324
118
Appendix IV,-Continued.
ESTIMATE OF THE FINANCIAL POSITION AT 31st DECEMBER, 1938.
1937.
1938.
Excess of Assets over Liabilities at 1st
January, 1937
Brought forward
12,055,132
..$ 12,917,132
Revised Estimate of Revenue for 1937...$ 31,240,000
Estimated Revenue for 1938...
.$ 30,254,920
$44,157,132
$ 42,310,052
Revised Estimate of Expenditure for 1937 $32,102,000
Estimated expenditure for 1938
.$ 33,368,552
Estimated excess of Assets over Liabili-
ties at December 31st, 1937 .....
..$ 12,055,132
Estimated excess of Assets over Liabilities
on 31st December, 1938
8,941,500
Dr.
LOAN ACCOUNT.
1936.
1937.
1936.
1937.
Cr.
Conversion Bond 4% to be paid off in 20 years
$4,838,000
$4,838,000
£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
Appendix V.
STATEMENT OF 1925 TRADE LOAN.
1932.
Loans issued.
.$15,633,582.97
Trade Loan 1925.
£3,000,000 authorised £1,800,000 borrowed
1932.
Less repaid:
1926... .$2,604,930.00
£400,000 repaid in 1926, £550,000 repaid in 1927, £435,000 repaid in 1928,
1927.
4,845,879.76
1928.
3,403,560.02
1929.
1,356,536.86
£145,000 repaid in 1929
1930..
1,280,842.65
and £270,000 repaid in
1931.
832,241.62
1930.
1932.
451,828 26
1933.
147,000.00
1934.
21,000.00
1935..
1936..
5,000.00 2,200.00
14,951,019.17
682,563.80
Less amount written off as
Irrecoverable
383,763.80
Total Loans Outstanding
.$
298,800.00
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