1958-1959 — Page 44

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APPENDIX IV-Contd.

THE HONG KONG HOUSING AUTHORITY

PROPERTY WORKING ACCOUNT FOR THE YEAR ENDED 31st March, 1959

1958 (North Point Estate only)

Estate Working Expenses-

North Point Sai Wan Chuen

Estate

Total

Estate

1958 (North Point Estate only)

North Point Sai Wan Chuen

Estate

Estate

Total

$ 72,000

Maintenance and

Repairs

$335,977

Rental Received—

Flats

+

$ 240,000.00 $ 7,327.00 $ 247,327.00

Shops ...

$2,540,282.00 $138,009.00 $2,678,291.00

138,970.00

67,960

Salaries and Wages

177,999.40 20,889.90

198,889.30

6,806

Crown Rent

27,511.00

616.00

28,127.00

19,387

Electricity

88,923.23

6,752.32

95,675.55

25,985

Insurance

82,245.83

3,731.91

85,977.74

Assembly Hall

330.00

Shop Tender Deposits

Forfeited

6,400.00

138,970.00

330.00

6,400.00

2,391

Sundry Expenses

6,944.03

3,285.21

10,229.24

Finance Charges-

274,925

Interest

1,141,249.53

22,075.73 1,163,325.26

111,398

Amortization of Loan

404,041.47

16,169.27 420,210.74

9,846

Share of Administration

Expenses

49,325.94

1,370.17

50,696.11

Depreciation-

854

Furniture and Fixtures

2,559.04

288.85

2,847.89

( 255,575)

Surplus for the year car-

ried down

465,182.53 55,502.64 520,685.17

$335,977

$2,685,982.00 $138,009.00 $2,823,991.00

$335,977

$2,685,982.00 $138,009.00 $2,823,991.00

( 255,575)

($255,575)

Balance at 31st March,

1958

...

$255,575.34

$255,575.34

($255,575)

Surplus for the year

brought down

•

$465,182.53 $55,502,64

$520,685.17

Balance, transferred to

General Revenue Reserve

209,607.19 55,502.64 265,109.83

$465,182.53 $55,502.64

$520,685.17 ($255,575)

$465,182.53 $55,502.64 $520,685.17