Financial Year.
REVENUE
1952/53
1953/54
1954/55
1955/56
1956/57
Totals
1957/58 (Estimated)
Cottage Areas
-Permit Fees.
Multi-Storey Estates-Rents.
$
133,583
$
nil
274,620
nil
367,455
881,970
534,972
1,026,287
$ 2,336,917
2,179,977 3,592,928
$ 6,654,875
$ 1,009,000
$ 5,866,000
SUMMARY
Capital Expenditure
Annually Recurrent Expenditure
Total Expenditure
Revenue
5 year period 1952-1957. (Actual) $56,924,296
1957/58. (Estimated)
$20,502,270
10,968,785
5,696,760
$67,893,081
$26,199,030
$ 8,991,792
$ 6,875,000
CHAPTER XII
LOOKING TO THE FUTURE
123. By the end of the year the population of the resettle- ment areas had risen to the figure of 213,500 and it was estimated that there remained about 265,000 squatters eligible for resettlement and about 65,000 others living in huts on the rooftops of private tenement buildings.
124. Work was then in progress on three half-completed building schemes at Shek Kip Mei, Hung Hom, and Lo Fu Ngam and was about to start on a very large new scheme for the construction of an estate of 24 blocks to house about 63,000 persons on a site of 29 acres at Wong Tai Sin, north of Kai Tak Airport. When these approved schemes are completed the resettlement areas will have accommodation for about 295,000 persons.
•
125. Looking still further ahead, several more sites have already been reserved on which, if funds can be made available, it will be possible to build multi-storey accommodation for another 155,000 persons and so increase the number of resettled
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