P.—B

8

II. — Statement showing the Sums borrowed and the Securities created.

III. — Statement showing the aggregate Amount of Capital Expenditure.

IV. — Statement showing the Expenses of the Cable in the Year ended 31st March, 1912.

V. — Statement showing (a) the Sums received and expended, and (b) the Securities purchased and sold, on account of the Provident Fund in the Year ended 31st March, 1912.

Amount. Money borrowed. Securities created. I I £ a. d. £ e. d. Sum issued as above 2,000,000 0 0 In the period ended 784.600 0 0 Annuity of £77,544 18s. First 31st March, payment, 1st December, 1903; 1902 last payment, 1st December, 1952. In the year ended 1,215,400 0 0 31st March, 1903 I 2,000,000 0 0 2,000,000 0 0 I

Details of Expenditure In the Period ended In the Year ended Total to 31et March, 1911. 81st March, 1912. 31st March, 1912. [1.) Head office (furniture, *c.) 2.) Stations, — Buildings Accessories 3.) Cable,— Contract Accessories [4.) Instruments ;5.) ShipContract Accessories ;(5.) Engineers' fees and expenses • • I £ s. d. £ 8. d. £ 8. d. 429 7 8 .. 429 7 8 66,878 18 3 756 (I (I 67,634 18 3 18,828 18 11 .. 18,828 18 11 1,789,091 8 9 Cr. 1,628 7 0 1,787,463 1 -9 335 15 0 .. 335 15 0 28,804 8 10 .. 28,804 8 10 65,910 0 0; .. 65,910 0 0 7,161 8 1 .. 7,161 8 1 20,135 9 7 .. 20,135 9 7 1,997,575 15 1 Or. 872 7 0 1,996,703 8 1

Detail* of Receipts. Par 7jr?nt. t " y Kevenue. Annuity for the nr«jH_. Details of Expenditure. Replacement „IS.„ " g ' of Capital. expenses. __ £ s. d. | £ s. d. Balance on 31st March, 26,063 4 1 1911 Received from H.M. Trea- 33,217 15 2 sury out of the parliamentary grant-in-aid Traffic receipts (less £4,159 .. 154,891 13 8 7s. 6d. paid out for the insertion of date and time and for duplicate copies of messages) Bank interest .. .. .. 238 3 9 Refund of tolls and dues.. .. 34 3 0 Received for charter of ; 3,986 0 6 Board's cable-ship " Iris " £ s. d. j £ s. d. Ninth annuity payment .. 77,544 18 0 I Head office (salaries and .. 6,243 11 9 expenses) Head office (advertising and .. L'.tii'L' 8 9 canvassing, engineers' fees, and royalties) Cable-stations (salaries and .. 66,306 3 •> expenses) Cable-ship (salaries and ex- .. 12,609 8 1 penses) Provident Fund—contribu- .. 1,972 9 10 tion to (Statement V) Transferred to Cable Repair .. 32,360 0 0 —Reserve and General Renewal Fund (Statement VI) 159,150 0 11 j 59,280 19 6 122,104 1 10 77.544 18 0 Balance on 31st March, 1912 199.648 19 Id 18,782 0 7 218,431 0 5 218,431 0 fi

• Securities (E U or C Kis Cash Receipts, see below.) Securities sold or „ , redeemed. „ Cas1 ' » (For Details : Payment*. see below.) j £ s. d.; £ s. d. Balance on 31st March, 1911 23,548 0 0; 2,404 13 6 Transferred from the account .. 1,972 9 10 of annual expenses (Statement IV) Contribution of employees.. .. 1,972 9 10 Interest on securities .. .. 767 10 6 Securities purchased (as per 5,400 0 0 contra) £ s. d. £ s. d. Invested in securities, viz. :— £400 Bank of England st.uk at 2o7£ £6,000 Port of London Authority 3 - per - cent. " A " stork lit 7(i Payments to employees on cessation of services Auditor's fee : ..• 1.031 (I H :i„s:>* Is 6 414 12 (I 10 0 0 28.94S (1 0 7.117 3 S Balance on 31st Mareli. 1912 ' 5.284 11 3 28,948 0 0 1,832 12 5 28,948 0 0 7.117 3 X