13. The Crown Agents had a small overdraft on current account at the end of year of £93. 13s. 2d. The balance of moneys not required to meet current requirements was lent to the Joint Colonial Fund which amounted to £159,000 and is shown in the above statement as $2,303,999. This fund is drawn on from time to time as required by the Crown Agents.
14. The cash balance of $3,588,678 with the Treasurer included $1,295,643 held by the Official Receiver on account of Companies Liquidation and Bankruptcy. This latter figure also forms part of the sum of $2,611,171 shown under Miscellaneous Deposits as a Liability.
15. The Surplus Fund $1,363,434 represents the market value of the stocks as at 31st December 1931 and was invested as follows:
AMOUNT OF STOCK, &C. NOMINAL VALUE. COST PRICE. MARKET VALUE. STERLING INVESTMENT. London County Council, (1945-85)41% Stock. £10,137.14. 0 £7,600. 0. 0 Natal, (1929-49)..... 3% £9,137. 2.0 (881) £8,971.17. 3 5,646. 7. 0 (69) 5,244. 0.0 Newcastle Corporation, (1945-55) 41% ?? Queensland, (1940-60) ...5 % Treasury Bond, (1932-4) 44% 10,000. 0. 0
29,009.16.10
50,972. 9. 5 9,600. 0. 0(90)
28,719.14.11 ((73)
50,993. 9.11 (971) 9,000. 0.0
21,177. 3. 6
49.698. 3. 2 £ 107,720, 0. 3 £104,096.13.10 £94,091. 3.11
ADVANCE ON ACCOUNT OF FUTURE LOAN.
16. This money has been expended as under :
Aberdeen Water Scheme.. $1,868,983.12 Aerodrome 740,331.42 Shing Mun Valley Scheme 1st Section... 367,961.85 Filters 3732
77
88,831.34 Vehicular Ferry 417,906.28 $3,484,014.01