110
Appendix IV,-Continued.
ASSETS AND LIABILITIES ON 31ST DECEMBER, 1928, AND
31ST DECEMBER 1929, (ESTIMATED).
Revenue.....
1928.
.$24,968,399.00
Revenue....
1929.
$22,700,000.00
Expenditure
21,230,242.00
Expenditure
23,079,368.00
Surplus
$ 3,738,157.00
Deficit
379,368,00
Exchange Fiuctuation Account
367,715.00
4,105,872.00
Balance of Assets, (1927)
3,985,761.00
Balance of Assets, (1928)
...$ 8,091,633.00
Balance of Assets, (1928)
Balance of Assets, (1929)
8,091,633.00
.$ 7,712,265.00
Dr.
LOAN ACCOUNT.
1928.
1929.
1928.
1929.
Cr.
Inscribed Stock Issues of 1893 and 1906 at 31% interest per annum. To be paid off on the 15th April,
1943
Public Works (1927)
Loan at 6% interest per annum. To be paid off on the 1st November, 1938.......
£1,485,732. 16. 5 £1,485,732. 16. 5 Sinking Fund. £631,051. 0. 0. £676,720. 0. 0.
$4,927,000
$1,927,000 Sinking Fund. £ 20,666. 0. 0.
£ 21,496, 0. 0.
$333,000.00
Trade Loan 1925.
£3,000,000 authorised £1,800,000 borrowed
Appendix V.
STATEMENT OF 1925 TRADE LOAN.
1928.
1925.
£1,800,000 £400,000 repaid in 1926, £550.000 repaid in 1927. and £435,000 repaid in 1928. Balance £415,000 on Deposit with the Hong Kong and Shang- hai Banking Corporation, London, against Note Issue.
Loans issued.
Less repaid:
1926... 1927.... 1928.
1928.
$15,628,782.84
$2,604,930.00
4,845,879.76
3,403,560.02
10,854,369.78
4,774,418.06
76,506.93
Less amount written off as
Irrecoverable
Total Loans Outstanding ...$ 4,697,906.18
Overdraft in Hong Kong......$ 4,023,050.88
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