Estimates-1934 — Page 111

110

Appendix III,—Continued.

ESTIMATE OF THE FINANCIAL POSITION AT 31st DECEMBER, 1934..

1933.

1934.

Excess of Assets over Liabilities at 1st

January, 1933

Brought forward

13,309,801

$ 12,847,062

Revised Estimate of Revenue for 1938...$ 38,027,000

Estimated Revenue for 1934

$ 31,731,625

$45,874,062

$ 45,041,426

Revised Estimate of Expenditure for 1933 $32,564,261

Estimated expenditure for 1934

.$ 33,442,695

Estimated excess of Assets over Liabili-

ties at December 31st, 1933

.$ 13,309,801

Estimated excess of Assets over Liabilities

on 31st December, 1934

$ 11,598,731

Dr.

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.....

Trade Loan 1925.

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

LOAN ACCOUNT,

1932.

1993.

1932.

1933.

Or.

£1,485,732. 16. 5 £1,485,732. 16. 5 Sinking Fund. £832,750. 18. 10

| |

£885,800. 0. 0

$4,927,00

$4,927,000 Sinking Fund. £125,792. 0. 10

$333,000

£131,983. 18. 6

Appendix IV.

STATEMENT OF 1925 TRADE LOAN,

1932.

1932.

Loans issued....

Less repaid:

$15,633,582.97

£400,000 repaid in 1926,

1926...

$2,604,930.00

£550,000 repaid in 1927,

1927

4,845,879.76

£435,000 repaid in 1928,

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

1932..

832,241.62 451,828 56

14,775,819.19

857,763.80

Less amount written off as

Irrecoverable

105,012.30

Total Loans Outstanding ...$

752,751.50