103

1.—7

Balance-sheet, 31st Decembee, 1895. Dr. £ s. d. Or. £ g. d. To Capital— By Capital expenditure, 300,000 shares of as per last account £2,870,913 17 9 £10 each ..£3,000,000 0 0 Add cost of land for Less 50,000 shares cable-house at of £10 each, un- Tanjong-Katong, issued .. 500,000 0 0 Singapore .. 320 2 3 . 2,500,000 0 0 5-per-cent. Australian subsidy deben- 2,871,234 0 0 tures — Less transferred 2,484 debentures of from Australian £100 each, as per 5-per-cent. subsidy last account .. £248,400 0 0 debenture sinking Less 389 deben- fund .. .. 38,900 0 0 tures drawn Ist ; 2,832,334 0 0 April, 1895, for Maintenance-ships, as per last account 66,449 14 10 payment Ist July, 1895 .. 38,900 0 0 2,898,783 14 10 ■ 209,500 0 0 Investments on account of reserve 4-per-cent. mortgage debenture stock 320,000 0 0 funds (see Abstract D) .. .. 690,947 18 8 Trustees for 5-per-cent. Australian Eeserve funds— 3,029,500 0 0 subsidy debentures .. .. 13,631 18 9 General reserve .. .. 561,546 9 9 Spare cable and other stores .. 54,195 16 3 Maintenance-ships reserve .. 76,736 17 11 Traffic and other debit balances .. 137,384 4 6 Insurance reserve for maintenance- Bills receivable .. .. .. 39,380 0 0 ships and cables .. .. 83,247 12 4 Remittances in transit .. .. 13,820 0 0 Sinking fund— Cash at banker's and in hand .. 107,121 7 2 Australian subsidy debenture sinking fund .. .. .. 26,926 18 9 Traffic and other credit balances .. 32,054 211 Eeserve for fire insurance, guarantees, &c. .. .. .. .. 26,159 11 11 Debenture interest accrued and unpaid 5,161 7 1 Proprietors for dividends— Unclaimed dividends .. .. 1,281 19 6 Third interim dividend of 2s. 6d. per share, paid the 15th January, 1896 .. .. .. .. 31,250 0 0 Proposed final dividend of 2s. 6d. per share, payable the 30th April, 1896 .. .. .. .. 31,250 0 0 Proposed bonus of 4s. per share, payable the 30th April, 1896 .. 50,000 0 0 £3,955,115 0 2 £3,955,115 0 2 Audited and found correct. Deloitte, Devee, Geiitiths, and Co., I , ~. London, 16th April, 1896. Welton, Jones, and Co., j Auail!ors -

Abstbact D. LIST OF INVESTMENTS ON ACCOUNT OP KESEKVE FUNDS. £ Government and Miscellaneous. £ s. d. 31,000 2J-per-cent. Consols.. .. .. .. ... .. Costing 31,708 17 3 2,500 Chilian Government 4J-per-cent. converted loan .. .. .. „ 2,512 10 4 14,500 Eastern Extension Australasia and China Telegraph Company (Limited) 5-per-oent. Australian Government subsidy debentures .. .. „ 14,969 18 6 10,000 East London Waterworks 3-per-oent. debenture stock .. .. „ 10,576 8 6 1,500 Egyptian Government 3-por-oent. guaranteed bonds .. .. .. „ 1,429 1 0 3,500 Globe Telegraph and Trust Company (Limited) 6-per-oent. pref. 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-cent. stock .. .. .. „ 25,968 15 0 5,000 Pacific and European Telegraph Company (Limited) 4-per-cent. guaranteed debentures .. .. .. .. .. .. „ 5,100 0 0 2,500 Southern Mahratta Railway (Limited) 4-per-oent. debenture stock .. „ 2,703 14. 8 Colonial. 5,000 Barbados 3J-per-cent. inscribed stock (1942) .. .. .. Costing 5,273 6 0 10,000 Canadian 3-per-cent. inscribed stock (1938) .. .. .. „ 9,962 7 10 9,000 Canadian Pacific Railway 5-per-cent. first mortgage debenture bonds (1915) „ 9,620 4 10 5,000 Cape of Good Hope Government 4-per-cent. inscribed stack 1882 (1923) .. „ 4,796 6 9 10,000 Cape of Good Hope Government 4-per cent. con. inscribed stock (1916-36) .. „ 11,667 17 2 5,000 Ceylon Government 4-per-cent. inscribed stock (1934) .. .. „ 5,639 1 9 5,000 Ceylon Government 3 per-oent. inscribed stock (1940) .. .. „ 5,213 14 3 4,000 City of Sydney 5-per-cent. bonds (1904) .. .. .. ~ „ 4,69114 6 5,000 Metropolitan Gas Company of Melbourne 5-per-cent. debentures (1910-12) .. „ 5,563 17 6 5,000 Natal 4-per-cent. consolidated stock inscribed 1887 (1937) .. .. „ 4,993 14 1 5,000 Natal 3i-per-cent. inscribed stock (1914-1939) .. .. .. „ 5,313 6 0 10,000 New South Wales Government 4-per-cent. debentures (1908-10).. .. „ 10,230 3 8 2,500 New South Wales Government 3-per-cent. inscribed stock (1935) .. „ 2,406 15 3 15,000 New South Wales Government 3J-per-cent, inscribed stock (1924) .. „ 14,429 14 8 5,000 New South Wales Government 4-per-cenfc. inscribed stock (1933) .. „ 5,394 15 1 5,000 New Zealand Government 3J-per-cent. inscribed stock (1940) .. .. „ 5,149 810 10,000 Queensland Government 4-per-cent. debentures (1913-15) .. .. „ 10,169 2 3 15,000 Queensland Government 4-per-cent. inscribed stock (1924) .. .. „ 15,732 19 8