71

1.—7

General Beservb Fund, 30th June, 1892. Dr. £ s. a. Cr. £ s. d. To Cost of Singapore-Penang triplicate cable 25,974 19 4 By Balance of Beserve Fund at 31st DeCost of partial renewal of the Shang- cember, 1891 .. .. .. 428,842 7 4 hai-Poochow cable .. .. 5,307 13 10 Interest received during half-year .. 6,758 9 2 The following amounts for new cables and Value of Cfible recovered from Ranoable renewals have from time to time goon-Penang section after crediting been charged against the Beserve and capital expenditure with £20,000 .. 22,324 3 5 Revenue Accounts:— Rangqon-Penang cable, 1877 .. .. £156,761 8 1 Less value of cable recovered, and credited to Beserve Fund, 1892 22,324 3 5 134,437 4 8 Bangoon - Penang cable renewals, 1884-85 and 1887 .. .. 21,175 4 2 Hongkong-Manila cable, portion of cost, 1880 .. 16,07110 0 Singapore-Batavia cable renewal, 1881 .. 64,363 11 5 Java - Australian cables partial renewals, 1884 and 1888 .. .. 41,754 17 0 Singapore-Saigon cable renewals, 1884-85 and 1887-88 .. .. 59,677 111 Victoria-Tasmania duplicate cable, 1885 .. 31,190 5 0 Penang-Singapore cable renewal, 1886 .. 53,245 3 8 Hongkong-Saigon oable partial renewals, 1889-90 15,880 19 9 Western Australia cable, 1889-90 .. .. 119,893 0 5 New Zealand duplicate cable, 1890 .. ' .. 188,433 15 6 Madras-Penang partial renewal, 1890-91 .. 91,896 1 4 Hongkong-Tonquin partial renewal, 1890 and 1891 .. .. 34,328 1 0 Madras-Penang duplicate cable, 1890-91 .. 244,135 14 9 Penang-Sumatra cable, 1891 .. .. 14,924 6 5 Singapore-Penang triplicate cable, 1892 .. 25,974 19 4 Shanghai-Foochow partial renewal, 1892 .. 5,307 13 10 £1,162,694 10 2 Balance carried down.. .. .. 426,642 6 9 £457,924 19 11 £457,924 19 11 Balance as per balance-sheet .. £426,642 6 9 Balance-sheet, 30th June, 1892. Dr. Cr. To Capital— £ s. d. By Capital expenditure £ s. d. 300,000 shares of as per last account £2,987,041 310 £10 each ..£3,000,000 0 0 Add cost of land and ■ Less 50,000 shares buildings in New of £10 each, un- Zealand .. 723 13 6 issued .. 500,000 0 0 . 2,500,000 0 0 2,987,764 17 4 5-per-cent. Australian subsidy deben- Less value of cable tures—■ recovered from 3,545 debentures of £100 each, as Rangoon-Penang per last account .. .. 354,500 0 0 section charged to 4-per-cent. mortgage debenture stock 320,000 0 0 capital in June, 1877 .. .. 20,000 0 0 3,174,500 0 0 ■ 2,967,764 17 4 Beserve funds— Maintenance-ships, as per last acGeneral reserve .. .. 426,642 6 9 count.. .. .. .. 66,449 14 10 Maintenance-ships'reserve .. 45,716 18 7 Insurance reserve for maintenance- 3,034,214 12 2 ships and cables .. 53,805 12 8 Investments on account of reserve Sinking fund— funds (see Abstraot D) .. .. 476,231 110 Australian subsidy debenture sink- Trustees for 5-per-oent. Australian ing fund .. .. .. 39,529 1 11 subsidy debentures .. .. 35,529 1 1 Traffic and other credit balances .. 58,625 19 5 Spare cable and other stores .. 95,299 6 6 Debenture interest accrued and un- Traffic and other debit balances .. 128,324 1 5 paid .. .. .. .. 5,201 19 0 Bills receivable .. .. .. 59,282 0 0 Proprietors for dividends— Remittances in transit .. .. 16,230 0 0 Unclaimed dividends .. .. 1,525 6 6 Cash at banker's and in hand .. 93,208 2 9 First interim dividend of 2s. 6d. per share, paid 15th July, 1892 .. 31,250 0 0 Second interim dividend of 2s. 6d. per share, paid 15th October, 1892 .. .. .. 31,250 0 0 Revenue account balance .. .. 70,271 1 9 £3,938,318 6 7 £3,938,318 6 7 --—r ii i i - Audited and found correct. mi ■ i r i Henky Devee, F.C.A., ) AnditoM London, 15th October, 1892. Welton, Jones, and Co., J AUU,corb -