AnnualReport-1934 — Page 74

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A (1) 21

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 $300,000 to $147,468.26.

17. During the year the Unallocated Stores varied as under:

Balance at 31st December

1933 1934 Public Works Department $486,713 $573,052 Kowloon-Canton Railway 187,917 170,372 $674,630 $743,424

TRADE LOAN ACCOUNT.

18. During the year the number of outstanding loans was reduced by one from seven to six.

Instalments on account of Capital outstanding were obtained in respect of two other loans. The total reduction in Capital outstanding was $21,000, i.e., from $574,500.50 to $553,500.50. The total Capital now written off amounts to $136,263.30.

Efforts to procure redemption and, on one or two bad loans, a sale came to nothing. The Reserve account increased steadily and now amounts to $1,073,017.94 which exceeds the Capital outstanding by $519,517.44.

The following table shows the financial position of this account as at 31st December, 1934:

Loans Issued since 16th November, 1925, on approved securities $15,633,582.97 Less Redemptions effected during the years 1926 $2,604,930.00 1927 4,845,879.76 1928 3,403,560.02 1929 1,356,536.86 1930 1,280,842.65 1931 832,241.62 1932 451,828.26 1933 147,000.00 1934 21,000.00 $14,943,819.17 $689,763.80 Less amount written off as irrecoverable.... 136,263.30 Total of Loans outstanding on 31st December, 1934 $553,500.50

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A (1) 21 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 $300,000 to $147,468.26. 17. During the year the Unallocated Stores varied as under: Balance at 31st December 1933 1934 Public Works Department $486,713 $573,052 Kowloon-Canton Railway 187,917 170,372 $674,630 $743,424 TRADE LOAN ACCOUNT. 18. During the year the number of outstanding loans was reduced by one from seven to six. Instalments on account of Capital outstanding were obtained in respect of two other loans. The total reduction in Capital outstanding was $21,000, i.e., from $574,500.50 to $553,500.50. The total Capital now written off amounts to $136,263.30. Efforts to procure redemption and, on one or two bad loans, a sale came to nothing. The Reserve account increased steadily and now amounts to $1,073,017.94 which exceeds the Capital outstanding by $519,517.44. The following table shows the financial position of this account as at 31st December, 1934: Loans Issued since 16th November, 1925, on approved securities $15,633,582.97 Less Redemptions effected during the years 1926 $2,604,930.00 1927 4,845,879.76 1928 3,403,560.02 1929 1,356,536.86 1930 1,280,842.65 1931 832,241.62 1932 451,828.26 1933 147,000.00 1934 21,000.00 $14,943,819.17 $689,763.80 Less amount written off as irrecoverable.... 136,263.30 Total of Loans outstanding on 31st December, 1934 $553,500.50
Baseline (Original)
A (1) 21 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 $300,000 to $147,468.26. 17. During the year the Unallocated Stores varied as under: Balance at 31st December Public Works Department Kowloon-Canton Railway 1933 $486,713 1934 $573,052 187,917 170,372 $674,630 $743,424 TRADE LOAN ACCOUNT. 18. During the year the number of outstanding loans was reduced by one from seven to six. Instalments on account of Capital outstanding were obtained in respect of two other loans. The total reduction in Capital outstanding was $21,000, i.e., from $574,500.50 to $553,500.50. The total Capital now written off amounts to $136,263.30. Efforts to procure procure redemption and, on one or two bad loans, a sale came to nothing. The Reserve account increased steadily and now amounts to $1,073,017.94 which exceeds the Capital outstanding by $519,517.44. The following table shows the financial position of this account as at 31st December, 1934:- Loans Issued since 16th November, 1925, on approved securities Less Redemptions effected during the years $15,633,582.97 1926 1927 1928 1929 1930 1931 1932 1933 1934 $2,604,930.00 4,845,879.76 3,403,560.02 1,356,536.86 1,280,842.65 832,241.62 451,828.26 147,000.00 21,000.00 14,943,819.17 689,763.80 Less amount written off as irrecoverable.... Total of Loans outstanding on 31st December, 136,263.30 1934 $553,500.50
2026-05-09 15:19:48 · Baseline
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A (1) 21

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 $300,000 to $147,468.26.

17. During the year the Unallocated Stores varied as under:

Balance at 31st December

Public Works Department Kowloon-Canton Railway

1933 $486,713

1934

$573,052

187,917

170,372

$674,630

$743,424

TRADE LOAN ACCOUNT.

18. During the year the number of outstanding loans was reduced by one from seven to six.

Instalments on account of Capital outstanding were obtained in respect of two other loans. The total reduction in Capital outstanding was $21,000, i.e., from $574,500.50 to $553,500.50. The total Capital now written off amounts to $136,263.30.

Efforts to procure

procure redemption and, on one or two bad loans, a sale came to nothing. The Reserve account increased steadily and now amounts to $1,073,017.94 which exceeds the Capital outstanding by $519,517.44.

The following table shows the financial position of this account as at 31st December, 1934:-

Loans Issued since 16th November, 1925, on

approved securities

Less Redemptions effected during the years

$15,633,582.97

1926

1927

1928

1929

1930

1931

1932

1933

1934

$2,604,930.00

4,845,879.76

3,403,560.02

1,356,536.86

1,280,842.65

832,241.62

451,828.26

147,000.00

21,000.00

14,943,819.17

689,763.80

Less amount written off as irrecoverable....

Total of Loans outstanding on 31st December,

136,263.30

1934

$553,500.50

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