170
118
Appendix IV,—Continued.
ESTIMATE OF THE FINANCIAL POSITION AT 31st DECEMBER, 1938.
1937.
1938.
Excess of Assets over Liabilities at 1st
January, 1937
Revised Estimate of Revenue for 1937...$ 31,240,000
$44,157,132
Revised Estimate of Expenditure for 1937 $32,102,000
Brought forward......
.$
12,055,132
.$
12,917,132
Estimated Revenue for 1938
$ 30,254.920
$ 42,310,052
Estimated expenditure for 1938 ............$ 33,379,549
Estimated excess of Assets over Liabili-
ties at December 31st, 1937 .........
..$ 12,055,132
Estimated excess of Assets over Liabilities
on 31st December, 1938
8,930,503
Dr.
LOAN ACCOUNT.
1936.
1937.
1936.
1937.
Cr.
Conversion Bond 4% to be paid off in 20 years
$4,838,000
$1,838,000
£42,836. 14. 11.
£54,174. 7. 4.
Hong Kong 3% Dollar
Loan to be paid off by
25 annual drawings
commencing
15th
July, 1935
12,880,000
$12,320,000
Trade Loan 1925.
£3,000,000 authorised £1,800,000 borrowed
Appendix V.
STATEMENT OF 1925 TRADE LOAN.
1932.
1932.
Loans issued.
Less repaid:
$15,633,582.97
1926....
$2,604,930.00
£400,000 repaid in 1926,
1927.
4,845,879.76
£550,000 repaid in 1927,
1928.
3,403,560.02
£435,000 repaid in 1928,
1929.
1,356,536.86
£145,000 repaid in 1929
1930.
1,280,842.65
and £270,000 repaid in
1931
832,241,62
1930.
1932.
451,828 26
1933.
147,000.00
1934..
21,000.00
1935.........
5,000.00
1936.....
2,200.00
14,951,019.17
682,563.80
Less amount written off as
Irrecoverable
383,763.80
Total Loans Outstanding ...$
298,800.00
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