ENG-1958 — Page 388

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Appendix I

(Chapter 4: Public Finance and Taxation)

Colonial Development and Welfare

Details of locally administered Grants and Loans made by the United Kingdom Government towards schemes in progress during 1958.

Estimated Expenditure

Scheme No.

Title of Development Scheme

Grant Loan

£

£

up to 31.12.58

£

D 1967

Loans to fishermen for mechaniza- tion (Interest free loan-Repay- able by 9 annual instalments of £5,000 and a final one of £1,850 with effect from 1.4.58)..

46,850(1)

46,850

D 2341

Site development for low-cost

housing, Healthy Village

25,000

18,034

D 2487

Construction of Pathology Insti- tute, Hong Kong University

=

D 2539

(administered by University)

Development schemes in New

Territories ..

80,781

74,864

263,500

208,780(2)

D 2594

Aeronautical Telecommunication .

16,800

3,789(3)

D 2663

& A

Site development for low-cost

housing, Kennedy Town

52,500

52,500

D 2990

Site development for low-cost

housing, So Uk ..

88,875

85,853(4)

£527,456 £46,850 £490,670

Notes: (1) £50,000 originally reduced to £46,850 in July 1958.

(2) Colonial Development and Welfare Scheme share of estimated expenditure varies

with the items comprising this scheme as follows:

£

£

Item 1. Road on South Lantau

42% of 106,730= 44,827

2.

Six feeder roads

50%

70,568 35,284

3. Piers in the New Territories

85%

1.

4. Irrigation schemes

5. Survey party

85%

85%

++

26,840= 22,814

119,979-101,982

4,557 3,873

£208,780

(3) Colonial Development and Welfare Scheme share (80%) of estimated expenditure.

(4) Colonial Development and Welfare Scheme share (75%) of estimated expenditure.