195
116
Appendix IV,—Continued.
ESTIMATE OF THE FINANCIAL POSITION AT 31st DECEMBER, 1937.
1936.
1937.
Excess of Assets over Liabilities at 1st
January, 1936
Brought forward
.$
11,383,639
$ 12,387,669
Revised Estimate of Revenue for 1936...$ 28,415,970
$40,803,639
Estimated Revenue for 1937.
$ 28,760,250
$ 40,143,889
Revised Estimate of Expenditure for 1936 $29,420,000
Estimated expenditure for 1937
32,259,160
Estimated excess of Assets over Liabili-
ties at December 31st, 1936.......
.$ 11,383,639
Estimated excess of Assets over Liabilities
on 31st December, 1937
7,884,729
Dr.
LOAN ACCOUNT.
1935.
1936.
1935.
1936.
Cr.
Conversion Bond 4% to be paid off in 20 years
$4,838,000
$4,838,000
£31,222. 4. 4.
£42,867. 13. 6.
Hong Kong 3% Dollar Loan to be paid off by 25 annual drawings commencing 15th July, 1935
13,440,000
$12,880,000
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, £435,000 repaid in 1928,
1926..
Loans issued... Less repaid:
.$2,604,930.00
..$15,633,582.97
1927.
4,845,879.76
1928.
3,403,560.02
£145,000 repaid in 1929
1929.
1,356,536.86
and £270,000 repaid in 1930.
1930.......
1,280,842.65
1931.
882,241.62
1932.
451,828 26
1933.
147,000.00
1934...
21.000.00
1935.........
5,000.00
14,948,819.17
684,763.80
Less amount written off as
Irrecoverable
136,263,30
Total Loans Outstanding ...$
548,500.50
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