497
No.
30
97
HONGKONG.
STATEMENTS IN CONNECTION WITH THE LOANS RAISED IN 1887 AND 1894.
Laid before the Legislative Council by Command of His Excellency the Governor.
QUESTION. Will the Government lay upon the table a detailed statement or account of the loan of £200,000 raised in 1887, shewing separately in sterling and in dollars all reccipts and all payments in connection with or in respect of the principal, interest, and sinking fund, with the dates and the rates of exchange at which each iteni was converted from sterling into dollars or vice versâ, in short, a detailed account shewing how much interest per cent. per annum the ratepayers have paid for the loan in question, and a similar account to date in respect of the last loan of £200,000 floated in 1894, shewing in addition what amount thereof is still available, if any, how and in what way the monies have been expended, and what are the available assets in respect of said disbursements? The statement to shew in what securities the sinking fund has been invested, the cost thereof in sterling and in dollars, the annual revenue derived therefrom and the present market value of the securities.
ANSWER.-
STATEMENT OF 1887 LOAN OF £200,000.
1887,........Loau raised in 1887, at 4% per annum,
Less Debentures redeemed,.
1894, ....Balance converted at 3% Stock,
£200,000. 0. 0 at 3,2=$1,263,157.90
60,000. 0. 0
£ 140,000. 0. 0
STATEMENT OF PAYMENTS IN CONNECTION WITH 1837 LOAN OF £200,000.
Year,
Commission, Stamps and other Expenses.
Interest.
Sinking Fund.
Average Rate of Exchange for the
year.
Total.
£ s. d.
C.
£
s. d.
£ s. d.
C.
$
C.
1887,
2,105. 6.9
13,296.86
2,520.19.0
15,921.55
3,536.0.0
22,332,61
32
51,551.05.
1888,
40,15.0
257.37
8,000, 0.0
50,526.32
7,072.0.0 44,665.26
95,448.95
1889.
40.15.0
257.37
7,976. 0.0
50,374.78
7,072.0.0 44,665.26
GE
95,297.36
1890,
41.11.3
246.76
8,024. 0.0
47,641.74
7,072.0.0
1891, ...
41, 8.6
260.78
8,000. 0.0
50,360.66
7,072.0.0
1892,
41. 7.3
289.52
8,000. 0.0
55,761.84
7,072.0.0
1893,
41. 8.9
332.36
7,990. 0.0
62,095.40
1891,
18. 9.0
175.79
6,155, 0,0
57,754.82
7,072.0.0
41,989.35 3.44217
44,518.82 3 24
49,274.80
7,072.0.0 54,942.53
66,075.73
89,877.85
95,140.26
2,9 973+
105,326.16
261
117,870.29.
2,14
124,006.34
£2,371, 1.6 $ 15,116.81 £56,665.19.0 $390,437.06 £ 53,040.0.0 | $368,464.39
STATEMENT OF 1893 LOAN OF £200,000 AT 35 %.
1893, 1894,
....
Loan raised in 1893, at 34 %.
..Balance of 1887 Loan converted in 1894 at 33% Stock,
Stock crcated to defray Expenses of Conversion,
$ 774,018.26
£ 341,799.15. 1
£200,000. 0. 0 at 271-$1,536,000.00 140,000. 0. 0 at 214= 1;330,693.07
1,799.15. 1 at 21
17,106.57
$2,883,799.64
=
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