85

X.—7

Balance-sheet, 31st December, 1893. Dr. ! Gr. To Capital— £ s. d. jßy Capital expenditure, is s. d. 300,000 shares of as per last account £2,942,114 18 9 £10 each ..£3,000,000 0 0 Add cost of convertLess 50,000 shares ing lease at Banof £10 each mi- joevvangie into issued .. 500,000 0 0 freehold .. 78 7 1 . 2,500,000 0 0 , 5-per-cent. Australian subsidy deben- 2,942,193 5 10 tures — Less sale of cottage 3,208 debentures of at Low Heads .. 250 2 6 £100 each, as per Transferred from last account .. £320,800 0 0 Australian 5-per-Less 353 deben- cent, subsidy deturos drawn 6th benture sinking April, 1893, for fund .. .. 35,300 0 0 payment Ist 2,906,643 8 1 July, 1893 .. 35,300 0 0 ——-— 285,500 0 o Maintenance-ships, as per last ac-4-per-cent. mortgage debenture stock 320,000 oo| count.. .. .. .. 66,449 14 10 Reserve Funds — General reserve .. .. 633,686 2 0 2,973,092 18 2 Maintenance-ships'reserve .. 58,844 2 8 Investments on acoount of reserve Insurance reserve for maintenance- funds (see Abstract D) .. .. 541,840 4 6 ships and cables .. .. 67,950 4 9 Trustees for 5-per-cent. Australian Sinking funds — subsidy debentures .. .. 11,430 3 0 Australian subsidy debenture sink- Spare cable and other stores .. 87,215 19 8 ing fund .. .. .. 24,725 3 0 Traffic and other debit balances .. 120,72111 8 Traffic and other credit balances .. 33,636 12 7 Bills receivable .. .. .. 53,642 0 0 Debenture interest accrued and un- Remittances in transit .. .. 12,900 0 0 paid .. .. .. .. 5,177 15 6 Cash at banker's and in hand .. 192,609 19 6 Proprietors for dividends— Temporary investment, £50,000 2|Unclaimed dividends .. .. 932 17 0 per-cent. Consols, costing .. 49,500 1 0 Third interim dividend of 2s. 6d. per share, paid 16th January, 1894.. .. .. .. 31,250 0 0 Proposed final dividend of 2s. 6d. per share, payable 19th April, 1894 .. .. .. 31,250 0 0 Proposed bonus of 4s. per share, payable 19th April, 1894 .. 50,000 0 0 £4,042,952 17 6 £4,042,952 17 6 Audited and found correct. Heney Deveb, P.O.A. 1 , ~. London, 7th April, 1894. Welton, Jones, and Co., J flualDorB -

Absteact D. LIST OF INVESTMENTS ON ACCOUNT OF RESERVE FUNDS. Government and Miscellaneous. s. & b. a. 31,000 2|-per-oent. Consols .. .. .. .. .. Costing 31,703 17 3 2,500 Chilian Government 4J-per-eent. converted loan .. .. „ 2,512 10 4 14,800 Eastern Extension Australasia and China Telegraph Company (Limited) 5-per-oent. Australian Government subsidy debentures .. .. „ 15,288 19 1 1,500 Egyptian Government 3-per-cent. guaranteed bonds .. .. .. „ 1,429 1 0 3,500 Globe, Telegraph, and Trust Company (Limited) 6-per-eent preferential shares .. .. .. .. .. .. „ 5,374 13 0 5,000 Government Stock and other Securities Investment Company (Limited) 4-per-cent. debenture stock .. .. .. .. „ 5,200 9 10 15,000 India 3-per-cent. stock .. .. .. .. „ 13,859 11 3 25,000 Metropolitan Consolidated 3J-per-cenc. stock .. .. .. „ 25,968 15 0 10,000 Pacific and European Telegraph Company (Limited) 4-per-cent. guaranteed debentures .. .. .. .. .. ■„ 10,200 0 0 2,500 Southern Mahratta Eailway (Limited) 4-per-cent. debenture stock .. „ 2,703 14 8 Colonial. 9,000 Canadian Pacific Bailway 5-per-cent. first mortgage debenture bonds .. „ 9,620 4 10 5,000 Cape of Good Hope Government 4-per-cent. inscribed stock (1882) .. „ 4,796 6 9 5,000 Ceylon Government 4 per-cent. inscribed stock .. .. .. „ 5,639 1 9 4,000 City of Sydney 5-per-cent. bonds .. .. .. .. 4,69114 6 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-oent. inscribed stook .. .. „ 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 .. .. .. „ 15,732 19 8 5,000 Tasmanian Government 4 f 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-cent. debenture bonds .. .. .. 5,050 111 American Railways. 8,400 Baltimore and Ohio Eailroad Company 6-per-cent. sterling bonds (1874) .. » 10,420 19 9 $45,000 Baltimore and Ohio Railroad Company 5-per-cent. bonds (1885).. .. „ 10,375 17 6 $25,000 Central Railroad Company of New Jersey 5-per-oent. general mortgage coupon gold bonds .. .. .. ~ .. „ 5,726 16 0 12—1. 7.