7

F.—B

No. 12. Pacific Cable Act, 1901 (1 Edward VII, c. 31). —Account for the Period ended 31st March, 1905.

. —i iTATEMENT SJ towing tl lum issuer out ol 'onsoJ .ate. Ull an t! ixpem [iture. Year in which issued. Amount. Amount. Sum issued (out of an authorised issue of £2,000,000) Sum issued (out of an authorised issue of £2,000,000) 1901-2 £ s. a. 1,060,935 0 0 Expenditure in the period ended 31st March, 1904 Expenditure in the year ended 31st March, 1905 £ s. d. 1,992,967 0 7 1902-3 939,065 0 0 966 13 9 Balance in hand 1,993,933 14 4 6,066 5 8 2,000,000 0 0 2,000,000 0 0 II.—Statement showing the Money boi ■rowed and the Securities created. Amount. Money irrowed. Securities created. Sums issued as above £ a. d. 2,000,000 0 0 In the period to 31st March, 1902 In the year to 31st March, 1903 £ a. d. 784,600 0 0 Annuity of £77,544 18s. First payment, 1st December, 1903. Last payment, 1st December, 1952. 1,215,400 0 0 2,000,000 0 0 2,000,000 0 0 III. —Statement showing the Aggregate Amount of Capital Expenditure. Details of Expenditure. In the Period ended 31st Maroh, 1904. In the Year ended 31st March, 1905. Total to 31st Maroh, 1905. (1.) Head office (furniture, &o.) (2.) StationsBuildings Accessories (3.) CableContract Accessories (4.) Instruments (5.) Ship— Contraot .. Acoessories .. (6.) Engineers' fees and expenses £ B. d. 350 0 10 Jβ s. d. 61 6 0 £ a. d. 411 6 10 62,292 15 4 17,066 2 11 1,507 2 6 515 14 4 63,799 17 10 17,581 17 3 1,792,111 9 7 335 15 0 27,793 19 3 - 1,423 14 1 1,790,687 15 6 335 15 0 28,100 4 3 306 5 0 65,910 0 0 6,971 8 1 20,135 9 7 65,910 0 0 6,971 8 1 20,135 9 7 1,993,933 14 4 1,992,967 0 7 966 13 9 IV. —Statement showing the Expenses of the Cable in the Year ended 31st March, 1905. Details of Receipts. Amount. Details of Expenditure. Amount. 3alance on 31et Maroh, 1904 .. Seoeived from H.M. Treasury out of the parliamentary grant-in-aid £ s. a. Praffic receipts .. 84,301 9 1 Less paid out to the Canadian Pacifio Railway and Atlantic Companies for the insertion of date and time and for duplicate oopies .. 2,113 7 8 Interest on money plaoed on deposit Ueoeived for repair services rendered by b.s. " Iria " £ s. d. 16,185 16 0 88,375 17 8 Second annuity payment Head office (salaries and expenses) Head office (advertising and oanvassing, engineers' fees, royalties, and oost of remitting money Home) Gable stations (salaries and expenses).. Cable-ship (salaries and expenses) Provident Fund—contribution to (Statement V) Transferred to Cable Repair—Reserve and General Renewal Fund (Statement VI) £ a. d. 77,544 18 0 4,673 14 9 1,230 11 0 28,669 17 2 14,835 16 8 1,341 11 7 35,000 0 0 82,188 1 5 139 14 3 5,118 15 0 Balance on 31st Maroh, 1905 .. 163,296 9 2 28,711 15 2 192,008 4 4 192,008 4 4