56

1.—7

Ebvenub Account for the Half-ye Dr. £ s. d. To General expenses in London (see Ab- essage and other stract A) .. .. .. 4,978 14 10 receipts,including Working-expenses at stations (see Ab- profit on exchange £257,230 14 8 stract B) .. .. .. 38,515 810 Less payment under Use of patents .. .. .. 800 0 0 agreement with Electricians' retaining-fee .. .. 50 0 0 Great Northern Directors'remuneration .. .. 2,000 0 0 Telegraph ' ComAuditors'fees .. .. .. 100 0 0 pany .. . .. 1,250 0 0 Staff endowment assurance .. 798 12 0 255,980 14 8 Expenses on account of Australian Australian duplicate "guarantee negotiations .. .. 229 1 0 cable subsidies .. £16,200 0 0 Eepairs to cables (see Abstract C) .. 23,118 6 6 Less deductions for Maintenance-ships' Reserve Fund .. 3,500 0 0 nine days' total Income-tax .. .. .. 2,915 9 1 interruption .. 798 18 1 Interest on 6-per-cent. debentures .. 9,600 0 0 . 15,401 111 Interest and sinking fund on account Tasmanian cable subsidy .. .. 2,100 0 0 of 5-per-cent. Australian subsidy Tonquin cable subdebentures .. .. .. 25,495 0 0 sidy .. .. £5,300 0 0 Interest on 4-per-cent. mortgage de- Less deductions for benture stock .. .. .. 186 9 10 seven days' total Cost of new land-line at Banjoewangie 918 18 2 interruption .. 203 5 7 Additions to staff quarters .. .. 202 1 4 5,096 14 5 Part cost of the Madras-Penangdupli- Malacca cable subsidy .. .. 200 0 0 cate cable .. .. .. 100,000 0 0 Macao cable subsidy .. .. 250 0 0 Balance .. .. .. .. 65,686 19 5 Transfer-fees .. .. .. 66 10 0 £279,095 1 0 £279,095 1 0 Third interim dividend of 1890, 2s. 6d. per share, paid 15th January, 1891 31,250 0 0 By Balance down .. .. .. 65,686 19 5 Proposed final dividend of 2s. 6d. per Balance of Eevenue Account to 30th share for 1890, payable 23rd April, June, 1890 .. .. .. 71,820 7 5 1891 .. ..' .. .. 31,250 0 0 . Proposed bonus of 4s. per share, payable 23rd April, 1891 .. .. 50,000 0 0 Balance to Eeserve Fund .. .. 25,007 610 £137,507 6 10 £137,507 6 10 Absteacts eclating to Eevenue Account foe the Half-yeae ended 31st Decembee, 1890. Abstract A. Statement of General Expenses in London. £ s. d. Salaries and wages .. .. .. .. .. .. 2,589 17 8 Office expenses .. .. .. .. .. .. .. 788 16 4 Rent, taxes, &c. .. .. .. .. .. .. .. 706 2 10 Stationery and printing .. .. .. .. .. .. 175 18 10 Postage, bill, and other stamps .. .. .. .. .. 219 5 3 Advertising .. .. .. .. .. ... .. 364 7 6 Legal expenses .. .. .. .. .. .. .. 18 18 0 Repairs and renewals to furniture, &c. .. .. .. .. .. 50 8 5 Agencies .. .. .. .. .. .. .. 65 0 0 Per Revenue Account .. .. .. .. £4,978 14 10 Abstract B. Statement of Wobking-expenses at Stations. £ s. d. Salaries and wages .. .. .. .. .. .. 26,206 15 2 Travelling-expenses .. .. .. .. .. .. 1,261 15 8 Rent, taxes, house-allowances, &c. .. .. .. .. .. 4,007 18 6 Expenses of electric lighting at stations .. .. .. .. 643 6 6 Provision- and ration-allowances .. ~ .. ~ .. 962 17 11 Maintenance and renewals of instruments and electrical apparatus .. .. 1,184 8 8 Expenses of land-lines .. .. .. .. .. .. 175 10 4 Repairs and renewals of furniture, fittings, &c. .. .. .. .. 540 6 3 Repairs to buildings .. ~ .. .. .. .. 297 13 4 Insurances at stations .. .. .. .. .. .. 199 3 2 Stationery and printing .. .. .. .. ... .. 721 5 2 Office and message postages .. .. ~ .. .. 216 2 10 Office and petty expenses .. .. .. .. .. ~ 843 10 5 Medical attendance .. .. .. .. .. .. 505 8 2 Service messages .. .. .. .. .. .. .. 126 12 2 Expenses of Porthcurno School .. .. .. ~ .. 250 0 0 Foreign agencies .. .. .. .. .. .. .. 164 3 6 Advertising at stations .. .. .. .. .. .. 7 16 4 Messengers' uniforms .. .. .. ~ .. .. 32 1 11 Income-tax at stations .. .. .. .. .. .. 168 12 10 Per Revenue Account ~ ~ .. ~ £38,515 8 10