Previous Year

1

EA

$

Current Year

2

2

$

$

2,205,311.30 I-1

Balance, net revenue I-2 Income from securities! I-3 Interest on Deprecia-

3,128,786.87

tion Reserves

(C)

6,710.04

Statement No. 3—INCOME.

Part Income Account.

Current Year Previous Year

1

EA

(B) 202,889.65

1- 8 Balance, net loss I. 9 Interest

on funded

debt

I-10 Interest on current

debt

I-11 Contractual dividends

(A) 117,852.19 I-12 Interest on Govern-

2,089,485.64

ment Investments

I-13 Loss on industrial

investment

I-14 Amortization of dis-

counts on

debt

I-15 Taxes

I-16 Rents payable

funded

I-17 Discount on depreciat-

ed currency

I-18 Exchange (Loss) Miscellaneous debits

I-19

Total

Balance

2,026.53 I-4 Profit on industrial

investments

I-5 Rents receivable

I-6 Exchange (gain)

I-7 Miscellaneous credits

[ 17 ]

202,889.65

2,207,337.83

2,932,607.26

Total

Balance

3,135,496.91

3,135,496.91

2,207,337.83

Total

3,135,496.91

(A) Interest on Special Expenditure up to 1939 3% on $3,367,205.48-$117,852.19. (B) Interest on Special Expenditure up to 1946/47 34% on $5,796,847.28 $202,889.65. (C) Interest on Depreciation Reserves up to 1947/48 33% on $191,715.31 $6,710.04.

2,207,337.83

Total

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