122
18
17. During the year the Unallocated Stores varied under :-
Balance at 31st December
1930.
1931.
Public Works Department $546,580 $517,248 Kowloon Canton Railway... 141,811 163,545
688,391 680,793
SUBSIDIARY COIN.
as
18. The amount shown in the Statement was made up as
under.
50 cents
20
}}
10
5
19
copper
373.50 124,521.40
1,169,339.70
1,696.30
875.-
$1,296,805.90
19. A new one cent piece was coined during the year and The new piece is of put into circulation on the 1st December, mixed metal (bronze) weighing grains 62.5 (Grammes 4.050) and is much smaller than the old one cent piece which weighs grains 115.75 (Grammes 7.501). Its appearance met with warm ap- proval by the public and it was necessary immediately to indent for further supplies. The nominal amount of Subsidiary Coin in circulation was $17,924,370.
TRADE LOAN,
20. Thirteen loans were paid off reducing the number out- standing at the end of the year to nineteen amounting to $1,232,579.76. Up to the 31st December 1931 $14,323,990.91 of the amount of $15,633,582.97 outstanding had been recovered. It was again found necessary in three cases to resort to enforce- ment of securities. Power of sale was duly exercised as favour- able opportunities arose, the principal sums lent were fully recovered, overdue interest being foregone.
21. The Working Account or Reserve to which interest is credited increased by $154,382.09 to $1,045,389.41 and is now only $187,190.35 short of the Capital Account at the end of the year.
19
22. The following table shews the position as at 31st Decem- ber, 1931:-
Loans issued since 16th November, 1925 on
approved securities
Less Redemptions effected during the years
$15,633,582.97
1926
$2,604,930.00
1927
4,845,879.76
1928
3,403,560.02
1929
1,356,536.86
1930
1,280,842.65
1931
832,241.62
14,323,990.91
Total.....
Less amount written off as irrecoverable
Total of Loans outstanding on 31st December
1931
$ 1,309,592.06
77,012.30
$
$ 1,232,579.76
Interest in arrears on 31st December 1926
117,369.42
31st
1927
11
206,818.64
•
"
31st
1928
321.121.10
"
31st
1929
17
416,237.93
31
31st
1930
398,641.94
31st
1931
12
++
307,152.89
Total number of Loans issued since 16th November, 1925-302
Less number redeemed in 1926
:
::
13
1927
1928
11
1929
1930
1931
"
35
J
1
Number of Loans outstanding on 31st December 1931..
34
85
87
29
35
13
283
2 2 8 Q R
19
123