9

A.—4.

During the year ended 31st March, 1938, an amount of £5,500 was used for redemption of debt in addition to the ordinary payments. Loans were made to the Administration on various dates between 1922 and 1928. The thirtyyear period for redemption therefore expires in 1958. Owing, to the additional payments referred to above it is now calculated that the debt will be extinguished by the Ist April, 1953. A statement showing the amounts to be applied in redemption of the debt in each year from the present date to 1953 is appended. It should be borne in mind, however, that this statement includes normal payments from sinking fund only, and the amounts shown will be subject to alteration should any further sums be utilized in direct repayment of debt in addition to those through the sinking fund.

Samoan Loan Sinking Fund. Statement of Contributions and Balances of Sinking Fund and Loan Accounts, 31st March, 1938, to 1st April, 1953.

2—A. 4,

I , . tj, , Payable Payable Sinking i und J . ■ 0 / ,. -o , •—j— T( i to in .Redemption Jialance owing. .Balance. Sinking Fund.(i) Debt. . . £ s. d. £ s. d. £ £ 31st March, 1938 .. .. 4 11 9 .. .. 112,195 1st April, 1938 .. .. .. 4,901 5 0 4,905 31st March, 1939 .. .. 0 16 9 .. .. 107,290 1st April, 1939 .. .. .. 5,132 2 0 5,130 31st March, 1940 .. .. 2 18 9 .. .. 102,160 1st April, 1940 .. .. .. 5,373 19 6 5,375 31st March, 1941 .. 1 18 3 .. .. 96,785 1st April, 1941 .. .. .. 5,627 2 0 5,625 31st March, 1942 .. 4 0 3 .. .. 91,160 1st April, 1942 .. .. .. 5,892 7 6 5,895 31st March, 1943 .. ..1 7 9 .. .. 85,265 1st April, 1943 .. .. .. 6,170 0 6 6,170 31st March, 1944 .. .. 1 8 3 .. .. 79,095 1st April, 1944 .. .. .. 6,460 14 6 6,4-60 31st March, 1945 .. .. 2 2 9 .. .. 72,635 1st April, 1945 .. .. .. 6,765 3 0 6,765 31st March, 1946 .. .. 2 5 9 .. .. 65,870 1st April, 1946 .. .. .. 7,083 19 6 7,085 31st March, 1947 .. .. 1 5 3 .. .. 58,785 1st April, 1947 .. .. .. 7,417 13 0 7,415 31st March, 1948 .. .. 3 18 3 .. .. 51,370 1st April, 1948 .. .. .. 7,767 6 0 7,770 31st March, 1949 .. .. 1 4 3 .. .. 43,600 1st April, 1949 .. .. .. 8,133 3 0 8,130 31st March, 1950 .. .. 4 7 3 .. .. 35,470 1st April, 1950 .. .. .. 8,516 11 0 8,520 31st March, 1951 .. .. 0 18 3 .. .. 26,950 1st April, 1951 .. .. .. 8,917 14 6 8,915 31st March, 1952 .. .. 3 12 9 .. .. 18,035 1st April, 1952 .. .. .. 9,338 0 6 9,340 31st March, 1953 .. .. 1 13 3 .. .. 8,695 1st April, 1953 .. .. .. 8,693 6 9 8,695 ( 1 )For an explanation of the reason for the gradual increase in the annual contributions to sinking fund see explanation of accredited representative, page 55, minutes of thirty - third session of Permanent Mandates Commission,