Estimates-1936 — Page 112

114

Appendix IV,-Continued.

ESTIMATE OF THE FINANCIAL POSITION AT 31st DECEMBER, 1936.

1935.

1936.

Excess of Assets over Liabilities at 1st

January, 1935

Brought forward

.$ 12,095,789

.......$ 12,248,755

Revised Estimate of Revenue for 1935...$ 28,328,034

Estimated Revenue for 1936

.$ 26,671,845

$40,576,789

Revised Estimate of Expenditure for 1935 $28,481,000

$ 38,767,634

Estimated expenditure for 1936

$ 29,598,148

Estimated excess of Assets over Liabili -

ties at December 31st, 1935

.....

Dr.

.$ 12,095,789

Estimated excess of Assets over Liabilities

on 31st December, 1936

.$

9,169,486

LOAN ACCOUNT.

1934.

1935.

1934.

1935.

Gr.

Conversion Bond 4%

to be paid off in 20 years

$4,838,000

4,838,000

£12,311. 2. 1 £30,784, 6. 6.

Hong Kong 3% Dollar Loan to be paid off by 25 annual drawings commencing 15th July, 1935

14,000,000

13,440,000

Appendix V.

STATEMENT OF 1925 TRADE LOAN.

1932.

Trade Loan 1925.

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

1932.

Loans issued.............

..$15,633,582.97

Less repaid:

£400,000 repaid in 1926, £550,000 repaid in 1927, £435,000 repaid in 1928,

1926.. .$2,604,930.00

1927

4,845,879.76

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.

1934......

147,000.00

21.000.00

14,943,819,17

689,763.80

Less amount written off as

Irrecoverable

136,263.30

Total Loans Outstanding ...$

553,500.50