Head 23.-PUBLIC DEBT
Head 23.-CHARGE ON ACCOUNT OF
PUBLIC DEBT
Approved Estimate, 1938.
Estimate, 1939.
$
$
$
$
91
Sub-heads
1 Interest on 4% Conversion Loan ($4,838,000)
Sinking Fund on above....
193,520
193,520
166,911
166,911
360,431
360,431
2 Interest on 3% Dollar Loan ($11,760,000 outstanding)
Redemption of Bonds (1/25 of $14,000,000 Third drawing).....'
431,200
411,600
(1)
560,000
560,000
991,200
971,600
Total Public Debt
1,351,631
1,932,031
(1) Interest calculated on $11,760,000 (Bonds outstanding).