(m) Repayable in 50 years with interest at 6 per cent, per annum.

(n) The Phosphate Undertaking is not charged with interest or Sinking Fund, on this sum, as profits to this amount have been surrendered to the British Government. (p) Repayable by means of a Sinking Fund with interest at 6 per cent. per annum. (4) Repayable by means of a Sinking Fund with interest at 5 per cent. per annum. (r) Repayable with interest at 5 per cent. per annum by means of a Sinking Fund of 1 per cent. per annum, commencing in 1927-28. The rate of interest charged to 31st March, 1926, on the 1921-22 advance (119,6681.) was 61 per cent. per annum. (8) Repayable with interest at 5 per cent. per annum by means of a Sinking Fund of 1 per cent. per annum, commencing in 1927-28. (t) Includes 49,5551. arrears of interest capitalised and 321,8617. balance unexpended at 31st March, 1926, left in hands of Territory to meet further capital expenditure. (u) No interest being charged. Terms to be considered in 1933. (v) Repayable on terms to be prescribed by the Treasury. (w) On terms to be arranged.

(0) Repayable by means of a Sinking Fund with interest at 6 per cent. per annum.

Loans to Dominions, &c.-Outstanding on 31st March, 1928.

This is being repaid by an annuity at an average interest rate of 47. 198. 5'88d. per cent.
These are now being repaid by means of Annuities.

In addition there is a liability, not yet determined on the part of the East African Colonies and Protectorates, in connec

tion with the cost of military operations in East Africa.

STATEMENT as at 31st March, 1928, of the DEBTS DUE FROM ALLIES, &c.

PROCEEDINGS.

COPY of ACCOUNT showing the RECEIPTS and EXPENDITURE on account of BANKRUPTCY and COMPANIES (WINDING-UP) PROCEEDINGS during the Year ended the 31st March, 1928, prepared in accordance with Section 15 (1) of the Economy (Miscellaneous Provisions) Act, 1926.

Treasury Chambers,

19th April, 1928.

}

ARTHUR MICHAEL SAMUEL.

(Presented pursuant to Act 16 & 17 Geo. V, ch. 9, sec. 15 (1)).

Ordered, by The House of Commons, to be printed,
19th April, 1928.

LONDON:

PRINTED AND PUBLISHED BY HIS MAJESTY'S STATIONERY OFFICE. To be purchased directly from H.M. STATIONERY OFFICE at the following addresses: Adastral House, Kingsway, London, W.C.2; 120, George Street, Edinburgh; York Street, Manchester; 1, St. Andrew's Crescent, Cardiff;

15, Donegall Square West, Belfast;

or through any Bookseller.

1929.

Price 1d. Net.

BANKRUPTCY AND COMPANIES

STATEMENT UNDER SECTION 15 (1) OF THE ECONOMY (MISCELLANEOUS THE YEAR ENDED

(a) Net receipts after deduction of irrecoverable debit balances written off :

Bankruptcy Proceedings £1,019 58. Od.; Companies (Winding Up) Proceedings £1,027 0s. 10d. (b) Net receipts after deduction of payments for interest to individual Companies under Section 231 (4) of the Companies Consolidation Act, 1908-£10,823 0s. 6d.

(WINDING-UP) PROCEEDINGS.

PROVISIONS) ACT, 1926, SHOWING RECEIPTS AND EXPENDITURE FOR

Less due to be transferred to the Exchequer in 1928, under Section 13 (3) (b) of the Economy (Miscellaneous Provisions) Act. 1926.

97,635 7 8

Transfers to the Exchequer under the Economy (Miscellaneous

sions) Act, 1926:

Section 13 (3) (b)

Section 13 (4)

Balance 31st March, 1928 :

In hands of :

Board of Trade

Inland Revenue Department

County Courts Department

Paymaster-General

199,024 18 5

Provi

(c) Expenditure covered by fees transferred to Bankruptcy Department Vote, Class VI, No. 2, Subhead L-Appropriations-in-Aid.

(d) Expenditure (less salaries of other than Companies Department Officers, £4,032) covered by fees transferred to Board of Trade Vote, Class VI, No. 1, Subhead N-Appropriations-in-Aid.

(68430)-31 Wt. 20761-1142 450 1/29 P. St. G.17