Estimates-1948 — Page 103

Head 26.-PUBLIC DEBT

103

Estimate, 1946-1947. Estimate, 1947-1948.

Sub-heads.

**e

$

1 Interest on 4% Conversion Loan ($4,838,000)

Sinking Fund on above

193,520 166,911

193,520

166,911

360,431

360,431

2 Interest on 34% Dollar Loan, 1934

Redemption of Bonds (1/25th of $14,000,000)

303,800

294,000

2,800,000

560,000

3,103,800

854,000

3 Interest on 34% Dollar Loan, 1940

160,369

152,117

Redemption of Bonds (1/25 of $11,790,000)

2,358,000

471,600

2,518,369

4 Interest and Redemption on Proposed New Loan

623,717 6,000,000

Total Public Debt

5,982,600

7,838,148