P. —8.

VI.—Statement showing (a) the Securities purchased and sold, and (b) the Sums received and expended on account of the Cable Repair Reserve and General Renewal Fund for the Year ended 31st March, 1906.

S. Walpole, Chairman. Examined and found correct. — G. H. Hunt, Auditor. Pacific Cable Board, 27th June, 1906.

8

Securities purchased. (For Details see below.) Cash Receipts. Securities sold. (For Details see below.) Cash Payments. Balance on 31 st March, 1905 Transferred from the account of annual expenses (Statement IV) Interest on securities Securities purchased (as per contra) £ s. d. 57,000 0 0 £ s. d. 9,513 10 8 Invested in securities, viz. :— Canadian Northern Railway 3-per-cent. debenture stock (guaranteed by the Canadian Government) — £6,000 at 93J Canadian 3-per-cent. stock— £5,000 at 97f New Zealand stock — £4,000 at 99 Bank of England stock— £6,000 at Queensland 3-per-cent. stock — £2,500 at 88$ Local loans 3-per-cent. stock— £9,000 at 100-& £ s. d. 34,000 0 0 5,610 1 0 32,500 0 0 2,575 11 10 4,906 0 0 3,960 0 0 17,617 1 0 2,228 3 6 9,016 18 (» Balance on 31st March, 100fi 89,500 0 0 43,338 10 0 2,750 12 6 89,500 0 0 46,089 2 6 89,500 0 0 46,089 2 6

Details of Securities. Balance ou 8 let March. 1905. Securities purchased [during Period of Account. Total. Securities sold during Period i of Account, j Balance on 31st March, 1906. V;ll 81it lue at Market Price on ; March, 1906. Bank of England stock Victoria 3 - percent, stock Victoria cont. stock New South Wales 3-per-eent. stock Mow South Wales 4 - pet - tent. Treasury bills Queensland 3-per-cent, stock New Zealand 8-per-cont. stuck New Zealand 3J-per-cent. stock New Zealand 4-per-oent. debenture stock New Zealand 4-per-cent. Treasury bills Canadian 3- percent, stock Canadian Northern Railway 8-per-cent. debenture stock (guaranteed by the Canadian Government) M e t r o p o 1 itan Water Board 3-per-cent.stock Local loans 3-per-oent. stock £ a. d. 5.50(1 0 0 £ s. d. £ s. d. 6,000 0 0 11,500 0 0 £ B. d. 1 1,500 0 0 295J £ a. d. 33,982 10 0 4,000 0 0 4,000 0 0 4,000 0 0 90 3,000 0 0 [.{too o o 1,000 0 0 1,000 0 0 100 1,000 0 0 6,000 0 0 5,000 0 0 5,000 I) 0 mi 4,475 0 U 8,800 0 o 8,500 0 0 8,600 o o 100 8,500 0 0 5.000 0 0 2,500 O 0 7,500 0 0 2.500 0 0 7,500 0 (I 88$ 6,637 10 0 1,000 ii 0 l.ooo o o 1,000 0 0 90 900 0 0 4,000 0 0 4,000 0 0 4.000 0 0 4,000 0 0 • 102 i.iiso 0 0 l.ooo 0 0 1,000 0 0 1,000 o o 100 1,000 0 0 4,000 0 0 4,000 0 0 4,000 0 0 100 4,000 0 0 15.000 0 II 5.000 0 0 20,000 0 (I 5.000 0 0 20,000 0 0 H8J 19,700 0 0 (i,000 0 0 6,000 0 0 <i,ooo 0 0 6,000 0 0 9 1 J 5,490 0 0 2,000 0 0 2,000 0 0 2,000 0 0 1,930 0 0 96£ 5.000 0 0 9,000 0 0 9,000 0 0 14,000 0 0 14,000 0 0 99 A 13,930 0 0 57,000 0 0 32,500 '0 0 32,500 '0 0 89,500 0 0 89,500 0 0 109,2-25 0 0