A (1) 19
Interest in arrears on 31st December, 1926
$117,369.42
206,818.64
31st December, 1927
31st December, 1928
321,121.10
11
31st December, 1929
416,237.93
31st December, 1930
398,641.94
19
? 1
31st December, 1931
307,152.89
31st December, 1932
209,087.15
1,
Total number of Loans issued since 16th November, 1925 ... 302
Less number redeemed in 1926... 91
C
17
"1
34
1927.. 85
1
1928. 87
1929.. 29
1930. 35
1931... 13
1932... 11
294
8
Number of Loans outstanding on 31st December, 1932
## PUBLIC DEBT.
23. The inscribed Stock Loans of 1893 and 1906 amounted to £1,485,733 and the Sinking Fund stood at £832,751 as against £761,447 at the end of 1931.
The Public Works Loan (Ordinance No. 14 of 1927) amounted to $4,927,000. $3,000,000 of this loan was issued locally at par on November 1st 1927. The second issue was made on November 1st 1928 at a premium of 3%— Bonds to the nominal value of $1,927,000 being allotted. The Sinking Fund amounted to £125,792 as against £98,036 at the end of 1931.
## NOTE CIRCULATION.
24. The local circulation of notes and specie in Reserve of the three banks having authorized issues were as follows at 31st December:-
Note in Circulation. Specie in Reserve. Hong Kong & Shanghai Banking Corporation $130,222,853 $112,000,000 Chartered Bank of India, Australia and China 21,058,643 8,300,000 Mercantile Bank of India Limited 2,330,109 1,350,000 Total $153,611,605 $121,650,000