Estimates-1938 — Page 116

118

Appendix IV,-Continued.

ESTIMATE OF THE FINANCIAL POSITION AT 31st DECEMBER, 1938.

1937.

1938.

Excess of Assets over Liabilities at 1st

January, 1937

.$ 12,917,132

Revised Estimate of Revenue for 1937...$ 31,240,000

$44,157,132

Revised Estimate of Expenditure for 1937 $32,102,000

Brought forward .......$ 12,055,132

Estimated Revenue for 1938

$ 30,251.920

$ 42,310,052

Estimated expenditure for 1938 ............$ 33,379,549

Estimated excess of Assets over Liabili-

ties at December 31st, 1937.

.$ 12,055,132

Estimated excess of Assets over Liabilities

on 31st December, 1938

$ $,930,503

Dr.

LOAN ACCOUNT.

1936.

1937.

1936.

1937.

Gr.

Conversion Bond 4% to be paid off in 20 years

$4,838,000

$4,838,000

£42,836. 14. 11. £54,174. 7. 4.

Hong Kong 3% Dollar

Loan to be paid off by

25 annual drawings

commencing

15th

July, 1935

12,880,000

$12,320,000

Trade Loan 1925.

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

Appendix V.

STATEMENT OF 1925 TRADE LOAN.

1932.

£400,000 repaid in 1926, £550,000 repaid in 1927, £435,000 repaid in 1928, £145,000 repaid in 1929 and £270,000 repaid in

1927

1931.

1930.

1932.

1932.

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

Less repaid:

1926.. .$2,604,930.00

$15,633,582.97

4,845,879.76

1928.... 1929.

1930....

451,828 26

3,403,560.02

1,356,536.86

1,280,842.65

832,241.62

1933.

147,000.00

1934.......

21,000.00

1935

5,000.00

1936................

2,200.00

14,951,019.17

682,563.80

Less amount written off as

Irrecoverable

383,763,80

Total Loans Outstanding ...$

298,800.00