F.—B

11

Pacific Cable Estimates (As approved by the Board, 20th December, 1904), Ist April, 1905, to 31st March, 1906.

Receipts. £ £ Through traffic for week at present rate .. .. 1,310 Weekly allowance for Atlantic companies' charge for insertion of date and time and duplicate copies .. .. 60 Weekly receipts on through traffic .. .. 1,250 Yearly receipt on through traffic .. 65,000 Yearly receipt on local traffic .. 15,000 Estimated increase of traffic.. .. 2,000 Estimated deficit .. .. .. 86,017 £168,017

Expenditure. £ Third annuity payment .. .. 77,545 Head office .. .. .. 5,100 Stations .. .. .. .. 29,836 Ship 19,250 Renewals and depreciations .. .. 34,000 Royalty on instruments .. .. 500 Engineers' fees .. .. .. 300 Provident Fund .. .. .. 1,486 £168,017

Details of Expenditure. London Office. £ s. d. Salaries 3,587 0 0 Rent, &c 850 0 0 Auditor 100 0 0 Sundry expenses .. .. .. .. ■ • • • 563 0 0 £5,100 0 0 Ship. Wages, victualling, and pursers' stores .. .. .. .. 10,000 0 0 Coal ' .. 4,500 0 0 Stores : Cable, deck, engineers, electrical and stationers (including £1,000 to be written off cable stores).. .. .. .. 3,250 0 0 Contingencies .. .. • • • ■ • • • • 1,500 0 0 £19,250 0 0 Renewals and Depreciation Cable reserve .. " .. .. • • ■ • • • 24,000 0 0 Ship, 5 per cent, on, say, £67,000 .. .. .. .. 3,350 0 0 Buildings, 5 per cent, on, say, £66,000 .. .. .. .. 3,300 0 0 Ships' instruments, 10 per cent, on, say, £6,500 .. .. .. 650 0 0 Station instruments, 10 per cent, on, say, £27,000 .. .. 2,700 0 0 £34,000 0 0

Stations.

Suva. Norfolk Island. D °Ba tleSS South P° rt - Vancouver. Fanning. Salaries' 1 ' Eecoveries ££££££ ... 5,322 5,969 3,693 5,467 4,604 6,805 ... 620+ 1,1641 240t 5,322 5,969 3,073 4,303 4,364 6,805 £29,836 * Including foreign service allowances. t Probable recoveries from Australian, Canadian, and New Zealand Governments for supernumerary operators and clerks for service of land lines. Australia. Rent, 6 per cent, on one-fifth cost of office building and land (say, £2,000), £24; six operators at £150, £900 ; Clerks for special numbering of traffic states, £240: total £1,164. Canada.—Bent, £240. New Zealand.—Bent, twelve months from 1st April, 1904, to 31st Maroh, 1905, £244; three olerks, actual, say £376: total, £620.