1933.
1934.
1935.
1936.
1937.
8
75
Interest and Sinking Fund 64% on $14,000,000 $ 910,000
do
do
- do
do
-
18,500,000 1,202,500
23,000,000
1,495,000
25,000,000
1,625,000
26,650,000 1,732,250
Including the present sterling loan outstanding the
Colony's commitments in Interest and Sinking Fund would be :-
Interest p.a.
Sinking Fund p.a.
Interest p.a.
Sinking Fund p.a.
1931
1932.
1933
1934
$1,343,160 $1,483,160 $1,673,160 $1,875,660
577,146
630,146 630,146
667,146
$1,973,306 $2,113,306 $2,250,306 $2,542,806
1935.
$2,078,160 $2,168,160
757,146
1936.
1937.
$2,242,410
797,146
830,146
$2,35,306 $2,965,306
$2,965,306 $3,072,556
The sinking fund figures would require to be
reduced a little as the present sinking fund on P. W. Loan has been set aside at 6.66% of the capital and the total accumulation could be utilised either to increase the sinking
fund of the new loan or to reduce the total amount then to
be borrowed. In 1932 this sinking fund will amount to
approximately $2,000,000.
annua.
The difference between the amount of $3,072,556
shown above in 1937 and the amount of $1,973,306 for 1931 viz. $1,099,250 represents the total final addition to the Colony's/liabilities on account of loan charges. From 1937 onward to 15th April, 1943 the interest and sinking fund charges would remain constant. On the 15th April 1943 the Colony's sterling loan of £1,485,733 is due to be paid
off from its accumulated sinking fund and the position thereafta
would be
Debt outstanding $26,650,000 or @ls.od. = £1,332,500
Interest per annum
Sinking Fund
$1,199,250
533,000
$1,732,250