Goh Joon Seng J

The plaintiff's claim as appears in the statement of claim filed herein is for the sum of 1,007,858.38 comprising three amounts as follows: (i) $710,673.76; (ii) $170,000; (iii) $127,184.62.

The said sum of $710,673.76 is the balance of the plaintiff's claim for an advance to the defendant, and money paid by the plaintiff to finance the defendant in the purchase of materials and equipment required by the defendant and the payment of wages for the execution of the defendant's contract with the Housing and Development Board ('HDB') for Batch 5 works to replace existing mild steel water tanks with fibre glass polyester water tanks. The financing arrangement is evidenced by an agreement ('the financing agreement') dated 31 July 1987. The $710,673.76 is arrived at as follows: (a)amount advanced to the defendant$ 300,000 (b)add amount expended by the plaintiff for purchase of materials and equipment and payment of wages$2,933,649.96 (c)minus repayment received from the defendant$2,522,976.20 Total $ 710,673.76

The said sum of $170,000 referred to is for agreed consideration payable to the plaintiff under cl 1 of the financing agreement for financing the Batch 5 w