CO129-546-1 Loans for public works 6-1-1934 - 14-8-1934 — Page 42

A/1139

Sir,

42.

18th October, 1934.

With reference to your letter No. 45/34 dated

15th June, 1934, I have the honour to inform you that

arrangements were made for the redemption on the 15th October

of the Hong Kong 3% Stock 1918/43. The amount of stock

outstanding was £1,485,732. 16. 5., of which £467,436. 10. 10.

was held for its own sinking fund, leaving a balance of

£1,018,296. 5. 7. to be provided to pay stockholders, as well as the authorised commission on the redemption amounting to £1,405. 14. 7. (£1,000 per million on the amount of stock redeemed) making a total of £1,019,782. 0. 2.

2. This amount was provided (in accordance with the

arrangements recapitulated in your letter dated 18th June,

No. 45/34) by the withdrawal from the Joint Colonial Fund of

the deposits representing proceeds of securities already sold

from the accounts concerned, by cash in those accounts, by

dividends accruing to them on the 15th October, and by the final

contribution on the Hong Kong 34% Stock.

From Joint Colonial Fund Deposit.

Details are as follows:

In the Accounts (including cash, dividendɛ

accruing on Oct.15 and the final contribution)

15.707. 6. 1.

22. 7. 1.

Hong Kong 8.F. 3px

544,100

do.

Surplus Funds

114,100

do.

S.F. P.V. Loan

149,100

7. 9.

7.

Act 1927

507,300

15,737. 2.

9.

These!

Colonial Treasurer,

HONG KONG.