2.23. The expenditure arising from typhoon and rainstorm damage in 1970-71 totalled only $847,934, the year again being relatively free from serious storms. The revival of the property market, which has given rise to a new building boom, led to a greatly increased demand for quarry products and in turn this led to an increase in demand on Government operated quarries. The reason for this increase is due to higher selling prices being fixed for quarry products with effect from 1.7.70 and the demand for aggregate exceeding supply in the commercial sector, which brought the price of quarry products from commercially operated quarries to a much higher level than the Government selling price. This resulted in Government contractors purchasing much larger quantities of aggregate from the Government quarries than was previously the case. The day-to-day running costs in respect of the two Government quarries, excluding wages and general overheads, amounted to $3.414M. Revenue from the sale of quarry products totalled $6.144M, i.e. almost 100% more than the previous financial year.
Electrical and Mechanical Office
2.24. This sub-department, with a staff of more than 4,000, is responsible for the maintenance, servicing and repair of the Government vehicle fleet, together with all electrical, mechanical and air-conditioning plant and equipment other than that contained in waterworks projects and certain building services.
2.25. The expenditure incurred in discharging these responsibilities amounted to $10.455M. in 1970-71 compared with $7.779M. in the previous year, an increase of 34%. In addition, expenditure arising from the sub-department's responsibilities under the Defence Costs Agreement amounted to $1.830M, excluding personal emoluments. This considerable increase in expenditure is attributable to a larger workforce which brought about a higher output in the workshops, together with a substantial increase in the cost of electrical and mechanical spares, combined with very much higher contract rates for vehicle body building and other works.
2.26. The post of Treasury Accountant, which became vacant in the workshops in May 1970 following the resignation of the previous incumbent, remains unfilled. Nevertheless, the combined efforts of the E. & M. Office Planning and Progress Section, the Accounting Services Division and an officer on loan from the Treasury, enabled...
Page 16
Page 16
2.23. The expenditure arising from typhoon and rainstorm damage in 1970-71 totalled only $847,934, the year again being relatively free from serious storms. The revival of the property market, which has given rise to a new building boom, led to a greatly increased demand for quarry products and in turn this led to an increase in demand on Government operated quarries. The reason for this increase is due to higher selling prices being fixed for quarry products with effect from 1.7.70 and the demand for aggregate exceeding supply in the com- mercial sector, which brought the price of quarry products from commercially operated quarries to a much higher level than the Govern- ment selling price. This resulted in Government contractors purchas- ing much larger quantities of aggregate from the Government quarries than was previously the case. The day-to-day running costs in respect of the two Government quarries, excluding wages and general over- heads, amounted to $3.414M. Revenue from the sale of quarry products totalled $6.144M., i.e. almost 100% more than the previous financial year.
Electrical and Mechanical Office
2.24. This sub-department, with a staff of more than 4,000, is responsible for the maintenance, servicing and repair of the Govern- ment vehicle fleet, together with all electrical, mechanical and air- conditioning plant and equipment other than that contained in water- works projects and certain building services.
2.25. The expenditure incurred in discharging these responsibilities amounted to $10.455M. in 1970-71 compared with $7.779M. in the previous year, an increase of 34%. In addition, expenditure arising from the sub-departments responsibilities under the Defence Costs Agreement amounted to $1.830M. excluding personal emoluments. This considerable increase in expenditure is attributable to a larger work force which brought about a higher output in the workshops, together with a substantial increase in the cost of electrical and mechanical spares, combined with very much higher contract rates for vehicle body building and other works.
2.26. The post of Treasury Accountant, which became vacant in the workshops in May 1970 following the resignation of the previous incumbent, remains unfilled. Nevertheless, the combined efforts of the E. & M. Office Planning and Progress Section, the Accounting Services Division and an officer on loan from the Treasury, enabled consider-
16
No comments yet.
Private notes are available after approval.