ENG-1967 — Page 374

298

Development Loan Fund:

As at April 1, 1966 (i)

Add:

Kwun Tong Reclamation Land Sales

1966-7

Appendix

XIII-Contd

(Chapter 3: Financial

Structure)

Development

I'

Loan Fund

Statement of Assets and

LIABILITIES

$556,181,305.07

154,000,00

Liabilities as at March 31, 1967

ASSETS

Cash:

In Treasuries, in transit, Departments and Banks in Hong Kong With the Crown Agents

$ 9,020,315.80 598,966.46

Per Statement of Receipts and Payments:

Recurrent Receipts

Recurrent Payments

Appreciation on Investments

$22,279,390.60 27,734.40

22,251,656.20

129,336.87 $578,716,298.14

וי

:

Fixed Deposits

Investments:

Local

Sterling

Kwun Tong Reclamation:

Outstanding premia (ii)

Outstanding Loans and Capital (iii) for:

Housing (iii)

Educational

Medical

Fisheries

Export Credit Insurance (iii) Miscellaneous purposes

299

$ 9,619,282.26

20,000,000.00

345,240,00 3,477,674.20

3,822,914,20

434,219,271.42

50,482,176.32 4,165,824.43

3,535,262.00

16,872,003.22

10,000,000.00

25,999,564.29 528,402,098.46

$578,716,298.14

Notes: (i) The Development Loan Fund balance ($545,586,131.79) the Fund's portion of the cost ($8,291,562.04) of Kwun of and by including outstanding premia instalments (ii) Does not include the value of nine unsold Kwun Tong (iii) The Capital items comprise 6,000 shares (each of 100 and Loan Agency Limited and $10,000,000 in the Hong

at March 31, 1966 was adjusted on April 1, 1966 by eliminating Tong Reclamation which has been completed and largely disposed ($18,886,735.32) on disposed of lots.

Reclamation lots.

of which $50 per share has been paid up) in The Hong Kong Building Kong Export Credit Insurance Corporation.

Summary of Receipts and

Payments for 1966-7

1. Receipts:

Loan repayments

Interest on Loans

Interest on Investments and Balances

Interest on Land sales premia

Land sales premia, Kwun Tong Reclamation

LESS

2. Payments:

Premia Adjustments (Net)

Loans and Capital (Net)

3. Deficit

:

:

:

:

:

:

:

:

:

:

:

:

:

$578,716,298.14

$11,029,938.17

19,512,831,71

1,819,929.93

946,628.96

2,168,732.10

$35,478,060.87

27,734.40 39,627,087.20

39,654,821.60

$ 4,176,760.73