CO129-550-1 Estimates 1935 14-9-1934 - 15-9-1934 — Page 188

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Appendix IV,-Continued.

ESTIMATE OF THE FINANCIAL POSITION AT 31st DECEMBER, 1935.

1934.

1935.

Excess of Assets over Liabilities at 1st

January, 1934

.........$ 13,823,625

Revised Estimate of Revenue for 1934...$ 29,670,634

$43,494,259

Revised I stimate of Expenditure for 1934 $30,893,000

Brought forward

12,601,259

Estimated Revenue for 1935...............................

$ 30,585,650

$ 43,186,909

32,556,102

Estimated expenditure for 1935

Estimated excess of Assets over Liabili-

ties at December 31st, 1934..............

.$ 12,601,259

Estimated excess of Assets over Liabilities

on 31st December, 1935

.$ 10,630,807

Dr.

Inscribed Stock Issues of 1893 and 1906 at

31%

interest per

annum. To be paid off on the 15th April, 1943

LOAN ACCOUNT.

1933.

1934.

1933.

1934.

£1,485,732. 16. 5

Sinking Fund. £911,747. 12. 6

Public Works (1927)

Loan at 6% interest per annum. To be paid off on the 1st November, 1938......

Cr.

$4,927,000

Sinking Fund. £132,192. 0. 10

Converted to 4% to be

paid off in 20 years...

4,838,000

$4,838,000

£12,127. 2. 7

Hong Kong 3% Dollar Loan to be paid off by 25 annual drawings commencing July, 1935

15th

14,000,000

Appendix V.

STATEMENT OF 1925 TRADE LOAN.

1932.

Trade Loan 1925.

£3,000,000 authorised £1,800,000 borrowed

1932.

£400,000 repaid in 1926, £550,000 repaid in 1927,

1926..

Loans issued.

Less repaid

.$2,604,930.00

.$15,633,582.97

1927.

4,845,879.76

£435,000 repaid in 1928,

1928.

3,403,560.02

£145,000 repaid in 1929

1929.

1,356,536.86

and £270,000 repaid in

1930.

1,280,842.65

1930.

1931.

832,241.62

1932.

451,828 26

1933..

147,000.00

14,922,819.17

710,763.80

Less amount written off as

Irrecoverable

136,263.30

Total Loans Outstanding ...$

574,500.50

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