On the 30th of June 1903 the balance-sheet of this fund showed a credit amounting to 1,796,120 and a debit of 460,819.
In January 1900 the Persian government, in order to pay the arrears and start afresh with a clear balance-sheet, contracted a loan through the Banque des Prts de Perse, a Russian institution connected with the Russian state bank, and established in 1890.
Equation (3) is called Bernoulli's equation, and may be interpreted as the balance-sheet of the energy which enters and leaves a given tube of flow.
A " trade balance-sheet " for 1906 drawn up for the Cape Town chamber of commerce by its president showed, however, a debtor account of £18,751,000 compared with a credit account of £17,931,000, figures representing with fair accuracy the then economic condition of the country.
The uncertain climate renders it necessary to include either other branches of the craft less dependent on warmth and sunshine, or to combine it with fruit-growing, poultry-rearing, &c. Under such conditions the bees will usually occupy a good position in the balance-sheet.