THE PUBLIC DEBT.
The gross public debt at the end of the financial year amounted to £90,060,763. The following shows for that purposes the various amounts were borrowed :- £ Maori war 2,357,000 Defence 3,653,452 Public works 45,188,493 (Includes railways, roads and bridges construction and lands improvement, public buildings, telegraph and telephone lines, harbours and lighthouses, immigration, tourist and health resorts, development of water power, development of goidfields and coal mines). New Zealand State-guaran-teed Advance —- Advances to Settlers br'ch 8,225.644 Advances to Workers br'ch 2,246,942 Land for Settlements br'ch 6,871,161 Local Authorities br'ch 2,258,000 Native Land Settlement branch 516,100 Guaranteed " ! Mining Advances brandi 15,000 Bank of M.Z. shares 500,000 N.Z. Consols 475,891 Purchase of Native lands 2,715,217 State coal mines 225,000 Loans to local bodies 3,507,000 State lire insurance 2,000 Reserve Fund securities 800,000 Scenery preservation 60,000 Deficiencies in revenue, charges and expenses of raising loans, increase by conversion, etc., provincial liabilities and miscellaneous 8.250,963 £90,060,763
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King Country Chronicle, Volume VII, Issue 592, 9 August 1913, Page 2
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154THE PUBLIC DEBT. King Country Chronicle, Volume VII, Issue 592, 9 August 1913, Page 2
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