Tune/iri" and Development 



207 



CALCULATIONS ON BASIS OF £600,000 FOR DEVELOPMENT. 



Arter Three IA ... »■ „. After Twelve 



' ,, After owe t ears. u 



imr.s. ' Years. 



First Three 

 Years. 



Nothing. 



(a) £18,750 be- 

 ing interest at 3^% 

 on £600,000. 



(I)) Plus interest 

 on £56,250 being 

 three years deferr- 

 ed interest, viz., 

 £1,757. 



(c) Plus Sinking 

 Fund for 47 years 

 on total of loan 

 and accumulation 

 on interest-£5 i 201. 



Total £25,708 

 for interest and 

 Sinking Fund. 



Do. 



Do. 



Do. 



Do. 



Do 



Do. 



If after 4 years then— (a) £18,750. 



(h) £ 2,343 being interest on £75,000 4 



years deferred interest. 

 c) £ 5,430 Sinking Fund 46 years. 



Total 



£26,523 



RAILWAY, £1.400,000 (INCLUDING £150,000 ADDITIONAL FOR 

 DEVELOPMENT. 



Nothing. Nothing. Half interest on 



loan of £1,400,000 

 at 3*%— £21,875. 



{a) Full inter- 

 est on loan — 

 £43,750. 



(b) Plus inter- 

 est on £262,500 

 amount of first 

 six years deferred 

 interest, viz., 



£8,203. 



(c) Plus inter- 

 est on 2nd six 

 years deferred, 

 viz., £4,101. 



(d) Total on 

 foot of Sinkiug 

 Fund, £23,286 

 S. F. 38 years. 



Total £79,340. 



