6. The following statement shows the Liabilities and Assets on the 31st December, 1920:

LIABILITIES.

$ C. ASSETS. $ C.

Deposits not Available, 907,860.72 Subsidiary Coins, 662,327.99

Advances, 445,032.30 Crown Agents' Building Loans, 296,500.00

Advances, 164,970.96 Imprest, 13,933.24

House Service A/c., 6,680.09 Postal Agencies, 9,751.29

Unallocated Stores, (P. W. D.), 298,721.29 Shipping Control A/c., 2,231,204.11

Unallocated Stores, (Railway), 230,279.63 Suspense Account, 15.00

Coal Account, 339,830.74 Investment Account, 4,932,833.56

Balance Bank, 575,074.03 Crown Agents' Current Account, 2,855.52

Total Liabilities, 3,313,802.08 Balance, 4,490,266.31

Total $7,804,068.39 Total $7,804,068.39

7. The following table shows the Revenue and Expenditure during the last five years:

1916 1917 1918 1919 1920 Revenue $13,833,386 $15,058,105 $18,665,248 $16,524,975 $17,915,925 Expenditure $11,079,914 $14,090,828 $16,252,172 $14,689,672 $14,489,594 Surplus $2,753,472 $967,277 $1,835,303 $3,426,331 Deficit $2,413,076

PUBLIC DEBT.

8. The Inscribed Stock Loans of 1893 and 1906 amount to £1,485,732 and the Sinking Fund now stands at £338,687 being £28,218 more than the amount at credit of that fund at the end of 1919.

The local Loan (under Ordinance No. 12 of 1916) stands at $3,000,000 with a Sinking Fund of $438,203 and £84,751 sterling.

GENERAL REMARKS.

9. There was no alteration of importance in taxation during 1920.

10. The total receipts and payments in the Treasury books during the year were $24,179,649 and $23,601,719 respectively.

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