ENG-1971 — Page 358

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283

Contd

Structure)

Appendix 18 (Chapter 3: Financial

Development Loan Fund

Statement of Assets

LIABILITIES

Development Loan Fund:

As at April 1, 1970

Add: (a) Recurrent Receipts from April 1, 1970 to March

31, 1971

(b) Kwun Tong Reclamation Land Sales, 1970-1 (c) Loan stock received in lieu of interest (Cross-Harbour

Tunnel)...

Less: Loss due to irrecoverable loans

and

Liabilities as at March 31, 1971

Cash:

ASSETS

In Treasuries, Departments and Banks in Hong Kong

$654,114,736.5 Fixed Deposits

$26,578,023.31 225,000.00

1,245,000.00

28,048,023.31

550.00

28,047,473.3;

$682,162,209.8.

Investments:

Local

Kwun Tong Reclamation: Outstanding premia (1)

Outstanding Loans and Capital Projects for:

Housing (2)

Educational

University Students

Fisheries

Medical

Export Credit Insurance (2)

Cross-Harbour Tunnel (3) Miscellaneous purposes

$517,790,962.11 57,102,158.35 6,223,159.50

3,359,444,39

2,868,371,00

$ 3,539,899.88 33,000,000.00

2,132,500.00

6,687,582.21

10,000,000.00

17,212,500.00

22,245,632.45 636,802,227.80

$682,162,209.89

"

Notes:

1) Does not include the value of 6 unsold Kwun Ton. (2) The Capital Projects comprise 13,500 shares of $10 Limited and $10,000,000 in the Hong Kong Expo (3) This figure is made up as follows:

Reclamation lots.

each fully paid in the Hong Kong Building and Loan Agency Credit Insurance Corporation.

(a) $13,770,000 10 per cent Convertible Unsecured Loan Stock. (b) 3,442,500 Fully paid up Ordinary Shares.

$17,212,500

Statement of Receipts and Payments for the year ended March 31, 1971

DETAILS

RECEIPTS

Recurrent:

Interest on Loans

Interest on Investments and balances

Interest on Land sales premia

Kwun Tong Reclamation-Premia Adjustment

Carried to Statement of Assets and Liabilities...

Non-Recurrent:

Loan repayments

Land sales premia, Kwun Tong Reclamation

Non-Recurrent:

Loans

Deposits-Hong Kong Government

Total Receipts

PAYMENTS

Total Payments

:

:

::

:

:

Approved Estimate

$

Actual Receipts/ Payments $

25,810,000

24,801,079.76

281,000 539,000

912,325.40

476,090.15

388,528.00

26,630,000

26,578,023.31

17,046,000 1,169,000

18,215,000

44,845,000

16,889,725.47

2,787,489.49

19,677,214.96

46,255,238.27

38,443,000

22,559,002.16 996.56

38,443,000

22,559,998.72