Report to the ... Zionist Congress and to the Council of the Jewish Agency in ... · 1935-08-01 · 8.1935 · p. Seite 190

THE PALESTINE LAND DEVE Balance Sheet as at LIABILITIES. Share Capital Authorised— 300 Founders' Shares of £50 each 85,000 Ordinary Shares of £1 each ... Share Capital Issued—■ 298 Founders' Shares of £50 each 72,396 Ordinary Shares of £1 each Less Calls in arrear ............ Debentures Outstanding (secured by a floating charge on the assets and undertaking)— Issue of $65,560 6% Debentures 1924/30 not presented for repayment ......... Issue of 7% Debentures 1931/35-— Total outstanding (Debentures of $6,940 having been redeemed and cancelled) ... Less 7% Debentures deposited as collateral security for loans ............ Converted into Palestinian currency at the current rate of exchange ......... Amounts received on account of Debentures not yet issued and Debenture Interest accrued............. ...... "Bills Payable and Promissory Notes (partly secured by the deposit of Bills receivable) Amounts Received on Account of Shares not yet . Issued .................. Creditors and Credit Balances— Loans and Land Purchase Accounts secured by mortgages ............... Advances from Land Buyers ... ...... Sundries, including Unclaimed Dividends ... Provision for Development of Lands, Compensation, Legal Suit and Staff Pension Fund General Reserve ............... Profit and Loss Account— Balance at January 1st, 1934 ......... Less 6% Dividend declared on May 13th, 1934 ......... 4,767.180 Contribution to Staff Pension Fund 3,000.000 Bonus to Staff, etc....... 700.000 Transfer to General Reserve ... 16,000.000 Add Net Profit for year ended December 31st, 1934 .................. £15,000 85,000 £100,000 £P. Mils. 14,900.000 72,396.000 87,296.000 25.000 $1,953 56,930 58,883 13,500 $45,383 £P. Mils. 9,156.020 1,083.533 77,948.968 46,421.701 29,795.117 26,839.256 24,467.180 2,372.076 62,511.544 £P. Mils. 87,271.000 10,239.553 276,676.774 9,078.770 154,165.786 66,366.495 24,832.331 64,883.620 £P.693,514.329 190