- A (1) 5
7. The following table shows the Revenue and Expenditure during the last five years:
1925 1926 1927 1928 1929 $ $ $ $ $ Revenue 23,244,365 21,131,582 21,344,536 24,968,399 23,554,475 Expenditure 28,266,817 23,524,716 20,845,065 21,230,242 21,983,257 Surplus 499,471 3,738,157 1,571,218 Deficit 5,022,452 2,393,134PUBLIC DEBT.
8. The Inscribed Stock Loans of 1893 and 1906 amounted to £1,485,733 and the Sinking Fund stood at £674,622 being £43,571 more than the amount at credit of that fund at the end of 1928.
The Public Works Loan (Ordinance No. 14 of 1927) amounted to $4,927,000. The first part of this Loan was issued locally at par on November 1st, 1927, and Bonds were allotted to the value of $3,000,000. The second part was issued on November 1st, 1928, at a premium of 3 per cent—Bonds to the nominal value of $1,927,000 being allotted. The Sinking Fund amounted to £51,320 being £30,654 more than the amount at credit of the fund at the end of 1928.
GENERAL REMARKS.
9. The total receipts and payments in the Treasury Books during the year were $49,993,832 and $50,195,191 respectively. The figures not accounted for under revenue and expenditure relate to transactions under various heads such as Deposits, Advance, Subsidiary Coin, Unallocated Stores, etc.
10. Subsidiary Coins in stock on 31st December, were as follows:-
20 cents $83,272 10 cents 1,677,837 5 cents 35,168 Copper 19,010 Total $1,815,287Page 45
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