A 17
ADVANCES.
16. Purchase of three locomotives for the Chinese Section Kowloon-Canton Railway.
The Chinese Section commenced paying off this advance in July, 1932; at the rate of $10,000 per month and the original amount outstanding has been reduced from $447,468.26 by $420,000 to $27,468.26.
17. During the year the Unallocated Stores varied as under:-
Balance at 31st December
1934 1935 Public Works Department $573,052 $519,409 Kowloon-Canton Railway 170,372 137,496 $743,424 $656,905TRADE LOAN ACCOUNT.
18. During the year one sum of $5,000 was received on Capital Account reducing the amount outstanding to $548,500.50. The total capital now written off amounts to $136,263.30. The reserve account increased to $1,080,801.79 and therefore exceeds the capital outstanding by $532,301.29. It is possible that during the financial year 1936 the whole or a portion of this may be credited to revenue.
The following table shows the financial position of this account as at 31st December, 1935:-
Loans Issued since 16th November, 1925, on approved securities $15,633,582.97 Less Redemptions effected during the years 1926 4,845,879.76 1927 3,403,560.02 1928 1,356,536.86 1929 1,280,842.65 1930 832,241.62 1931 451,828.26 1932 147,000.00 1933 21,000.00 1934 5,000.00 $14,948,819.17 Less amount written off as irrecoverable 136,263.30 Total of Loans outstanding on 31st December, 1935 $548,500.50