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6. On most other heads, however, the expenditure exceeded the estimate mainly as a result of the fall in exchange—the estimates being based on a rate of 1s. 4d. = 1 dollar whereas the Treasury rate averaged 1s. 1d. = 1 dollar.
7. Debt. The total amount of sterling debt outstanding at the close of 1931 was £1,485,782. 16s. 5d.; the sinking fund for its redemption amounting to £707,585. There is also the 1927 Public Works Loan of $4,927,000; the sinking fund for which amounted at the end of 1931 to £89,975.
8. The Assets and Liabilities of the Colony on the 31st December, 1931, are shown in the following statement:-
LIABILITIES $ ASSETS $ DEPOSITS :- Contractors and Officers Deposits.. Suitors Fund Miscellaneous Deposits Postal Agencies Suspense Account Exchange Adjustment.. Trade Loan Reserve 415,261.81 590,712.07 2,611,171.02 1,451.91 923,010.85 332,099.29 Praya East Reclamation! Coal Account Crown Agents-Overdraft... ADVANCES: On account of Future Loan Purchase of three Locomotives for Chinese Section Kowloon-Canton Railway Miscellaneous 1,045,389.41 142,642.33 2,672.68 1,357.16 Building Loans Imprest Account................ Subsidiary Coin 1,296,805.90 1,363,434.80 41,588.44 INVESTMENTS:- Surplus Fund Crown Agents Remittances.... Trade Loan (Railway) Outstanding 3,484,014.01 447,468.26 83,036.70 1,053,924.31 6,330.31 Unallocated Stores, (P. W. D.),...... Unallocated Stores, Lorry Haulage Account 517,248.14 163,545.31 1,743.26 Total Liabilities... 6,065,769.53 CASH BALANCE:- Treasurer * Joint Colonial Fund.. Fixed Deposits 3,588,678.89 2,303,999.99 1,828,999.92 Excess of Assets over Liabilities 11,347,629.47 Total .............. $ 17,413,398.00 Total .............. $ 17,413,398.00* Joint Colonial Fund £159,000 0s. 0d.