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F.—3

Pacific Cable Board (1 Edward VII, c. 31). —Account for Period ended 31st March, 1910. I.—Statement showing the Sum issued out of the Consolidated Fund and the Expenditure.

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, 1910.

Year in which issued. Amount. Amount. !um issued (out of an authorized issue of £2.000,000) !um issued (out of an authorized issue of £2,000,000) 1901-2 £ b. ,d. 1,060,935 0 0 Expenditure in the period ended 31st March, 1909 Expenditure in the year ended 31st March, 1910 £ s. d. 1,999,127 1 10 1902-3 939,065 0 0 Balance in hand 1,999,127 1 10 872 18 2 2,000,000 0 0 2,000,000 0 0

Amount. Money borrowed. Securities created. >um issued as above I £ s. d. 2,000,000 0 0 In the period to 31st March, 1902 In the year to 31st March, 1903 2,000,000 0 0 £ s. d. 784,600 0 0 Annuity of £77,544 18s. First payment, 1st December, 1903. 1,215,400 0 0 Last payment, 1st December, 1952. 2,000,000 0 0

Details of Expenditure. In the Period ending 31st March, 1909. In the Year ended 31et March, 1910. Total to 31st March, 1910. [1.) Head office (furniture, &o.) [2.) Stations,— Buildings Accessories .. ;3.) Cable,— Contract Accessories .. '4.) Instruments ;5.) Ship,— Contract Accessories .. '6.) Engineers' fees and expenses £ s. d. 429 7 8 £ s. d. £ s. d. 429 7 8 66,878 18 3 18,828 18 11 66,878 18 3 18,828 18 11 1,790,642 15 6 335 15 0 28,804 8 10 1,790,642 15 6 335 15 0 28,804 8 10 65,910 0 0 7,161 8 1 20,135 9 7 65,910 0 0 7,161 8 1 20,135 9 7 1,999,127 1 10 1,999,127 1 10

Details of Receipts. Parliamentary Grant. Revenue. Details of Expenditure. Annuity for the replacement of Capital. Workingexpenses. Balance on 31st March, 1909 deceived from H.M. Treasury out of the parliamentary grant-in-aid fraffic receipts (less £4,269 18s. 9d. paid out to the Canadian Pacific Railway and the Atlantic companies for the insertion of date and time and for duplicate copies of messages) interest on money placed on deposit Refund of tolls and dues £ s. d. 19,791 16 6 £ s. d. Seventh annuity-payment Head officejl (salaries and expenses) Head office (advertising and canvassing, engine era' 'fees, and royalties) Cable-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) £ s. d. 77,544 18 0 £ 8. d. 5,203 11 10 54,712 5 11 1,105 11 8 111,465 8 6 43,959 7 6 11,821 11 10 1,677 3 11 30,000 0 0 40 16 8 217 13 0 93,767 6 9 77,544 18 0 111,723 18 2 74,504 2 5 171,312 4 9 14,915 15 10 Balance on 31st March, 1910 186,228 0 7 186,228 0 7