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APPENDIX IV

THE HONG KONG HOUSING AUTHORITY

BALANCE SHEET AS AT 31ST MARCH, 1958

$23,236,517

125,342

1957

HONG KONG GOVERNMENT LOANS

31% Loans

Authorized

Java Road Scheme

Cadogan Street

Scheme...

$33,000,000 $31,794,127.23

Utilized

7,500,000 2,986,487.37

249,422

Administation

1,000,000

388,227.60

211,975

5% Loans

Šo Uk Scheme

50,000.000

458,573.15

Clear Water Bay

Road Scheme

10,075.00 $35,637,490.35

$23,823,256

PROVISIONS

Amortization of Loan Repairs and Maintenance

Java Road Estate-

Amount provided during

$111,398.15

period ended 31st

March, 1958

$72,000.00

Less: Expenditure

during the period 3,558.00

68,442.00

179,840.15

CURRENT LIABILITIES

25,098 1,287,759

Amount Payable to Hong Kong

Government on adjustment

of loan allocations

(Paid 25th September, 1958) Sundry Creditors and Accrued

Charges...

Retention Money on Contracts Tenants' Deposits

$25,136,113

433,328.26

37,852.86

1,252,960.17

251,100.00 1,975,241.29

1957

$24,934,303 FIXED ASSETS-as per Schedule I

CURRENT ASSETS

Unallocated Administrative

Expenses

201,810

Prepaid Insurance Premia

T

Cash at Bank and in Hand

JAVA ROAD ESTATE WORKING ACCOUNT

Debit Balance ...

Notes.

$37,792,571.79

$25,136,113

$36,545,785.72

$376,203.65

50,581.07 564,426.01

991,210.73

255,575.34

1. Commitments in respect of expenditure outstanding

at 31st March, 1958 not provided for in the above Balance Sheet were estimated to be:

Java Road Estate

Cadogan Street Estate

So Uk Estate

769,528

4,292,459

6,223,469

$11,285,456

2. Conditions relative to the Hong Kong Govern- ment Loans have not yet been finally approved.

3. The Land Office have not yet issued Crown Leases of the various lands in accordance with the provisions of the Conditions of Grants.

C. G. M. MORRISON, Chairman, Housing Authority.

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, 1958, according to the best of our information and the explanations given to us and as shown by the books of the Aut .ority.

Hong Kong, 30th September, 1958.

PEAT, MARWICK, MITCHELL & Co., Chartered Accountants, Auditors.

$37,792,571.79