CO129-525-3 Estimates 1931 and other financial papers 16-1-1930 - 1-9-1932 — Page 309

368

18

17. During the year the Unallocated Stores varied as

under :-

Balance at 31st December

1930.

1931.

Public Works Department $546,580 $517,248 Kowloon Canton Railway... 141,811 163,545

688,391 680,793

SUBSIDIARY COIN.

18. The amount shown in the Statement was made up as

under.

50 cents

20

10

"

$

373.50 124,521.40

1,169,339.70

19

22. The following table shews the position as at 31st Decem ber, 1931:-

Loans issued since 16th November, 1925 on

approved securities

Less Redemptions effected during the years

1926

1927

1928

1929

1930

1931

Total..

$15,633,582,97

$2,604,980.00

4,845,879.76

3,403,560.02

1,356,536.86

1,280,842.65

832,241.62

14,323,990.91

$ 1,309,592.06

77,012.30

5

17

JJ

copper

1,696.30

875.

$1,296,805.90

19. A new one cent piece was coined during the year and put into circulation on the 1st December. The new piece is of mixed metal (bronze) weighing grains 62.5 (Grammes 4.050) and is much smaller than the old one cent piece which weighs grains 115.75 (Grammes 7.501). Its appearance met with warm ap- proval by the public and it was necessary immediately to indent for further supplies. The nominal amount of Subsidiary Coin in circulation was $17,924,370.

TRADE LOAN.

20. Thirteen loans were paid off reducing the number out- standing at the end of the year to nineteen amounting to $1,232,579.76. Up to the 31st December 1931 $14,323,990.91 of the amount of $15,633,582.97 outstanding had been recovered. It was again found necessary in three cases to resort to enforce- ment of securities. Power of sale was duly exercised as favour- able opportunities arose, the principal sums lent were fully recovered, overdue interest being foregone.

21. The Working Account or Reserve to which interest is credited increased by $154,382.09 to $1,045,389.41 and is now only $187,190.35 short of the Capital Account at the end of the year.

Less amount written off as irrecoverable

Total of Loans outstanding on 31st December

1931

-

+1

11

$ 1,232,579.76

$

Interest in arrears on 31st December 1926

117,869.42

11

"J

31st

31st

1927

"J

206,818.64

1928

11

321.121.10

31

31st

1929

"I

416,237.98

""

31st

31st

1930

398.641.94

1931

11

307,152.89

•

Total number of Loans issued since 16th November, 1925-302

Less number redeemed in 1926

་་

11

34

1927

85

"

1928

87

11

19

1929

29

"t

1930

35

11

•

11

1931

13

་་

97

71

283

19

Number of Loans outstanding on 31st December 1981......

369