Estimates-1935 — Page 119

116

Appendix IV,-Continued.

ESTIMATE OF THE FINANCIAL POSITION AT 31st DECEMBER, 1935.

1984.

1935,

Excess of Assets over Liabilities at 1st

January, 1934

Revised Estimate of Revenue for 1934...$ 29,670,634

$43,494,259

Revised Estimate of Expenditure for 1934 $30,893,000

Brought forward .....

12,601,259

.......$ 13,823,625

Estimated Revenue for 1935.....

.$ 30,585,650

$ 48,186,909

Estimated expenditure for 1935

$ 32,556,102

Estimated excess of Assets over Liabili-

ties at December 31st, 1934 ......

$ 12,601,259

Estimated excess of Assets over Liabilities

on 31st December, 1935

:$ 10,630,807

Dr.

Inscribed Stock Issues of 1893 and 1906 at 3% interest per annum. To be paid off on the 15th April, 1943

Public Works (1927) Loan at 6% interest

LOAN ACCOUNT.

1933.

1934.

1933.

1934.

£1,485,732. 16. 5

Sinking Fund £911,747. 12. 6

per annum. To be paid off on the 1st November, 1938......

$4,927,000

Converted to 4% to be

paid off in 20 years.....

4,838,000

$4,838,000

Hong Kong 3% Dollar

Loan to be paid off by

25 annual drawings

commencing

15th

July, 1935

1

14,000,000

Sinking Fund. £132,192. 0. 10

Appendix V.

STATEMENT OF 1925 TRADE LOAN.

Cr.

£12,127. 2. 7

1932.

Trade Loan 1925.

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

1932.

Loaus 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.

1,280,842.65

1930.

1931.

832,241.62

1932

451,828 26

1933..

147,000.00

14,922,819.17

710,763.80

Less amount written off as

Irrecoverable

136,263,30

Total Loans Outstanding

:

574,500.50