Page 55
Economy
| When incurred and for what cause | State Provision for Payment of Interest or Sinking Fund, and refer to Enactments by which it is made | Amount of Original Debt | Amount repaid | Remarks |
|---|---|---|---|---|
| 1887. Public Works. | Ordinances Nos. 6 of 1886 and 1 of 1893. Interest at 4% per cent. | £200,000 0s 0d | £200,000 0s 0d | |
| 1893. Public Works. | Ordinances Nos. 1 and 2 of 1893. | £200,000 0s 0d | £1,799 15s 1d | |
| 1894. Stock created to defray expenses of conversion of the balance of the 1887 loan. | Converted into 3½% inscribed stock. Sinking fund: ten shillings per centum per annum on nominal amount, appropriated half-yearly from general revenues. Interest appropriated half-yearly from same source. | £1,143,933 13s 14d | In 1894 the balance of the 1887 loan was converted into 3½% inscribed stock. | |
| 1906. Loan to Chinese Provincial Government and for Railway Construction. | Ordinances Nos. 1 of 1893 and 11 of 1905. Joint sinking fund: ten shillings per centum on total nominal amount of inscribed stock, appropriated half-yearly from general revenues and assets. Interest appropriated half-yearly from same source. | $3,000,000 at 6% | ||
| 1916. Contribution to Imperial Government for war purposes. | Ordinance No. 12 of 1916. Interest at 4%. | $3,000,000 |
Remarks
In 1894 the balance of the 1887 loan was converted into 3½% inscribed stock.
The total amount of sterling debt outstanding at the close of 1924 was £1,485,732 16s 5d.
The sinking fund on the sterling amount amounted to £167,442 8s 7d.
Sinking Fund on 31st December 1924 amounted to $1,444,169.44 and £103,153 7s 10d.
Debts.
Rate of Interest,
(C9)
PUBLIC DEBT.
55
ñecomy.
When incurred and for what coUSO.
Stute Provision for Payment of Interest or Sinking Fund, and refer to Enactments by which it is made,
Amonni of Original Debt.
Amount repaid.
£ s. d.
200,000 0 0 4 per cen- 1887. Public Works, Ordinances Nos.
£ s. ¿. £ 200,000 0
s. d. 0,60,000 0. 0
tum.
6 of 1886 and 1 of 1893.
200,000 00 31
Ordinances Nos. 1 and 2 of 1893.
200,000 0
1,799 15 1 31
ท
Do.
1,799 15 1
1,143,933 13
14
$3,000,000 6
#1
Ordinances Nos. (1,143,933 1
Chinese Provincial ¦ 1 of 1893 mol 11
Goverumcut and for of 1905.
Railway Construe-
Joint sinking
tion.
fund : ten Fhil- lings per centum on the total no- | minal amount of the inscribed stock being appropriated half-yearly from general revenues and assets. Inter- est appropriated half-yearly from
the sume source.
Ordinance
to Imperial | 12 of 1916. Government for war
purposes.
No.
$3,000,000
4
Remarks.
In 1894 the balance of the 1887 loan was converted into 34% inscribed stock.
The total amornt of
sterling debt I ontstamling at the close of
1924
Was
£1,485,732,
[168, 5d.
The sinking fund ou the
Banne
lute
amounted to £167,442. 85. 7d.
|Sinking Fund on 31st December 1924 amounted
to $1,444,169.44 £103,153.
and
7s. 10.
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