street Estates are estimated at $27,000,000 and $7,500,000 respectively, including the cost of land, the title to which has not yet been transferred to the Authority.

$1,806,390

Work in Progress-at cost-Per Schedule I

165,542

North Point Estate

Cadogan Street Estate

...

...

$1,901,639

25,808

$1,971,932

Unallocated Expenditure

D. R. HOLMES,

:

Chairman, Housing Authority.

44,485

$1,971,932

REPORT OF THE AUDITORS TO THE MEMBERS OF THE HONG KONG HOUSING AUTHORITY

We have examined the above Balance Sheet with the books and records of the Authority and have obtained all the information and explanations we have required.

In our opinion, the Balance Sheet is properly drawn up so as to give a true and correct view of the state of the Authority's affairs at 31st March, 1956, according to the best of our information and the explanations given to us and as shown by the books of the Authority.

Hong Kong, 7th May, 1956,

PEAT, MARWICK, MITCHELL & Co.,

Chartered Accountants, Auditors.