14. The balance of moneys not required to meet current requirements was lent to the Joint Colonial Fund which amounted to £157,000 and is shown in the above statement $2,241,190. This fund is replenished by remittances from the Treasury and is drawn on from time to time as required by the Crown Agents.
15. The cash balance of $3,574,680 with the Treasurer included $700,211 held by the Official Receiver on account of Companies Liquidation and Bankruptcy. This latter figure also forms part of the sum of $2,268,354 shown under Miscellaneous Deposits as a liability.
16. The Surplus Fund $1,610,714 represents the market value of the stocks as at 31st December 1933 and was invested as follows:
AMOUNT OF STOCK, &C. NOMINAL VALUE COST PRICE MARKET VALUE STERLING INVESTMENTS Canada (1930-50) 3% Stock £7,139.1.1 £7,143.15.2 £7,031.19.4 India, (1936-38) 5½% 17,046.15.10 17,482.8.3 18,240.8.0 Kenya, (1950) 3½% 5,000.0.0 4,734.17.1 5,600.0.0 Newcastle Corporation, (1945-55) 4½% New Zealand, (1932-34) 5% Bonds 10,000.0.0 9,600.0.0 10,700.0.0 New Zealand, (1949-54) 3½% 9,633.13.9 9,495.13.8 9,826.7.2 Queensland, (1940-60) 5% Stock 20,000.0.0 20,000.18.0 19,800.0.0 Union of South Africa, (1933-43) 5% 29,009.16.10 28,719.14.11 31,040.10.7 £112,833.17.9 £117,829.7.6 £107,771.19.9* Part payment.
+ No quotation.
ADVANCES
17. On account of Future Loan.
This money has been expended as under:
Aberdeen Water Scheme $2,499,625.70
Aerodrome $20,485.92
New Gaol at Wong Ma Kok $162,244.36
Shing Mun Valley Scheme 1st Section $636,765.59
Shing Mun Valley Scheme 2nd Section: Preliminary Works $36,718.84
Filters $120,045.23
Gorge Dam $1,454,242.57
Vehicular Ferry $1,741,650.70
Tytam Tuk Catchwater $252,992.91
Air Port and Slipway, &c. $9,702.31
$6,934,474.13