Estimates-1937 — Page 116

Appendix IV,—Continued.

ESTIMATE OF THE FINANCIAL POSITION AT 31st DECEMBER, 1937.

1936.

1937.

Excess of Assets over Liabilities at 1st

January, 1936

.$ 12,387,669

Revised Estimate of Revenue for 1936...$ 28,415,970

$40,803,639

Brought forward

.$ 11,383,639

Estimated Revenue for 1937......

$ 28,760,250

$ 40,143,889

Revised Estimate of Expenditure for 1936 $29,420,000

Estimated expenditure for 1937

$ 32,259,160

Estimated excess of Assets over Liabili-

ties at December 31st, 1936...$ 11,383,639

Estimated excess of Assets over Liabilities

on 31st December, 1937

.$ 7,884,729

Dr.

LOAN ACCOUNT.

1935.

1936.

Conversion Bond 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

13,440,000

$12,880,000

}

Appendix V.

STATEMENT OF 1925 TRADE LOAN,

1935.

1936.

Cr.

£31,222. 4. 4.

£42,867. 13. 6.

Trade Loan 1925.

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

1932.

£400,000 repaid in 1926,

£550,000 repaid in 1927,

Loans issued...... Less repaid:

1926......

1927.

.$2,604,930.00

... 4,845,879.76

1932.

$15,633,582.97

£435,000 repaid in 1928,

£145,000 repaid in 1929

1928. 1929..

3,403,560.02

and £270,000 repaid in 1930.

1930......

1,356,536.86

1,280,842.65

1931..

832,241.62

1932

451,828 26

1933.

147,000,00

1934...

21.000.00

1935

5,000.00

14,948,819.17

684,763.80

Irrecoverable

Less amount written off as

Total Loans Outstanding ...$ 548,500.50

1

136,263.30