STATEMENT OF ACCOUNT AS AT 31st DECEMBER, 1931.
"Locomotive Loan Account covering a group of three locomotives, the property of the Hong Kong Government pending payment for same by the Kwang Tung Provincial Government. Vide Agreement dated 1st August, 1929.
Particulars
Cost of three tender locomotives including freight, landing charges, erection &c. up to 31/12/30 $ 447,722.99 Expenditure during 1931 Workshop debit-Transfer No. 36... $ 97.31 Expenditure -Voucher No. 139, April $ 39.65 Workshop debit-Transfer No. 96. $ 2,088.36 Less Credits :- Rebate of freight Crown Agents' A/c. for February. $ 2,225.32 449,948.31 Interest on "Loan Account up to date of completion of trials, viz., 20/4/31 $ 1.05 for period from 21/4/31. to 30/6/31. $ 1,256.04 $ 1,222.96 1/7/31. to 31/12/31. $ 2,480.05 Total cost of Locomotives. $ 447,468.26 21,404.55 5,479.37 14,150.41 488,502.59 12,434.82 476,067.77 Less Depreciation allowed from date of handing locomotives over to traffic, viz., from 3rd May to 31st December, 1931 @ 4% p.a. on totals of $470,095.77 Balance of Locomotive Account at 31/12/31.UNALLOCATED STORES.
To Stock in hand on 1st January, 1931 $ 142,179.81 Goods received from Crown Agents during 1931 $ 88,833.72 Goods purchased locally $ 400,420.44 631,433.97 By Goods issued to Works... $ 465,122.01 sold (Book value exclusive of profit). Balance of Stock on 31st December, 1931 carried to 1932 $ 2,766.65 Unallocated Stores Railway Miscellaneous Advances. $ 163,545.31 631,433.97Unallocated Stores Railway Miscellaneous Advances.
To payment of Custom Duties for Northern Feather Works Co., Canton .. $ 5,668.51 By Northern Feather Works Balance 1930.. $ 5,668.51 $ 818.51 Less Police Department debit. $ 450.00 Credit received from Police Dept. for constructing an Albion Chassis $ 368.51 ** Deposit received from Northern Feather Works Co. against payment of Custom Duties at Kowloon... $ 4,850.00 5,668.51Page 705
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