8. Public Debt. The annual contribution of $166,911 to the 4% Conversion Loan Sinking Fund was as usual invested in sterling securities. A sum of $560,000 was expended in redeeming 3¼% Dollar Loan Bonds at par in accordance with the terms of the Ordinance governing this issue.
It was again found unnecessary to issue during 1938 any of the remaining $11,000,000 of Bonds authorized by the Ordinance, as the works covered by this Loan were financed without difficulty by an advance from the surplus revenues of the Colony.
A statement of the Colony's Funded Public Debt outstanding on 31st December, 1938, is shown in Financial Return No. 11.
9. The following Financial Returns are intended to show the 1938 results in comparison with the estimates and with the results of previous years.
1. Chart of actual revenue and expenditure for the years 1929 to 1938.
2. Statement of Assets and Liabilities on 31st December, 1938.
3. Actual Revenue compared with estimate and with previous year.
4. Principal increases and decreases in Revenue.
5. Chart showing fluctuations of Revenue under Heads during past ten years.
6. Actual expenditure compared with estimate and with previous year.
7. Percentages on the various Heads of Expenditure to the total for the past five years.
8. Statement of Expenditure on 3% Dollar Loan Account at 31st December, 1938.
9. Statement of Advances on Loan Works pending reimbursement from proposed new Loan.
10. Statement of Trade Loans as at 31st December, 1938.
11. Statement of Funded Public Debt outstanding on the 31st December, 1938.
Treasury March 3rd, 1939.
T. BLACK,
Accountant-General.
A 7
8. Public Debt. The annual contribution of $166,911 to the 4% Conversion Loan Sinking Fund was as usual invested in sterling securities. A sum of $560,000 was expended in redeeming 34% Dollar Loan Bonds at par in accordance with the terms of the Ordinance governing this issue.
It was again found unnecessary to issue during 1938 any of the remaining $11,000,000 of Bonds authorized by the Ordinance, as the works covered by this Loan were financed without difficulty by an advance from the surplus revenues of the Colony.
A statement of the Colony's Funded Public Debt outstanding on 31st December, 1938, is shown in Financial Return No. 11.
9. The following Financial Returns are intended to show the 1938 results in comparison with the estimates and with the results of previous years.
1.
Chart of actual revenue and expenditure for the years 1929 to 1938.
2. Statement of Assets and Liabilities on 31st December, 1938.
3. Actual Revenue compared with estimate and with previous year.
4. Principal increases and decreases in Revenue.
5. Chart showing fluctuations of Revenue under Heads during past ten
years.
6.
Actual expenditure compared with estimate and with previous year.
7. Percentages on the various Heads of Expenditure to the total for the
past five years.
8. Statement of Expenditure on 3% Dollar Loan Account at 31st
December, 1938.
9. Statement of Advances on Loan Works pending reimbursement from
proposed new Loan.
10. Statement of Trade Loans as at 31st December, 1938.
11: Statement of Funded Public Debt outstanding on the 31st December,
1938.
Treasury March 3rd, 1939.
T. BLACK,
Accountant-General.
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