Notes Payable	6 Months Ended
Sep. 30, 2012
Note Payable
Notes Payable	3. Notes Payable a) As of September 30, 2012, the Company had an outstanding note payable of $9,994 (March 31, 2012 - $9,994) to the President and Director of the Company. Under the terms of the note, the amount owing is unsecured, due interest at 10% per annum and due on demand. As at September 30, 2012, accrued interest of $2,199 (March 31, 2012 - $1,698) has been recorded in accrued liabilities. b) As of September 30, 2012, the Company had outstanding note payables of $62,407 (March 31, 2012 - $62,407) to related parties. Under the terms of the notes, the amounts owing are unsecured, due interest at 10% per annum and due on demand. As at September 30, 2012, accrued interest of $13,030 (March 31, 2012 - $9,901) has been recorded in accrued liabilities. c) On September 16, 2012, the Company issued a note payable to a non-related party for $10,000. Under the terms of the note, the amount owing is unsecured, due interest at 10% per annum, and due on demand. As at September 30, 2012, accrued interest of $41 (March 31, 2012 - $nil) has been recorded in accrued liabilities.

Notes Payable

6 Months Ended

Sep. 30, 2012

3. Notes Payable

a) As of September 30, 2012, the Company had an outstanding note payable of $9,994 (March 31, 2012 - $9,994) to the President and Director of the Company. Under the terms of the note, the amount owing is unsecured, due interest at 10% per annum and due on demand. As at September 30, 2012, accrued interest of $2,199 (March 31, 2012 - $1,698) has been recorded in accrued liabilities.

b) As of September 30, 2012, the Company had outstanding note payables of $62,407 (March 31, 2012 - $62,407) to related parties. Under the terms of the notes, the amounts owing are unsecured, due interest at 10% per annum and due on demand. As at September 30, 2012, accrued interest of $13,030 (March 31, 2012 - $9,901) has been recorded in accrued liabilities.

c) On September 16, 2012, the Company issued a note payable to a non-related party for $10,000. Under the terms of the note, the amount owing is unsecured, due interest at 10% per annum, and due on demand. As at September 30, 2012, accrued interest of $41 (March 31, 2012 - $nil) has been recorded in accrued liabilities.

HARBOR ISLAND DEVELOPMENT CORP. 10-Q