1.—7

80

Balance-sheet, 30th June, 1893. Dr. Or. To Capital— £ s. d. By Capital expenditure, £ s. d. 300,000 shares of as per last account £2,942,014 18 9 £10 each .. £3,000,000 0 0 Add cost of cottage Less 50,000 shares at Manila .. 100 0 0 of £10 each, un- 2,942,114 18 9 issued .. 500,000 0 0 Maintenance-ships, as per last account 66,449 14 10 2,500,000 0 0 I 5-per-cent. Australian subsidy deben- 3,008,564 13 7 tures— Investments on account of reserve 3,208 debentures of £100 each, as funds (see Abstract D) .. .. 535,998 13 0 per last account .. .. 320,800 0 0; Trustees for 5-per-cent. Australian 4-per-cent. mortgage debenture stock 320,000 0 0 subsidy debentures .. .. 37,380 12 11 Spare cable and other stores .. 91,531 8 6 3,140,800 0 0' Traffic and other debit balances .. 119,819 17 5 Reserve funds— Bills receivable .. .. .. 37,135 0 0 General reserve .. .. .. 519,217 2 0 : Remittances in transit .. .. 22,376 5 3 Maintenance ships'reserve .. 54,392 5 5 Cash at banker's and in hand .. 141,463 17 7 Insurance reserve for maintenanceships and cables .. .. 61,232 10 11 Sinking fund— Australian subsidy debenture sinking fund .. .. . 41,380 12 11 Traffic and other credit balances .. 27,138 1 1 Debenture interest accrued and unpaid 5,187 10 6j Proprietors for dividends — Unclaimed dividends .. .. 1,305 7 6 First interim dividend of 2s. 6d. per share, paid 15th July, 1893 .. 31,250 0 0 Second interim dividend of 2s. 6d. per share, paid 14th October, 1893 31,250 0 0 Revenue account balance .. .. 81,116 17 8 £3,994,270 8 3 £3,994,270 8 3 Audited and found correct. XX■Jγxtt>tt "T^ Tji -it TjT v> Tp A \ London, 20th October, 1893. Welton, Jones, and Co.J Audltors,

Abstract D. LIST OF INVESTMENTS ON ACCOUNT OF BESEBVE FUNDS. £ Government and Miscellaneous. £ s. d. 31,000 2§-per-cent. Consols .. .. . .. .. .. Costing 31,708 17 3 2,500 Chilian Government 4J per cent, converted loan .. .. .. „ 2,512 10 4 9,100 Eastern Extension Australasia and China Telegraph Company (Limited) 5-per-cent. Australian Government subsidy debentures .. .. „ 9,447 7 7 1,500 Egyptian Government 3-per-cent. guaranteed bonds .. .. .. „ 1,429 1 0 3,500 Globe Tel. and Trust Company (Limited) 6-percent, pref. shares 5,374 13 0 5,000 Government Stock and other Securities Investment Company (Limited) 4-per-oent. debenture stock .. .. .. .. „ 5,200 910 15,000 India 3-percent, stock .. .. .. .. .. „ 13,859 11 3 25,000 Metropolitan Consolidated 3J per-cent. stock .. .. .. „ 25,968 15 0 10,000 Paoific and European Telegraph Company (Limited) 4-per-cent. guaranteed debentures .. .. .. .. .. .. 10,200 0 0 2,500 Southern Mahratta Railway (Limited) 4-per-cent. debenture stock 2,703 14 8 Colonial. 9,000 Canadian Paoific Railway 5-percent, first mortgage debenture bonds .. Costing 9,620 410 5,000 Cape of Good Hope Government 4-per-cent. inscribed stock (1882) 4,796 6 9 5,000 Ceylon Government 4-percent, inscribed stock .. .. .. „ 5,639 1 9 4,000 City of Sydney 5-per-cent. bonds .. .. .. ~ 4 14 g 5,000 Metropolitan Gas Company of Melbourne 5 per-cent. debentures 5 563 17 6 5,000 Natal 4-per-cent. consolidated stock inscribed (1887) .. .. .. 4 993 14 1 10,000 New South Wales Government 4-per-cent. debentures .. 10,230 3 8 15,000 New South Wales Government 3J-per-cent. inscribed stock .. 14,429 14 8 10,000 Queensland Government 4-per-cent. debentures .. .. „ 10 169 2 3 15,000 Queensland Government 4-per-cent. inscribed stock .. .. .. ,' 19 8 5,000 Tasmanian Government 4-per-cent. debentures .. .. ~ „ 5,050 1 11 13,500 Victorian Government 4J-per-cent. debentures .. .. 14,314 5 0 5,000 Victorian Government 4-per-oent. debenture bonds .. .. ~ 5 Q5O 1 11