(د)
and although as will be seen from the statement
of Revenue and Expenditure our revenue has in-
creased considerably, it will increase far more
considerably when our plant is extended and we
work direct, not only with Java, but also Japan
and other countries equally distant.
11. The following state ent gives some idea of our increased activities during last year as com- pared with the previous two years.
Statement of Revenue and Expenditure
for the Bst three years :-
1925.
1926.
1927.
$
$
Revenue
81178
68133
123837
Expenditure
71741
62678
66949
Balance
$9437
$5455
$56888
12. For the three months working of the present
year, the revenue is still rising; steadily, and I
estimate the revenue will exceed expenditure by
$70000 by December 1928 and for 1929 a balance of
$100000 over expenditure may reasonably be expected if
my proposals are adopte.
13.
I submit that these results justify further
expenditure being incurred in bringing the station
up to present requirements, it is desirable to effect an
improvement this year, and I am submitting