Estimates-1932 — Page 108

110

Appendix V,-Continued.

ESTIMATE OF THE FINANCIAL POSITION AT 31st DECEMBER, 1932.

1931.

1932.

Excess of Assets over Liabilities at 1st

January, 1931

.$ 9,361,679

Brought forward...$

9,413,547

Revenue to 30 June, 1931...$15,812,386 Estimated Revenue for six

mouths ending December

Estimated Revenue for 1932.....

.$ 33,991,510

31st. 1931

..$15,391,982

$ 43,403,057

Revised Estimate of Revenue for 1931...$ 31,204,368

$40,566,047

Estimated

1932.....

expenditure for

.$33,981,661

Expenditure to 30th June,

1931 Estimated Expenditure for six months ending Decem- ber, 31st 1931

Revised Estimate of Expenditure for 1931 $31,152,500

..$14,609,051

Expenditure from Surplus

Balances

..$ 1,000,000

.$16,543,449

$ 34,981,661

Estimated excess of Assets over Liabili-

ties at December 31st, 1931

Estimated excess of Assets over Liabilities

on 31st December, 1932

8,423,396

.$9,413,547

Dr.

Inscribed Stock Issues of 1893 and 1906 at 31% interest per To be paid off on the 15th April, 1943

annum.

Public Works (1927) Loan at 6% interest per annum. To be paid off on the 1st ! November, 1938......

LOAN ACCOUNT.

1930.

1921.

1930.

1931.

Cr.

£1,485,732. 16. 5 £1,485,732 16. 5 Sinking Fund.

£719,664 8. 4.

£766,100 0. 0.

$4,927,000

$4,927,000 Sinking Fund.

£75,748 16. 5.

£76,770 0. 0. $333,000

Appendix VI.

STATEMENT OF 1925 TRADE LOAN.

1930.

Trade Loan 1925.

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

1930.

£400,000 repaid in 1926, £550.000 repaid in 1927,

Loans issued.

Less repaid:

$15,632,343.34

1926...

.$2,604,930.00

£435,000 repaid in 1928,

1927

4,845,879.76

£145,000 repaid in 1929

1928.

3,403,560.02

and £270,000 repaid in 1930.

1929.

1,356,536.86

1930..

1,280,842.65

13,491,749.29

2,140,594.05

Less amount written off as

Irrecoverable

76,412.30

Total Loans Outstanding ...$ 2,064,181.75