A (1) 22
Interest in arrears on 31st December, 1926.....
$117,369.42
31st December, 1927...
206,818.64
31st December, 1928...
321,121.10
31st December, 1929.....
416,237.93
31st December, 1930.....
398,641.94
31st December, 1931.
307,152.89
31st December, 1932......
209,087.15
31st December, 1933.
195,714.76
31st December, 1934........... 178,789.42
Total number of Loans issued since 16th November, 1925...302
Less number redeemed in 1926.. 34
1927.... 85
1928.... 87
1929.... 29
1930.... 35
1931..... 13
1932.... 11
1933.... 1
1934.... 1
Number of Loans outstanding on 31st December, 1934...... 296
19. The inscribed Stock Loans of 1893 and 1906 amounting to £1,485,733 were redeemed on 15th October.
The 4% Conversion loan raised in 1933 amounted to $4,838,000 and the sinking fund established in 1934 amounted at 31st December last to £12,311.
In July 1934 a 3% dollar loan was raised to finance certain public works (see para 15) and to redeem a portion of the sterling inscribed stock. Bonds to the amount of $14,000,000 were issued at 99% producing $13,860,000. The loan bears 3¼% interest and is redeemable by drawings at par in each of the twenty-five years commencing in 1935 at the annual rate of one twenty-fifth of such issue.
Ordinance No. 11 of 1934 governs this issue and authorises the Governor to borrow up to a total of $25,000,000. The total public debt of the Colony on 31st December, 1934 amounted to $18,838,000--equal to about 8 months revenue as things are at present.
Page 75
Page 76
A (1) 22
Interest in arrears on 31st December, 1926.....
$117,369.42
31st December, 1927...
206,818.64
19
31st December, 1928...
321,121.10
}}
"
31st December, 1929.....
416,237.93
19
**
31st December, 1930.....
398,641.94
**
31st December, 1931.
307,152.89
J
**
31st December, 1932......
209,087.15
>>
31st December, 1933.
195,714.76
} ?
>>
31st December, 1934........... 178,789.42
Total number of Loans issued since 16th November, 1925...302
Less number redeemed in 1926..
.34
1927....
.85
3,
""
1928.
.87
''
,,
71
1929...
.29
>>
""
"
1930.
.35
>>
15
1931.....
.13
1932....
11
32
1933....
1
""
1934.
1
> }
Number of Loans outstanding on 31st December, 1934......
PUBLIC DEPT.
296
6
19. The inscribed Stock Loans of 1893 and 1906 amounting to £1,485,733 were redeemed on 15th October.
The 4% Conversion loan raised in 1933 amounted to $4,838,000 and the sinking fund established in 1934 amounted at 31st December last to £12,311. 2. 1.
In July 1934 a 3% dollar loan was raised to finance certain public works (see para 15) and to redeem a portion of the sterling inscribed stock. Bonds to the amount of $14,000,000 were issued at 99% producing $13,860,000. The loan bears 34% interest and is redeemable by drawings at par in each of the twenty-five years commencing in 1935 at the annual rate of one twenty-fifth of such issue.
Ordinance No. 11 of 1934 governs this issue and authorises the Governor to borrow up to a total of $25,000,000. The total public debt of the Colony on 31st December, 1934 amounted to $18,838,000--equal to about 8 months revenue as things are at
present.
Page 75Page 76
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