Enclosure No.2.
236
FINANCIAL POSITION 1936.
Estimates.
Deficit on estimates for 1936 @ 1/8.
Deduct net result of pruning P.W.D.,
P.W.R. & P.W.E. estimates.
•
$2,926,303:00
164,600:00
$2,761,703:00
If dollar is @ 1/3 then add for
sterling commitments.
3,000,000:00
$5,761,703:00
Military Contr.
kaid on Trade Loan $500,000:00 less
100,000:00
400,000:00
$5,361,703:00
Conventional dollar taxes
Add to estimate of
Less
Liquor. Tobacco.
·
Light dues.
Military Contr.
200,000:00
850,000:00
120,000:00
$1,170,000:00
234,000:00
936,000:00
$4,425,703:00
Deficit on year's working.
•
Dollar and sterling salary cuts
(Sterling) (Dollar).
·
·
•
931,475:00 212,000:00
1,143,475:00
Deficit on year's working (after salary cuts). $3,282,228:00
B.
Surplus and Deficit Account
Approximate excess of assets (1:1:36).
•
•
$12,248,755:00
•
Deficit on year's working (without salary
cuts).
Estimated excess of assets (without
salary cuts) (31:12:36)
4,425,703:00
•
7,823,052:00
Salary cuts.
•
1,143,475:00
Estimated excess of assets with salary cuts
(31:12:36). .
$8,966,527:00