24

NEW ZEALAND-SYDNEY CABLE GUARANTEE.

Statement of Estimated Traffic for the year ending 30th April, 1895.

£ s. d. Amount guaranteed to Cable Company 26,258 0 0 The estimated Receipts by the Cable Company for the above period are .. .. .... 11,326 0 0 Showing a loss to the Cable Company of .£14,932 0 0 The apportionment of this loss is as follows : — Cable Company bears \ ... 3,733 0 0 New Zealand bears % 11,199 0 0 £14,932 0 0 New Zealand's share is divided thus :— New Zealand solus pays £(=\ of total loss) 3,733 0 0 The contributing Colonies (including New Zealand) pays f(= \of total loss) .. 7,466 0 0 £11,199 0 0

The contributing Colonies proportion divided on the basis of Population is:—

lony. opu" :ion !ensus .pril, amount. Victoria New South Wales New Zealand South Australia Tasmania Western Australia 1,140,405 1,132,234 620,030 320,431 146,667 49,782 £ S. d. 2,497 3 8 2,479 5 9 1,357 14 0 701 13 2 321 3 3 109 0 2 3,409,549 £7,466 0 0 J G WARD