ADVANCES.
16. The balance of the sum advanced for the purchase of three locomotives for the Chinese Section of the Kowloon-Canton Railway, which stood at $27,468.26 on 31st December, 1935, was repaid in March, 1936.
17. During the year Unallocated Stores varied as follows:
Balance at 31st December 1935 1936 Public Works Department $519,409 $529,596 Kowloon Canton Railway $137,496 $123,462 $656,905 $653,058TRADE LOAN ACCOUNT.
18. During the year one sum of $2,200 was received on Capital Account and three items of $71,000, $126,500.50 and $50,000 were written off as irrecoverable, reducing the amount outstanding to $298,800. The total capital now written off amounts to $383,763.80. The reserve account at 31st December, 1936, stood at $837,313.59 and, therefore, exceeds the capital outstanding by $538,513.59.
The following table shows the financial position of this account as at 31st December, 1936:
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 3,408,560.02 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 1935 2,200.00 1936 $14,951,019.17 Less amount written off as irrecoverable $682,563.80 $383,763.80 Total of Loans outstanding on 31st December, 1936 $298,800.00